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  1. #701
    Member Ketel One's Avatar
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    Yep, bought some of that one.

    I must admit though, while I generally find lendingcrowd loans acceptable, the thought of a 27 year old with 50.5k of debt at 19.1% interest is a bit sobering- even if they do have house/vehicles as security. Hardly an ideal situation to find oneself in!

  2. #702
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    It did make me look carefully too as reason was debt consolation.

  3. #703
    Advanced Member Entrep's Avatar
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    Quote Originally Posted by Ketel One View Post
    Yep, bought some of that one.

    I must admit though, while I generally find lendingcrowd loans acceptable, the thought of a 27 year old with 50.5k of debt at 19.1% interest is a bit sobering- even if they do have house/vehicles as security. Hardly an ideal situation to find oneself in!
    Yeah strange set of circumstances... property (with mortgage), decent job and car... and the only option to borrow $50K is a loan at nearly 20%?? Bizarre.

  4. #704
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    Quote Originally Posted by Entrep View Post
    Yeah strange set of circumstances... property (with mortgage), decent job and car... and the only option to borrow $50K is a loan at nearly 20%?? Bizarre.
    Maybe they have to pay back those who may have lent them money for the deposit for the house. If the house is in Auckland the deposit for even a modest house could have been massive.

  5. #705
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    Quote Originally Posted by Bjauck View Post
    Maybe they have to pay back those who may have lent them money for the deposit for the house. If the house is in Auckland the deposit for even a modest house could have been massive.
    Yes you just don't know, hey? My thoughts were Student Loan debt and who knows, marriage, past holidays, Illness Credit Card debts.....

  6. #706
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    A 30k b1 has been listed today

  7. #707
    Advanced Member Entrep's Avatar
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    How fast do they credit ASB TO ASB deposits in the weekend?

  8. #708
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    Quote Originally Posted by Entrep View Post
    How fast do they credit ASB TO ASB deposits in the weekend?
    I haven't seen them do any in weekend's. But I might be wrong

  9. #709
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    Quote Originally Posted by whitt View Post
    I haven't seen them do any in weekend's. But I might be wrong
    Lending Crowd = NO Repayments once Friday late arvo run is completed, till Monday late arvo

    Squirrel = Every Day ASB to ASB

  10. #710
    Advanced Member Entrep's Avatar
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    During the week LC credited my deposit in minutes. Squirrel there was a 24 hour wait. ASB to ASB with both.

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