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Discussion about Peer-to-Peer Lenders

Harmoney
Squirrel Money

Posts about Harmoney on ShareTrader.co.nz

“Can't say I've ever seen a 'failed' loan in over $300K worth of loan purchases. I have 5 cancelled loans - my understanding is that a cancelled loan is one where the borrower pulls out (7 day cool off period is a legal requirement).? The issue of the 116% loan funding is, I believe, only in the 'frontend', most likely...” View full post »

“How does this work? Loan is funded to 116% - presumably overloaded by the institutions. Somebody is going to miss out - hopefully not me. 10496 I have tackled Harmoney over this numerous times over the years. There is absolutely no excuse for this. It means that when you make an application to fund a loan and receive an...” View full post »

“Squirrel deducts their fees and transfers to their reserve fund (that covers write-offs) prior to paying their P2P investors. RWT is then deducted from the net amount paid to P2P lenders. My understanding is not 100% as written above.... I understand it is only the Borrowers Reserve Fund Levy that pays into the Reserve...” View full post »

“Harmoney does the same way as anyone else does. The correct way. Your tax return is your responsibility not theirs. Squirrel deducts their fees and transfers to their reserve fund (that covers write-offs) prior to paying their P2P investors. RWT is then deducted from the net amount paid to P2P lenders....” View full post »

“Harmoney does the same way as anyone else does. The correct way. Your tax return is your responsibility not theirs....” View full post »

“Via the "Claim expenses related to your income -> Add non-business expense" function on myIR? yeah i just did it like that, IRD processed it pretty quick Its a real pain that harmoney pay your tax for you at the wrong stage, pre fees not after. Real hard to sell people the platform as an investment "yeah returns are...” View full post »

“I have never been able to calculate an arrears value equal to what Harmoney show in the dashboard summary :( Often there are individual loans flagged as being in arrears but have had recent payments and, conversely, individual loans that have not had a payment for well over a month that are not flagged as being in arrears....” View full post »

“Via the "Claim expenses related to your income -> Add non-business expense" function on myIR? Yep. That's it....” View full post »

“Don't wait for the IRD to do it. When all the information shows up on MyIRD do the return yourself. There is a selection available to claim expenses once you begin the process. I actually did my tax return the other day and manually put in all the information including my Harmoney deductions, a whopping $2.25. Have just...” View full post »

“I have a tax question that might be silly but is hopefully relevant to others. I'm on a salary, and with the new IRD processes it looks like tax returns will be done automatically. That's fine, but I paid ~$1000 in service and lender fees to Harmoney this tax year, and according to Harmoney "The Service Fee or Lender Fee...” View full post »

View full Harmoney thread on ShareTrader.co.nz

Posts about Squirrel Money on ShareTrader.co.nz

“Anyone having any luck at all with Squirrel recently? The loan volume appears to have collapsed, even more so than Harmoney. I wonder if loan volume has dropped as a result of the fall in house sales and as a result of drop in loan demand more generally. It would be interesting to see if bank lending has fallen too. Also...” View full post »

“Anyone having any luck at all with Squirrel recently? The loan volume appears to have collapsed, even more so than Harmoney. Yep hard to get any money loaned out for 2-3 yrs for over 6.5%....” View full post »

“Anyone having any luck at all with Squirrel recently? The loan volume appears to have collapsed, even more so than Harmoney....” View full post »

“FY2019 RWT Tax Certificates are already available Online for Download :)...” View full post »

“Decided to venture over here for a bit of diversity, will see how it goes but if I dont get any bites after a few weeks I'll be out. Squirrel Money is more of a set it and forget it kind of P2P platform unlike other p2p lending platforms which are very time consuming....” View full post »

“Decided to venture over here for a bit of diversity, will see how it goes but if I dont get any bites after a few weeks I'll be out....” View full post »

“Hi icyfire. I'm CFO at Squirrel. We are definitely still getting loans pushed through in the 5-7 and 2-3 year categories - around 60% of the new lending this month. The loans funded in the 5-7 year bucket this month have had an average investor rate of 8.14% and 7.03% for the 2-3 year loans. I would encourage you...” View full post »

“Has anybody managed to invest in loans for 5-7 or 2-3 years recently? If so, at what rate? Currently there is $131k for 1 year awaiting funding. I'm thinking that it would be better to put money to work now and get 6% return instead of waiting for weeks/months for a higher return. What y'all think?...” View full post »

“There is no funds waiting for that rate so it must have gone. We must be looking at different pages!! 5-7 Years still 133K waiting to go!! 10154...” View full post »

“I see as of today, there is 133K of funds waiting for 8.5% There is no funds waiting for that rate so it must have gone....” View full post »

View full Squirrel Money thread on ShareTrader.co.nz

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