LendingCROWD NZ P2P

[Saamee]

Another loan Tuesday ...

Funded	Time remaining	Grade	Rate*	Type	Term	Amount	My investment
	6 days and 23 hours	A2	10.96%	Personal	36 months	$10,250.00	$0.00

[Kelvin]

Wow, 81% filled already.

My deposits (not from ASB) have been pretty fast, clearing within half a business day, but even that might not be fast enough anymore. I logged in and used the "Deposit funds" feature, that probably makes a difference in clearance times

[mp52]

Interestingly, no increase in listed loans following change in fee structure. Points for speculation - more stringent loan structure, first mover advantage or marketing reach? My guess is the latter as market capture with disruptive Internet business is key (as any Xero/Wynyard etc investor can attest).

[Saamee]

New loan Wednesday arvo....

Funded	Time remaining	Grade	Rate*	Type	Term	Amount	My investment
	6 days and 21 hours	B2	18.74%	Personal	36 months	$6,750.00

[Darchie]

[QUOTE=mp52;625414]Interestingly, no increase in listed loans following change in fee structure.

Have i missed something here! ..... appreciate if you could elaborate mp52

[Saamee]

[QUOTE=Darchie;625508]

Interestingly, no increase in listed loans following change in fee structure.

Have i missed something here! ..... appreciate if you could elaborate mp52

I think he was posting in the wrong thread.... Think he thought he was over on the Harmoney page!

[Darchie]

Hey Saamee have you got the loan that's 12 days overdue? ... oh and I have another 6 days overdue!
OMG. That's 2 ... hope their very clean record isn't being tarnished!

I querried LC about that 1cent under on principal repayment ... and was told it's to do with rounding .. (obviously an unders and overs game!) .. but they didn't answer my question asking if every contributor was short changed by one cent ... now if so that would add up!!!! I have had 10 repaid loans but no overs on principal!!!

[Saamee]

Hey Saamee have you got the loan that's 12 days overdue? ... oh and I have another 6 days overdue!
OMG. That's 2 ... hope their very clean record isn't being tarnished!

I querried LC about that 1cent under on principal repayment ... and was told it's to do with rounding .. (obviously an unders and overs game!) .. but they didn't answer my question asking if every contributor was short changed by one cent ... now if so that would add up!!!! I have had 10 repaid loans but no overs on principal!!!

Hi Darchie,

Yes I am in that 12 days overdue loan too.

I called Aedi yesterday about it and we had a long chat.

Seems a part payment has been made to LC, with more promised to make good.

It will show overdue untill it is 100% current, even though payments are being made.

I asked how I can now see the orignal loan details of the borrower....

Short = You cannot view once loan is Originated.

Suggestion was to take a Screen Shot of Borrower Details for every new loan - which I have started doing.

Rgds

[Saamee]

Hey Saamee have you got the loan that's 12 days overdue? ... oh and I have another 6 days overdue!
OMG. That's 2 ... hope their very clean record isn't being tarnished!

I querried LC about that 1cent under on principal repayment ... and was told it's to do with rounding .. (obviously an unders and overs game!) .. but they didn't answer my question asking if every contributor was short changed by one cent ... now if so that would add up!!!! I have had 10 repaid loans but no overs on principal!!!

Oh yes I now see the 6 day overdue loan too!

As it's only their 1st payment ever, I would hazard a guess that either they are getting 'in line' with their monthly Pay cycle or else inital Bank Account set up error?

Rgds

[Saamee]

2nd Loan now listed on Wednesday.....

Funded	Time remaining	Grade	Rate*	Type	Term	Amount	My investment
	6 days and 13 hours	A2	11.87%	Personal	60 months	$18,000.00	$0.00