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Discussion about Peer-to-Peer Lenders

Harmoney
Squirrel Money

Posts about Harmoney on ShareTrader.co.nz

“Indeed Investor, at 15% fees, less than 4% default and low-mid income tax rates. For someone on higher tax rates, 12% net of all these is now an unsustainable dream. Scorecard 1.5 squeezed gross rates, and arrears and defaults continue to rise disproportionately into the tail end of their hazard curve. Justification given...” View full post »

“Harmoney to start using debt collectors according to article on Interest.co.nz Read the previous two posts....” View full post »

“Harmoney to start using debt collectors according to article on Interest.co.nz...” View full post »

“Your RAR is supposed to fall over time as more defaults naturally occur. Depending on your fee & tax rate, it is still possible to obtain a return of 12% p.a. after fees, tax and Harmoney's predicted default levels. Indeed Investor, at 15% fees, less than 4% default and low-mid income tax rates. For someone on higher tax...” View full post »

“Harmoney today have emailed saying they will on sell the charged off loans to a third party. I cant see this as good as the incentive is gone for Harmoney to chase loans in arrears. Previously it was in Harmoneys best interest to keep arreared loans under control so the charged off department had less work. Now nothing...” View full post »

“Harmoney today have emailed saying they will on sell the charged off loans to a third party. I cant see this as good as the incentive is gone for Harmoney to chase loans in arrears. Previously it was in Harmoneys best interest to keep arreared loans under control so the charged off department had less work. Now nothing...” View full post »

“Not a pretty picture, increasing risk and diminishing returns in a goldilocks economy - RAR falling, 15% fees, 22% arrears, 25% tax approx. Looks like screening not stringent enough at Harmoney. Your RAR is supposed to fall over time as more defaults naturally occur. Depending on your fee & tax rate, it is still possible...” View full post »

“Time at employer of 1 year, is boarding, earning 140k and it being packaged as a D rated loan - should have been enough to deter you. lol, many of us have a sizeable chunk in so its not worthwhile to read individual loans, we trust harmonies algorithms to correctly assess each loan. It comes down to how much is your time...” View full post »

“Not a pretty picture, increasing risk and diminishing returns in a goldilocks economy - RAR falling, 15% fees, 22% arrears, 25% tax approx. Looks like screening not stringent enough at Harmoney....” View full post »

“Time at employer of 1 year, is boarding, earning 140k and it being packaged as a D rated loan - should have been enough to deter you. You're rught - red flags everywhere but unfortunately it was bought by autolend. As soon as I saw it I smelt a rat - but I thought Harmoney was able to confirm incomes through access to...” View full post »

View full Harmoney thread on ShareTrader.co.nz

Posts about Squirrel Money on ShareTrader.co.nz

“Why don't any P2P companies allow opening joint accounts just like a bank does? It would be so convenient for mum and dad investors. Can Mr. JB@Squirrel throw some light on this? Thanks in advance....” View full post »

“http://www.scoop.co.nz/stories/BU1711/S00861/fma-publishes-first-peer-to-peer-crowdfunding-returns.htm?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Tuesday+28+November+2017 Interesting Overall picture...” View full post »

“I see Squirrel continues to get even more choked up with Investor Funds on offer for 5 Years. As of this morning 330K for Investment offers as low as 8.45% for 5 Years! 9291...” View full post »

“Not much going on at Squirrel lately. I've had 3K waiting to be invested for 5 years at 8.75% now for over a week and it's still sitting there. Longer term, there needs to be a better re-investment process than this otherwise surplus cash is just sitting around too long. Took two weeks for my 2 year offers to be taken...” View full post »

“Not much going on at Squirrel lately. I've had 3K waiting to be invested for 5 years at 8.75% now for over a week and it's still sitting there. Longer term, there needs to be a better re-investment process than this otherwise surplus cash is just sitting around too long. Clearly it is related to the availability of loans...” View full post »

“Not much going on at Squirrel lately. I've had 3K waiting to be invested for 5 years at 8.75% now for over a week and it's still sitting there. Longer term, there needs to be a better re-investment process than this otherwise surplus cash is just sitting around too long....” View full post »

“Thank you JB. Refreshing to see your engagement and transparency - to educate and clarify ......” View full post »

“Free market in the ability investors have to undercut each other and jump the Q. But if you are Squirrel, and you buy a $100,000 loan at 9% for 5 years and sell it a microsecond later to 10 investors at 8.5%, you are reaping 0.5% on the life of the loan with no money down. In my understanding it is called Fee, not Free...” View full post »

“Interesting that Squirrel issues loan to borrowers at fixed listed rates (average 12.56% according to the site currently), takes its 2% cut, deducts its 2% shield buffer, but then also keeps the Investor rate difference (loan bought first by squirrel at 9%, then onsold to investor at 8.5%, due to lack of sufficient loans...” View full post »

“ Here I am looking AGAIN for somewhere to invest my money easily. Exactly.. We all got the Email from SM yesterday, saying "Don't Give Us Any More $$$ Right Now"!...” View full post »

View full Squirrel Money thread on ShareTrader.co.nz

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