Clicky

  • Welcome to P2P Lending / NFT Lending Forum.
 

ETH.LOAN

News:

This was the original Lend Academy peer-to-peer lending forum, since forensically restored by deBanked and now reintroduced to eth.loan.

To restore access to your user account, email [email protected]. We apologize for errors you may experience during the recovery.

Main Menu
NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL

Any issues with new fees?

Started by Peter, July 29, 2015, 11:00:00 PM

Previous topic - Next topic

Natalie-OBX

Hello All,

I received my first quarterly fee statement with the new fee structure and it was almost $27 for just under $30,000 invested.  I was previously told by a rep from NSR that only new money invested through them would incur the fee.  I reached out to them on Monday, and they responded immediately that they were looking into it.  I haven't heard anything since.

Anyone else having any issues with billing?

--Natalie

TravelingPennies

This has been resolved.  I was previously given incorrect information about only future investments incurring fees.

The $27 bill was correct.

--Natalie

lascott

Interesting. I believe that BlueVestment and LendingRobot only charge on investments that they made and not on YOUR previous investments. 

NSR Invest FAQ: https://www.nsrinvest.com/faq" class="bbc_link" target="_blank">https://www.nsrinvest.com/faq
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FQVUCtzW.png&hash=4124c22dfce0d93fcb85073b0cb0b0da" alt="" class="bbc_img" />

LendingRobot FAQ
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FPGBklE5.png&hash=a78a5aac1155b2b205d752b435c6ea74" alt="" class="bbc_img" />

BlueVestment FAQ
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FxbsFVib.png&hash=bf095dcdb45c9d959fe43bbbf2d0f8e9" alt="" class="bbc_img" />

Image: http://i.imgur.com/YHDkeQN.png" class="bbc_link" target="_blank">http://i.imgur.com/YHDkeQN.png
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FYHDkeQN.png&hash=a8a4ecc49c4b2ba9404fcd407f0fbb95" alt="" class="bbc_img" />
Image: http://i.imgur.com/wuoYlkn.png" class="bbc_link" target="_blank">http://i.imgur.com/wuoYlkn.png
https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FwuoYlkn.png&hash=c2a13029d5b1036df36d31c202f76f51" alt="" class="bbc_img" />

BritishJim

When I first checked the "Management Fees" page, it reflected my actual note & cash balance, not the balance of notes NSR purchased on my behalf.  I sent an e-mail to them about that and was corrected the next day.  Now it reflects what notes NSR bought on my behalf.

If I understand this correctly, the fee shown is over a 3 month period so if your total fee is $27 then you're actually paying $9 a month. To me, that seems quite reasonable as I would assume to be charged a fee for a service and not expect it for free.  Paying for this service helps insure they will be staying around.  I've also looked at the other third party providers and the fee NSR charges is in line with the others.

I will admit, I was really enjoying not paying for this service and tried my best to be invisible but I knew that one day they would catch up with me.



TravelingPennies

I have no issues paying a reasonable fee for what I consider to be a valuable service.

I don't agree with paying a fee based on my account value, which is how NSR is charging.  My balance is just under $30,000, and I think they are responsible for investing a good portion of that for me (around 25k).  I checked, and they are only charging me based on the loans they invested in for me.

The kicker is that their service was supposed to be free during that time.  Actually that's not true.  Since they are now charging me for the entire account value (invested by them) since I began investing with them, their service was never really free at all.  Also, by continuing to charge me based the the account value, they are charging me for the same loans multiple times.  I am sure they are decent people that perhaps didn't entirely consider the effects of their billing methods.  I don't anticipate staying with them long term; however, I have not yet looked at what my other options are.

I think it's more fair to pay based on the investments that they made for me that month.  I also use BlueVestment, and they charge this way.

--Natalie

Emmanuel

Correct, LendingRobot only charges for the investments we manage (plus available cash).

The first $5,000 ($10,000 if you've been invited) are also managed for free.

The reason we decided to go that way is that we have many users who want to 'try it' while they already invested quite a bit of money on their own already.
We're confident over time, they'll rely 100% on LendingRobot to manage their investments, anyhow  https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />

AnilG

Fees of most sites are based on total Account/Portfolio values managed by the sites. I believe Interest Radar and my site PeerCube are the only ones charging Flat Fee (independent of portfolio/account value). Paying 0.45% of portfolio value every year as fees adds up very quickly as accounts get larger.




sumtuck

We recently simplified our billing procedures to enhance the client experience.  During the conversion, a few of our legacy users were impacted and we are working closely with those users to ensure they have a seamless experience moving forward. 

The current management fees structure is a common question so I appreciate the opportunity to clarify our billing policy. NSR Invest bills quarterly on the average daily value of the capital we manage (which includes notes invested in by NSR Platform and idle cash). We are passionate about making p2p accessible to all, so for self directed users, we waive fees for users with under $20,000 deployed. 

Please feel free to call me any time should you have additional questions or concerns. 

Best,

Summer
NSR Invest
720-259-0455

TravelingPennies

"NSR Invest: 1/4 per quarter
0.45% Conservative Strategy (5% target net return);
0.60% Balanced Strategy (7% target net return);
0.90% Assertive Strategy (9% target net return)"

The pricing listed above is actually for our Fully Managed accounts, which is not a service offered by Blue Vestment or Lending Robot.  Our self directed accounts, which is more comparable to LR and BV, are billed quarterly at 0.45% on the average daily value of the capital we manage (which includes notes invested in by NSR Platform and idle cash).



NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL