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  1. #1161
    Junior Member
    Join Date
    Jul 2017
    Posts
    18

    Default

    The loan quantity has increased significantly in the last 12 months. I have no problem in investing the funds I want to invest due to abundant supply. At the point of typing there are 8 available loans.

    However, it seems like LC are turning a blind eye to some of the information supplied by the borrowers, maybe to increase the loan supply?

    Loan 1: House with mortgage in Nelson but declared outgoings are $261 a month or $60 a week.





    Loan 2: Someone is renting in Auckland and monthly outgoings are $525 surely you cannot survive on $121 per week.



    Loans like these are starting to worry me a bit. I emailed LC asking for a clarification weeks ago, however no one replied back.

  2. #1162
    Junior Member
    Join Date
    Jul 2017
    Posts
    18

  3. #1163
    Member
    Join Date
    May 2016
    Posts
    236

    Default

    It may be they get challenged later in the process before any money is advanced. But thanks, good spots. These are certainly challenging times to be an investor!

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