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  1. #951
    Senior Member
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    Apr 2002
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    , , New Zealand.
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    Quote Originally Posted by Bjauck View Post
    Were the collection costs recovered as well or were they a cost charged to your account?
    charged separately to account

  2. #952
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    , , New Zealand.
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    Quote Originally Posted by humvee View Post
    DO you have the loan ID? or any other details? security type? - I assuming it was most likely vechcle only

    I'm not in that B2 loan, I do have 1 B1 loan in collection and 1 A2 Loan that was written off but with 100% principal recovered
    L00-14-330, B2 personal 18.74%, 11.1k sought with vehicle security and death cover, akl renter 2-5 years, 45year old, self employed over 10 years, excellent credit, credit file 22 yrs, 3 enquiries, 0 defaults, income 2-4k, outgoings 1k pm

  3. #953
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    Feb 2015
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    Quote Originally Posted by beacon View Post
    L00-14-330, B2 personal 18.74%, 11.1k sought with vehicle security and death cover, akl renter 2-5 years, 45year old, self employed over 10 years, excellent credit, credit file 22 yrs, 3 enquiries, 0 defaults, income 2-4k, outgoings 1k pm
    If I had seen that I would have loaned on it, more then $50 - so prob $100 in the past more likely $150-$200 now - So Im just lucky I happened to miss out on getting that one

  4. #954
    Junior Member
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    Jun 2018
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    8

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    Had a good few weeks there where if I logged in as soon as a loan came up, I would get a piece. The last week seems to have gone back to the bad old days, where the loan is already gone, even if I log in the second the email arrives. Are people using bots again?

  5. #955
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    Sep 2016
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    Quote Originally Posted by CR_111 View Post
    Had a good few weeks there where if I logged in as soon as a loan came up, I would get a piece. The last week seems to have gone back to the bad old days, where the loan is already gone, even if I log in the second the email arrives. Are people using bots again?
    I managed to get in 1 x B2 today by logging in straight away, but the other one was already 92% full by the time I got there, despite responding almost immediately, and my $50 effort was thwarted due to not enough funds remaining on the loan.

    I can't see that Lending Crowd really cares that much whether bots are involved or not; it just needs to fill the loans. Both those B2 loans were less than $4k and they do go really quickly.

  6. #956
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    Jul 2017
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    128

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    Quote Originally Posted by darrenc View Post
    I managed to get in 1 x B2 today by logging in straight away, but the other one was already 92% full by the time I got there, despite responding almost immediately, and my $50 effort was thwarted due to not enough funds remaining on the loan.

    I can't see that Lending Crowd really cares that much whether bots are involved or not; it just needs to fill the loans. Both those B2 loans were less than $4k and they do go really quickly.
    Yeah I missed out today too - I think it was because all the loans were so small. I assume that the emails go out in series so some investors will receive it before others. Also it may depend on how fast your email server transmits the email to you. Additionally as some punters put $500 - $1000 or more into a loan it only takes three to eight bids before it is filled.

  7. #957
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    Feb 2015
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    My lending crowd NAR for my current/larger account has been above my harmoney RAR since June now (only just) and I have just reached 120 active loans combined so I thought I would do some number crunching

    NAR 14.80% - Larger current account - Average active loan age = 190 days
    NAR 15.17% - winding down account - Average active loan age = 381 days

    Combined figures


    All loans
    Average interest rate All loans 15.72%
    Weighted average interest rate 15.70%
    Average Loan Age 293 days



    Open Loans
    Average interest rate 15.82%
    Weighted average interest rate 15.63%
    Average Loan Age 303 days


    Closed loans
    Average interest rate 15.60%
    Weighted average interest rate 15.85%
    Average Loan Age 282 days


    60 Months
    Average interest rate 15.81%
    Weighted average interest rate 15.77%
    Average Loan Age 287 days


    36 Months
    Average interest rate 15.58%
    Weighted average interest rate 15.62%
    Average Loan Age 301 days
    Last edited by humvee; 11-09-2018 at 03:27 PM.

  8. #958
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    Feb 2015
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    Just received this, this is the 1st one I have lost principal on

    Loan note LN000-014-222 has been written off. The disbursement amounts from collection were:
    Principal: $11.50
    Collection costs: ($6.02)
    The principal balance on LN000-014-222 was $22.46 meaning there has been a $10.96 principal write off to your account.
    The write off of a loan is never a good thing but is an occasional and unavoidable part of lending money. We hope that your Lending Crowd investment portfolio has not been unduly affected by this write off.
    Regards,
    The Lending Crowd Team



  9. #959
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    Feb 2015
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    Quote Originally Posted by humvee View Post
    Just received this, this is the 1st one I have lost principal on

    Loan note LN000-014-222 has been written off. The disbursement amounts from collection were:
    Principal: $11.50
    Collection costs: ($6.02)
    The principal balance on LN000-014-222 was $22.46 meaning there has been a $10.96 principal write off to your account.
    The write off of a loan is never a good thing but is an occasional and unavoidable part of lending money. We hope that your Lending Crowd investment portfolio has not been unduly affected by this write off.
    Regards,
    The Lending Crowd Team


    That said once the $9.06 in interest I had already received is added in my loss is only $1.90 - plus getting 0% interest for the time it was loaned out

  10. #960
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    Sep 2015
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    226

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    Quote Originally Posted by humvee View Post
    That said once the $9.06 in interest I had already received is added in my loss is only $1.90 - plus getting 0% interest for the time it was loaned out
    Plus the $6.02 collection fee

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