sharetrader
Page 74 of 76 FirstFirst ... 246470717273747576 LastLast
Results 1,096 to 1,110 of 1126
  1. #1096
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    752

    Default

    Lending Crowds NEW Interest Rates active from Sunday 01 st September

    https://www.interest.co.nz/personal-...-lender-reduce

  2. #1097
    Junior Member
    Join Date
    Jan 2017
    Posts
    18

    Default

    Too good to be true?

    I've just had another in collection loan closed, principal fully recovered. This is my 4th collection fully recovered with none yet not being so, off a relatively small sum invested over the last three or so years.

    Other than not being able to get the loans as they are listed, and the lack of info if you don't screen grab, LendingCrowd has been fantastic. But is it too good to be true? Has anyone had a loss of principal?

  3. #1098
    Member
    Join Date
    Sep 2015
    Posts
    220

    Default

    Iíve had 7 write offs total, and just 3 got fully recovered

  4. #1099
    Member
    Join Date
    Jul 2017
    Posts
    113

    Default

    Yes write offs do occur...ScreenHunt.jpg

  5. #1100
    Junior Member
    Join Date
    Jan 2017
    Posts
    18

    Default

    I've just received an email from Mara Labuschagne at lending crowd with a PDF attached titled Information Update Request. Email looks suspicious and I'm nervous of opening. Anybody else receiving similar? I'll be contacting the LC support to confirm before opening.

  6. #1101
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    752

    Default

    Quote Originally Posted by kiwi783 View Post
    I've just received an email from Mara Labuschagne at lending crowd with a PDF attached titled Information Update Request. Email looks suspicious and I'm nervous of opening. Anybody else receiving similar? I'll be contacting the LC support to confirm before opening.

    Yes. She is Pukka and the Letter is just for AML ( Anti Money Laundering ) purposes.

    We had the same here.

    I think a Driving License had expired here, which probably triggered the new request.

  7. #1102
    Junior Member
    Join Date
    Jan 2017
    Posts
    18

    Default

    Thanks Saamee, Good to know. The email was very generic text in the body so easily felt like the sender (even if genuine) had been hacked/virus in some way. I'll get in contact and sort out the paperwork - ho hum.
    Thanks again.

    Quote Originally Posted by Saamee View Post
    Yes. She is Pukka and the Letter is just for AML ( Anti Money Laundering ) purposes.

    We had the same here.

    I think a Driving License had expired here, which probably triggered the new request.

  8. #1103
    Member
    Join Date
    Jul 2017
    Posts
    113

    Default

    It's amazing the number of 25% interest flex loans v 10% coming on the Lending Crowd site now. The 10% loans have really dropped away. I am beginning to wonder if a Lending Crowd associated finance company is forwarding some of its loans to the Lending Crowd site. This would mean that the Lending Crowd group is getting the loan approval fee ($450ish??) and then 25% of the interest earned without carrying any risk whatsoever. Easy money - particularly if you're struggling to get depositors. If this thread is monitored by Lending Crowd I would be grateful for comment on this.

  9. #1104
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    752

    Default

    OK well it's time for my 48 Month Investment Update on Lending Crowd....


    Been in with LC since their very 1st loan which was issued on 21st December 2015.


    Write Off Losses = TWELVE


    Loans Repaid Early = 63.3%


    Platform RAR = 12.84%


    # of Loans Taken Out = 1284


    # of Axtive Loans = 471


    Current Arrears = Zero


    Out of the 3 x P2P Platforms I have actively invested in, for me this is the easiest, most straight forward and user friendly to use.


    Capture.PNG

    Happy P2P trading
    Last edited by Saamee; 13-12-2019 at 12:47 PM.

  10. #1105
    Member
    Join Date
    Sep 2019
    Posts
    35

    Default

    Quote Originally Posted by Saamee View Post
    OK well it's time for my 48 Month Investment Update on Lending Crowd....


    Been in with LC since their very 1st loan which was issued on 21st December 2015.


    Write Off Losses = TWELVE


    Loans Repaid Early = 63.3%


    Platform RAR = 12.84%


    # of Loans Taken Out = 1284


    # of Axtive Loans = 471


    Current Arrears = Zero


    Out of the 3 x P2P Platforms I have actively invested in, for me this is the easiest, most straight forward and user friendly to use.


