Discussion about Peer-to-Peer Lenders

“I've not seen this. My weekly auto withdrawals have been in the $700-$1600 range for quite some time, no obvious trend for me. Last four weeks went like: $1000, $700, $1400, $800....”

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“Am receiving a Higher amount of Loans being Repaid in full over the last 2 weeks..... Any body else too? Maybe doing ReFi at lower rates or 'mortgage holiday' funds otherwise paying off Higher Interest bearing loans??...”

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View all posts about Harmoney on ShareTrader.co.nz »


“Hi Saamee, You're assessing a reserve fund against low LVR lending secured over property. They are totally different things. The average expected credit loss rate on a residential house book is 0.0005%. Over $150 billion of prime residential mortgage have been sold to investors in Australia with no investor losses....”

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“Don't get me wrong.... SM is still the ONLY P2P Lender I have had NO Capital Losses with.... ( Thanks to their Persoanl Loan Reserve Fund ) It's just their offerings have changed \ evolved over time ( where other P2P Lenders have not so much ) and what they now offer Investors is no longer attractive to myself.......”

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View all posts about Squirrel Money on ShareTrader.co.nz »


“Yes it is all secured loans, but second mortgages and Caveats which I suppose is better than nothing. They also have quite a few vehicle secured loans which tend to perform well. Just worries me if they have been around 20 years or so and they still cannot make money. They are the worst performer of all the NBDT's albeit...”

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“I wonder what would happen with this if Finance Direct folds, just had a look at their accounts for the year and they aren’t making any money. Who checks them on the quality of loans they put up and if desperate would they push harder when it’s the investors that lose? I have no money with them now but think...”

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View all posts about Lending Crowd on ShareTrader.co.nz »


“Just logged on to zagga!! It's just the old LendMe website with the same loan(s) still there - just a relaunch rename :(...”

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“Maybe the name of this Thread needs to be changed to keep up? By who ever has the authority....”

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View all posts about LendMe on ShareTrader.co.nz »