LendingCROWD NZ P2P

[Harvey Specter]

FYI. My service charge with Harmoney after rewrites is running at around 9.2% of gross interest compared with 10% for Lending Crowd, but at least with LC there is certainty.

but harmoneys interest rates would be higher (since unsecured) which is better (assuming write offs aren't higher than forecast).

[Saamee]

but harmoneys interest rates would be higher (since unsecured) which is better (assuming write offs aren't higher than forecast).

Hi Harvey,

Of course I agree with what you say about Harmoneys unsecured rates vs Lending Crowds ( or any other P2P lender in NZ ).

What keeps me up at night is looking out to the future of 2016 and seeing what is happening now in China, that will happen very soon in the USA and then the rest of the world, and of course good old NZ, is the coming 'Credit Crunch'.

I feel when Mum and Dad borrowers start to hurt and slow down or stop paying us, I would rather have more of my money earning a little less interest, but with a lot more security with the Lending Crowd.

Only my humble thoughts though here!