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  1. #16
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    Quote Originally Posted by mlt322 View Post
    I joined LC last week to add some diversification rather than having all of my lending 'eggs' in the Harmoney basket, but like the two previous posts, I see virtually no loans to invest in. Does that mean that LC is not getting the clients on board or are they taking the prime loans for themselves. Like Soolaimon and Permutation, I'll be sticking with Harmoney until I see some action at LC. I'm still waiting for my RAR as I've been in around 90 days so hopefully won't be far away.
    LC had about 8 x loans before Xmas Day. Then the pot went dry.

    My guess is that they have only been going just about 1 month and still getting sorted. Many Kiwi's are stiii on holidays and not back at work ( and into their normal routine yet ).

    Yes, Harmoney have a lot more unsecured loans available right now, in fairnes sHarmoney have been going approx 18 months now.

    I am hoping LC picks up and Jan fades and we all get back to normal Kiwi life in Feb 16.

  2. #17
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    Yes, there are more loans appearing now which is good. The first two that I invested in took one week before they started as a loan ie. attracting interest.
    Soolaimon

  3. #18
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    Emailed this outfit with a few questions, which were responded to really quickly. One thing to note is they're only in a soft launch stage and plan to get underway in March.

  4. #19
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    Seen 2 x Loans this week and invested in both! I just keep logging in a couple of times daily to check for new activity.

  5. #20
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    Many new loans @ Lending Crowd have hit today...

    LC.JPG

  6. #21
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    Using a different strategy here @ LC than over @ HM.... I perceive that LC loans are higher quality ( yes, have to wait & See! ) since every loan is secured and some with Death insurance too, also as there are fewer quality loans currently, I put $500 into each loan I chose to invest in.

  7. #22
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    I'd be interested to know if anybody else was investing last week here @ LC and had the loans cancelled by the Borrower at the last minute? I had Three ( 3 ) loans I had invested in, had been 100% subscribed and then unfortunately the Borrower pulled out in the final stages of loan issuance. After speaking with LC seems many were for cars and people got outbid @ Auctions etc. I'm putting it down, just to real life

  8. #23
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    I've had four investments reversed in the last two weeks, they were all 100% subscribed too. It is slightly frustrating given the small number of loans available to invest in.

    LC reckons it's just bad luck since they've had very few reversals so far.

  9. #24
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    Quote Originally Posted by Ellipsis View Post
    I've had four investments reversed in the last two weeks, they were all 100% subscribed too. It is slightly frustrating given the small number of loans available to invest in.

    LC reckons it's just bad luck since they've had very few reversals so far.
    Hi Ellipsis,

    Yes that's about right, I've been investing within them since their launch in mid DEC 15. It is more recently the loans have not been fulfilled. It's good to see the # of loans increasing now week by week, plus LC are going for Quality of Quantity ( HM? )

    7 loans in total Reversed....
    Last edited by Saamee; 28-02-2016 at 04:29 PM.

  10. #25
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    Nine for me so far! Frustrating for sure, as there's still a limited number of loans being listed. I too was told .... it's just bad luck since they've had very few reversals so far.
    But hopefully into March we'll start to see more loans listed, and reversals won't seem so high.

  11. #26
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    I am still trialing LC and have only 13 loans so far since early jan. 2 of these have been reversed just this last week. Because of the lack of loans available during this time there has been a considerable period where my funds have not been returning interest. More than 3 weeks. Takes what cream there is off the returns when comparing to bank term deposits or Harmoney
    Soolaimon

  12. #27
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    Hi Soolaimon ,

    So you are keeping funds 'ready to invest' at LC? With LC I just send money over when there is a loan of interest to me there available. AS it is still 'low volume' the loans always hang around long enough to send fund, same day credit and purchase ( and hopefully not go on to be reversed! )

  13. #28
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    Quote Originally Posted by Saamee View Post
    Hi Soolaimon ,

    So you are keeping funds 'ready to invest' at LC? With LC I just send money over when there is a loan of interest to me there available. AS it is still 'low volume' the loans always hang around long enough to send fund, same day credit and purchase ( and hopefully not go on to be reversed! )
    Good idea Saamee but a bit more work involved.
    Soolaimon

  14. #29
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    Use of BCC would be recomended when sending out this email rather then having everyone's address in the To field



    "On the 7th March our system processed customers payments a day before the interest was due.

    The result is that your investor account will show a full principal payment rather than splits of interest, principal, Lending Crowd Flex and RWT.

    We have rectified this issue for future payments.

    Please call if you have any further queries.

    Kind regards,"

  15. #30
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    Yes exactly Humvee. At least they apologised with a personal phone call to let you know....

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