-
10-09-2018, 08:34 AM
#951
Originally Posted by Bjauck
Were the collection costs recovered as well or were they a cost charged to your account?
charged separately to account
-
10-09-2018, 08:39 AM
#952
Originally Posted by humvee
DO you have the loan ID? or any other details? security type? - I assuming it was most likely vechcle only
I'm not in that B2 loan, I do have 1 B1 loan in collection and 1 A2 Loan that was written off but with 100% principal recovered
L00-14-330, B2 personal 18.74%, 11.1k sought with vehicle security and death cover, akl renter 2-5 years, 45year old, self employed over 10 years, excellent credit, credit file 22 yrs, 3 enquiries, 0 defaults, income 2-4k, outgoings 1k pm
-
10-09-2018, 12:36 PM
#953
Member
Originally Posted by beacon
L00-14-330, B2 personal 18.74%, 11.1k sought with vehicle security and death cover, akl renter 2-5 years, 45year old, self employed over 10 years, excellent credit, credit file 22 yrs, 3 enquiries, 0 defaults, income 2-4k, outgoings 1k pm
If I had seen that I would have loaned on it, more then $50 - so prob $100 in the past more likely $150-$200 now - So Im just lucky I happened to miss out on getting that one
-
10-09-2018, 02:12 PM
#954
Junior Member
Had a good few weeks there where if I logged in as soon as a loan came up, I would get a piece. The last week seems to have gone back to the bad old days, where the loan is already gone, even if I log in the second the email arrives. Are people using bots again?
-
10-09-2018, 04:06 PM
#955
Member
Originally Posted by CR_111
Had a good few weeks there where if I logged in as soon as a loan came up, I would get a piece. The last week seems to have gone back to the bad old days, where the loan is already gone, even if I log in the second the email arrives. Are people using bots again?
I managed to get in 1 x B2 today by logging in straight away, but the other one was already 92% full by the time I got there, despite responding almost immediately, and my $50 effort was thwarted due to not enough funds remaining on the loan.
I can't see that Lending Crowd really cares that much whether bots are involved or not; it just needs to fill the loans. Both those B2 loans were less than $4k and they do go really quickly.
-
10-09-2018, 06:49 PM
#956
Member
Originally Posted by darrenc
I managed to get in 1 x B2 today by logging in straight away, but the other one was already 92% full by the time I got there, despite responding almost immediately, and my $50 effort was thwarted due to not enough funds remaining on the loan.
I can't see that Lending Crowd really cares that much whether bots are involved or not; it just needs to fill the loans. Both those B2 loans were less than $4k and they do go really quickly.
Yeah I missed out today too - I think it was because all the loans were so small. I assume that the emails go out in series so some investors will receive it before others. Also it may depend on how fast your email server transmits the email to you. Additionally as some punters put $500 - $1000 or more into a loan it only takes three to eight bids before it is filled.
-
11-09-2018, 04:26 PM
#957
Member
My lending crowd NAR for my current/larger account has been above my harmoney RAR since June now (only just) and I have just reached 120 active loans combined so I thought I would do some number crunching
NAR 14.80% - Larger current account - Average active loan age = 190 days
NAR 15.17% - winding down account - Average active loan age = 381 days
Combined figures
All loans
Average interest rate All loans 15.72%
Weighted average interest rate 15.70%
Average Loan Age 293 days
Open Loans
Average interest rate 15.82%
Weighted average interest rate 15.63%
Average Loan Age 303 days
Closed loans
Average interest rate 15.60%
Weighted average interest rate 15.85%
Average Loan Age 282 days
60 Months
Average interest rate 15.81%
Weighted average interest rate 15.77%
Average Loan Age 287 days
36 Months
Average interest rate 15.58%
Weighted average interest rate 15.62%
Average Loan Age 301 days
Last edited by humvee; 11-09-2018 at 04:27 PM.
-
12-09-2018, 04:20 PM
#958
Member
Just received this, this is the 1st one I have lost principal on
Loan note LN000-014-222 has been written off. The disbursement amounts from collection were:
Principal: |
$11.50 |
Collection costs: |
($6.02) |
The principal balance on LN000-014-222 was $22.46 meaning there has been a $10.96 principal write off to your account.
The write off of a loan is never a good thing but is an occasional and unavoidable part of lending money. We hope that your Lending Crowd investment portfolio has not been unduly affected by this write off.
Regards,
The Lending Crowd Team
-
12-09-2018, 04:23 PM
#959
Member
Originally Posted by humvee
Just received this, this is the 1st one I have lost principal on
Loan note LN000-014-222 has been written off. The disbursement amounts from collection were:
Principal: |
$11.50 |
Collection costs: |
($6.02) |
The principal balance on LN000-014-222 was $22.46 meaning there has been a $10.96 principal write off to your account.
The write off of a loan is never a good thing but is an occasional and unavoidable part of lending money. We hope that your Lending Crowd investment portfolio has not been unduly affected by this write off.
Regards,
The Lending Crowd Team
That said once the $9.06 in interest I had already received is added in my loss is only $1.90 - plus getting 0% interest for the time it was loaned out
-
12-09-2018, 05:43 PM
#960
Member
Originally Posted by humvee
That said once the $9.06 in interest I had already received is added in my loss is only $1.90 - plus getting 0% interest for the time it was loaned out
Plus the $6.02 collection fee
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks