So the Trustee has the financial arrangement with the Borrower and Harmoney has the financial arrangement with the the Investor?
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So the Trustee has the financial arrangement with the Borrower and Harmoney has the financial arrangement with the the Investor?
I understand it to be both have an agreement with the trustee and Harmoney is merely the trustee's agent.
Hi there Knot and Bjauck
I refer you to the Harmoney Disclosure Statement which sets out how the trustee works.
https://www.harmoney.co.nz/how-it-wo...sure-statement
OMG..... Now i see on offer an A4 with a monthly income of $45,431.00 ..... LAI-00058406 !!!!
I say with tongue in cheek .. surely this person shouldn't need to borrow from the likes of Harmoney!!!
Obviously a typo BUT that should not happen.
Hi Darchie - yes this is a bug - and we are fixing it immediately. Thanks for bringing it to our attention. Monica.mathis@harmoney.co.nz
I'm not sure if this is a bug, something new, or I have been blind in the past.
All my loans now show an amount in the service fee section. I don't know if this is what the fee will be for each repayment, the total so far (better not be), or something else?
Attachment 7919
Hi Knot (& Mathismo)
I had a quick look at different loans (paid off, charge off, current, new, etc) and realised that the $ figure for service fee is just 1.25% of the principal we invested. So, it is not much information as it is not the amount charged or the amount to be charged (which includes 1.25% on interest) as well. So, it does not tell us anything new at all! A meaningful figure would be the actual service fee that was charged!
Im looking into this for you now. Get back to you asap. Monica.mathis@harmoney.co.nz