    Capture.PNG

    Happy P2P trading
    Well done Saamee. I am a very fresh newbie on LC in comparison (started in September this year). To achieve that RAR, am I right in assuming you only invest in B1 and B2 loans? Do you find that sometimes you go through entire weeks with no loans to invest in?

    I would love a few more B2s, but many of them are only for under $5,000 and last only a few seconds on the site before they are snapped up. Having said that, there was a longer lasting one yesterday for over $100,000 !

  11. #1106
    Member
    Join Date
    Mar 2006
    Location
    It varies
    Posts
    175

    Default

    Hi Saamee, I too have been in for over 3 years at least but my returns are not so good 11.62%. However I am totaly satisfied with that and the reason is since Penny Pickers auto thing I have spent many hours trying to invest and have only been able to mostly get the larger amount loans. The smaller B2's are obviously the ones to boost returns but then I guess they contribute more to the defaults of which I have only had 4 with a loss of $200. So all in all happy and am still transferring all withdrawals from Harmony to LC.

  12. #1107
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    752

    Default

    Quote Originally Posted by Toukshare View Post
    Well done Saamee. I am a very fresh newbie on LC in comparison (started in September this year). To achieve that RAR, am I right in assuming you only invest in B1 and B2 loans? Do you find that sometimes you go through entire weeks with no loans to invest in?

    I would love a few more B2s, but many of them are only for under $5,000 and last only a few seconds on the site before they are snapped up. Having said that, there was a longer lasting one yesterday for over $100,000 !
    @toukshare

    >> Yes I do only invest in B1's and B2's....

    >> Since something like 70% of loans these days seem to be referred loans with a 25% Flex rate - RAR's are moving slowly lower as that kicks in to the RAR returns after 100 days

    >> Every week I get into LC Loans - but it does vary - It is not so easy for people with a strict work routine, where as I am retired and available all day

  13. #1108
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    752

    Default

    Quote Originally Posted by Soolaimon View Post
    Hi Saamee, I too have been in for over 3 years at least but my returns are not so good 11.62%. However I am totaly satisfied with that and the reason is since Penny Pickers auto thing I have spent many hours trying to invest and have only been able to mostly get the larger amount loans. The smaller B2's are obviously the ones to boost returns but then I guess they contribute more to the defaults of which I have only had 4 with a loss of $200. So all in all happy and am still transferring all withdrawals from Harmony to LC.
    @soolaimon

    >> Good to hear from you again and know you are back on baord ( like you I have very little funds left in HM these days )

    >> I have not seen or gone looking for stats about Loan Class and defaults but it would be good to see it confirmed if more B2's default!

  14. #1109
    Junior Member
    Join Date
    Jan 2017
    Posts
    18

    Default

    I agree that LC has been best of p2p sites. I've only seen one better imo but its not NZ based, and ironically in a region that has surplus of loans to investor liquidity. My frustration with LC is lack of loans, and the bunfight to grab any that do. The rush to hit Buy without being able to take a few seconds to viewing details is not a sensible investment approach, and continuing suspicion that automated processes are still running by others to grab the loans as they get listed. A xmas wish for some sort of auto-invest even if business sense dictated preference to bigger investors.

  15. #1110
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    752

    Default

    Quote Originally Posted by Soolaimon View Post
    Hi Saamee, I too have been in for over 3 years at least but my returns are not so good 11.62%. However I am totaly satisfied with that and the reason is since Penny Pickers auto thing I have spent many hours trying to invest and have only been able to mostly get the larger amount loans. The smaller B2's are obviously the ones to boost returns but then I guess they contribute more to the defaults of which I have only had 4 with a loss of $200. So all in all happy and am still transferring all withdrawals from Harmony to LC.

    @soolaimon ~ Just wanted to ask you how your LC Investments have travelled over the last 10 Days or so??

    I have found LC has got SO busy..... I'm retired and at home but still have Failed to get into a single loan in the last 10 Days...

    I am now so freustrated that I am Drawing Funds out of LC and into Harmoney!!

    I do not like Harmoney and their customer dis-service at all...... but Returns are better and funnily enough, losses smaller

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •