Darchie, Funds already BACK in ACCOUNT!
Mine already Reinvested - Go check your account!! :)
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Yes, mine back in account too.
The original loan never got drawndown so goes back into your account straight away
Just getting into P2P, deciding between Harmoney and LC. Prefer LC's set up but concerned about lack of investment opportunities. Do you find this an issue?
Agreed with saamee. Only took 1-2 weeks to invest my initial $500 at $50 per loan.
Very low arrears on LC as well, so their collections team must be very good.
No system glitches on LC that I know of, unlike Harmoney
Good to know, thanks. Think I'll go with LC. Does anyone have a current strategy that is working well for them? 50% A grade, 50% B for example?
Hi H,
My current strategy @ LC is to only invest in the B1 grades ( 13% to 15% ) returns.
That's only because I have invested fro 10 months with them across all grades, but now Cherry Pick to augment my existing investments with LC.
I figure 14% is a fair return ( not too stupidly high or dangerous )
Like ALL P2P investments - the greater the % rate paid > The greater the risk....
Good luck investing :)
Heaps of loans on LC last week which is good