LendingCROWD NZ P2P

[Saamee]

Well done Saamee!
See identical .. i say watch the 36 month loan be repaid ... BUT it'll be held for 7days ...

Darchie, Funds already BACK in ACCOUNT!

Mine already Reinvested - Go check your account!!

[Kelvin]

Yes, mine back in account too.

The original loan never got drawndown so goes back into your account straight away

[heisenberg]

Just getting into P2P, deciding between Harmoney and LC. Prefer LC's set up but concerned about lack of investment opportunities. Do you find this an issue?

[Saamee]

Just getting into P2P, deciding between Harmoney and LC. Prefer LC's set up but concerned about lack of investment opportunities. Do you find this an issue?

Not for a Slow Drip Feed - Good if you are only just getting in to P2P

[Kelvin]

Agreed with saamee. Only took 1-2 weeks to invest my initial $500 at $50 per loan.

Very low arrears on LC as well, so their collections team must be very good.

No system glitches on LC that I know of, unlike Harmoney

[heisenberg]

Good to know, thanks. Think I'll go with LC. Does anyone have a current strategy that is working well for them? 50% A grade, 50% B for example?

[Saamee]

Good to know, thanks. Think I'll go with LC. Does anyone have a current strategy that is working well for them? 50% A grade, 50% B for example?

Hi H,

My current strategy @ LC is to only invest in the B1 grades ( 13% to 15% ) returns.

That's only because I have invested fro 10 months with them across all grades, but now Cherry Pick to augment my existing investments with LC.

I figure 14% is a fair return ( not too stupidly high or dangerous )

Like ALL P2P investments - the greater the % rate paid > The greater the risk....

Good luck investing

[whitt]

Heaps of loans on LC last week which is good

[Kelvin]

Good to know, thanks. Think I'll go with LC. Does anyone have a current strategy that is working well for them? 50% A grade, 50% B for example?

I have been going for anything except A1 and ones that appear dodgy to me (like high enquiries). With the A1 grade you can get a similar return at squirrel money at lower risk.

My NAR is currently 13.69%

[whitt]

Hi H,

My current strategy @ LC is to only invest in the B1 grades ( 13% to 15% ) returns.

That's only because I have invested fro 10 months with them across all grades, but now Cherry Pick to augment my existing investments with LC.

I figure 14% is a fair return ( not too stupidly high or dangerous )

Like ALL P2P investments - the greater the % rate paid > The greater the risk....

Good luck investing

Am thinking same also B1's look good.
I chased various returns on Harmoney but with writeoffs it ends up at approx 14% anyway. 14% is a good number I am happy with.