Harmoney

[humvee]

Have just calculated what I consider the true service fee on my account (fee as a percentage of gross interest received) and find it at 5.86%. Those re-writes certainly make the stated fee of 1.25% unrealistic.

I dont agree with how harmoney handles the fee on rewrites but if your fee as a % of interest is only.5.86% then that is lower then what lending crowd charge. Here is what lending crowd charge.

"Interest flex

Investors are charged a service fee of 10% of the interest Lending Crowd collects or recovers under any loan agreement. This fee is charged each time interest is paid into an investor's account and will show on an investor's transaction statement as interest flex."