LendingCROWD NZ P2P

[Bjauck]

At this point, Harmony's system cost me 4% of the interest. Yes that may increase a bit with the number of re-writes, and it seems ultimately unfair that we should pay twice the fee simply because the borrower has been allowed to re-write its loan, but we are still way below LC's 10%.

How do the rates of capital write-offs compare? For some investors they could cost more than the service charges. In addition, capital charge-offs, if you are not "in business", are unlikely (DYOR) to be deductible for tax.

[Cool Bear]

How do the rates of capital write-offs compare? For some investors they could cost more than the service charges. In addition, capital charge-offs, if you are not "in business", are unlikely (DYOR) to be deductible for tax.

Assuming that I cannot deduct charge-offs or writeoffs, I will still net about 15% with Harmoney after taking in all the fees including rewrites and writeoffs. With LC, I will net only about 12.5% after Interest Flex.

However, I am happy to be in both. I just started with Lendme as well.

[Marcus@LendMe]

Assuming that I cannot deduct charge-offs or writeoffs, I will still net about 15% with Harmoney after taking in all the fees including rewrites and writeoffs. With LC, I will net only about 12.5% after Interest Flex.

However, I am happy to be in both. I just started with Lendme as well.

Hi Cool Bear. Good to have a new lender on board with LendMe.

We funded a couple of large loans last week and have three currently on the site. Keep an eye on the site over the next week. We have a number of loans in the pipeline and are waiting for borrowers to supply the final pieces of information.

MM

[Soolaimon]

Hi Cool Bear. Good to have a new lender on board with LendMe.

We funded a couple of large loans last week and have three currently on the site. Keep an eye on the site over the next week. We have a number of loans in the pipeline and are waiting for borrowers to supply the final pieces of information.

MM

I have still got my eye on the site, but nothing yet????

[Marcus@LendMe]

I have still got my eye on the site, but nothing yet????

Hi Soolaimon, we're getting there, just waiting on a few more pieces of information on a bunch of loans. Frustrating I know, but we're dedicated to following our robust processes to protect lenders investments.

We also have a responsibility to build on and protect the reputation of p2p lending.

In the meantime, this loan is nearly there - Residential Property Refinancing Loan 2000077 - just needs about 60k to be fully funded.

On another note, are you investing with other platforms? How are you enjoying the process to more traditional methods of investment?

[Soolaimon]

Hi Soolaimon, we're getting there, just waiting on a few more pieces of information on a bunch of loans. Frustrating I know, but we're dedicated to following our robust processes to protect lenders investments.

We also have a responsibility to build on and protect the reputation of p2p lending.

In the meantime, this loan is nearly there - Residential Property Refinancing Loan 2000077 - just needs about 60k to be fully funded.

On another note, are you investing with other platforms? How are you enjoying the process to more traditional methods of investment?

Hi Marcus, I see there are two loans last night, thanks. Yes I have been with Harmoney since the beginning and except for a few problems earlier on am quite satisfied with the performance so far. As for enjoying the process, I do. Being well retired, I have plenty of time and I treat P2P as a means of supplementing the poor term deposit rates from the banks these days.

[Marcus@LendMe]

Hi Marcus, I see there are two loans last night, thanks. Yes I have been with Harmoney since the beginning and except for a few problems earlier on am quite satisfied with the performance so far. As for enjoying the process, I do. Being well retired, I have plenty of time and I treat P2P as a means of supplementing the poor term deposit rates from the banks these days.

Hi there. A new loan has been loaded to the site. I'll post the details on the LendMe thread if that's ok.

I attended the LendIt 2016 conference in the States this week. I've written a short blog post about my first day there - I'll include a link if anyone wants a read.

MM