LendingCROWD NZ P2P

[Saamee]

Not much action on this thread for a week or two but then also not much action on LC either, only one loan this last week (that I noticed). They say they are getting lots of applications for loans but are being very selective for quality, also still in soft launch mode so hopefully an increase in loans is not too far away. I still like the perceived security with LC and am balancing investment between them and Harmoney.

I agree 100% with you about your 'balancing' strategy. I am now 50 \ 50 balanced between LC & HM.

In the 5 working days just gone by I have seen and invested in 5 loans on LC!

At 07:00am Sunday they still have 2 x loans available.

A week or 2 back I did notice one loan was only up for 24 hours and went fast.

I called LC up and asked why such a short loan fill time.

It was for a Car Loan @ Auction where borrower needed to know they had the approval to spend.