Discussion about Peer-to-Peer Lenders

“What I am saying is Arrears are LESS currently - that is positive... If it was Hardship there would be NO payments >> HIgher Arrears Outstanding! Not what I am seeing just now :) Hardship and Repayment Holiday loans don't show up as arrears - they are not in arrears as no payments are due until they become active...”

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“I'm folllowing and liking your Logic... BJ...”

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“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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“Definitely subject to DYOR. I thought "retail investors" was another way of saying individual non-professional investors. I was not referring companies doing the investing. Unlike in some other jurisdictions, In relation to "retail investors", The NZ P2P sector never bothered to get an IRD ruling on tax consequences. Very...”

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“As you say, DYOR, as my accountants advice is that it is tax deductible if you are investing through a LTD company (rather than as an individual). In my personal circumstances, which may suit others, it is better to invest through a ltd. Definitely subject to DYOR. I thought "retail investors" was another way of saying...”

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“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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