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Messages - Kombinator

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Investors - LC / End of Month bulk Charge Off pattern: Why?
« on: October 31, 2016, 11:00:00 PM »
It seems that few months ago LC has implemented a charge off policy where the loans are mostly charged off at the end of the month, as opposed to normal as they come pattern.  Has anyone else noticed this, and any thoughts on why they are doing it? Also, it seems that the bulk charge off catches loans that are not in default status but ranges even into 16-30 days late...pretty frustrating in estimating returns and CF...
Foliofn - LC / New Folio API: Thoughts, comments etc?
« on: November 04, 2015, 12:00:00 AM »
Apparently there is a new API that allows to automate Folio directly

Has anyone taken a look at it yet, and any thoughts about usability, features, issues etc?
Investors - LC / Updates to your Lending Club data
« on: October 06, 2015, 11:00:00 PM »
Interesting, these are de facto safer as both are separately and jointly liable for the loan...interesting to see if the joint means jst family members, or in fact allow for other cosigners?
Investors - LC / Updates to your Lending Club data
« on: September 26, 2015, 11:00:00 PM »
So what are the 4 new columns / fields they are adding?
Investors - LC / Banks Entering P2P Lending
« on: July 23, 2015, 11:00:00 PM »
Interesting, would like to now this too
General P2P Lending Discussion / Bondora?
« on: July 23, 2015, 11:00:00 PM »
Fred, interesting, thanks for sharing, would love to hear how it goes for you.  BTW, on the subject of gettign a European EURO denominated account, once yu do, if you could share the hoops to jump through would be much appreciated.
Investors - P / No 12 PM release on Prosper today?
« on: May 13, 2015, 11:00:00 PM »
Seems Prosper decided to skip the noon release without any notice...anyone know what the story is?
General Lending Club Discussion /
« on: April 21, 2015, 11:00:00 PM »
That is actually excellent news, I look forward to being able to start buying small business loans via LC when they make this available, this is a great channel for it.
Investors - LC / New Feature: "Multiple Dates" on Loan Payment History
« on: April 20, 2015, 11:00:00 PM »
Yep, saw this feature, not quite sure how useful this is or what to do with it yet...any thoughts?
General P2P Lending Discussion / Luxembourg notes
« on: April 19, 2015, 11:00:00 PM »
This is interesting, and a good development, would love to get more info on the note as well, would be interesting to follow this
Investors - LC / API - (503) Server Unavailable
« on: April 09, 2015, 11:00:00 PM »
Saw the error as well, crashed my reporting and loan submission, need to improve the error handling around this.

Do you guys have a list of other errors you have seen from the servers, and possible error handling ideas, would be quite helpful if you are able and willing to share.
Investors - LC / Lack of payment data in LC API
« on: March 19, 2015, 11:00:00 PM »
Just wanted to note that it is a bit strange that LC explicitly does not provide a value of monthly installment for each loan in its API.  sure it is fairly easily derived from installment field and proportion of loan you hold, but why make the investors jump through little extra hoops?
General P2P Lending Discussion / Speed of New Funds Deployment
« on: March 18, 2015, 11:00:00 PM »
Broadly speaking your notes invested but not issued will hover at about 35% for higher grades.  So keep that in mind when planning your deployment.  also take into account that there is pre-payment going on on loans you already funded, as well as regular CF, so that will add to your funds idle build up as well.

If your system is fast enough to grab all the loans you want in time, you can expect to see about 200 decent loans in a month out of which 140 will fund, so at $50 clip, the estimate above is correct.
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