LendingCROWD NZ P2P

[Kelvin]

Been smashed by early repayments recently

234 active loans
5 Overdue
74 closed

[darrenc]

I am no expert but wouldn't be surprised if these are being filled by automated trading of some sort. You would have no chance beating that manually and to be honest that kind of race doesn't feel like prudent investing!

They're being filled by people like me who have email open all day and are generally working in front of the computer. I don't get them all because I'm not here all the time, but I've had 3 today (2x B2 and 1xB1). Some days I miss them all if I'm out at meetings. I have a phone alert set, too, but oftentimes that's too late for a B2 because it seems delayed vs my browser-based email.

You need to be in within 10-20 seconds on a B2 because they usually go within 30-60 seconds.

Also, there are some heavy hitters investing here, putting in four figures at a time.

[Soolaimon]

Been smashed by early repayments recently

234 active loans
5 Overdue
74 closed

Little wonder that I am getting p...d off. I have 158 active and 89 closed.

[Saamee]

Little wonder that I am getting p...d off. I have 158 active and 89 closed.

h

That's the good, the bad and the ugly of P2P investing.....

Always celebrate getting an early repayment!!

There's always a chance that you may not have got anything back

[Soolaimon]

h

That's the good, the bad and the ugly of P2P investing.....

Always celebrate getting an early repayment!!

There's always a chance that you may not have got anything back

An early repayment after several months is ok I agree. However, at LC when you get one that is only been active for 1 or 2 months, the time that those funds have been working for you and the delay while waiting to invest in the first place and then that delay all over again means that the net time earning interest is very small.

[Saamee]

An early repayment after several months is ok I agree. However, at LC when you get one that is only been active for 1 or 2 months, the time that those funds have been working for you and the delay while waiting to invest in the first place and then that delay all over again means that the net time earning interest is very small.

That situation can occur with any P2P Lender. Guessing borrowers get offered a better deal elsewhere!

[Investor]

An early repayment after several months is ok I agree. However, at LC when you get one that is only been active for 1 or 2 months, the time that those funds have been working for you and the delay while waiting to invest in the first place and then that delay all over again means that the net time earning interest is very small.

Welcome to P2P

[Saamee]

Revised \ New Investment strategy added > Diversifying into Finance Direct ( Lending Crowd's parent owner )

Positives

> No early repayments

> No fighting for or missing out on loans

> No daily logging in and checking

> No 10% Interest Flex payment


Negatives

> Slightly lower rates offered

> Quarterly Interest payments


Worth considering as another option > Call Wayne and discuss the history of Finance Direct, especially regarding how they came thought the GFC...

[Entrep]

You mean this https://financedirect.co.nz/Category...Category_id=93 Saamee?

[Saamee]

Yes,that is them