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I
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OP: July 18, 2013, 11:00:00 PM
My account funding finally cleared today.  Yea!  ;D
So I've finally started buying some notes based on some basic criteria from the research I've done over the past week.
Here's one I bought:  https://www.lendingclub.com/browse/loanDetail.action?loan_id=3696693
I know it was only applied for this morning, but why does it only have $425 of funding so far?  All the other notes in my portfolio seem to be getting funded at a much faster pace. 
Is there something unappealing about this loan?
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b
  • Posts: 152
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#1: July 18, 2013, 11:00:00 PM
Modest revolving balance. 5 year loan. Relatively lower interest rate (not as high a chance for a big win).
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T
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#2: July 18, 2013, 11:00:00 PM
Maybe the title "cons" is scaring people off. I mean, you hope it's short for consolidation, but...
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L
  • Posts: 38
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#3: July 18, 2013, 11:00:00 PM
Just a low interest rate on the loan. There's nothing wrong with the loan itself which seems reasonably high quality. Personally, I don't do any loans with <13% interest rate, but I have a high risk appetite.
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G

GS

  • Posts: 87
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#4: July 18, 2013, 11:00:00 PM
It looks like a good safe note to me.  It's in my Filter, and it meets my manual payment/income check, so I'd buy it.

It's the best C-D-E-Fs that fund quickly, the good A-B notes tend to hang around a while.
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T
  • Posts: 6588
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#5: July 18, 2013, 11:00:00 PM
Thanks for the replies.  I just wanted to make sure I wasn't missing some big red flag.
Just seemed strange to me that similar looking loans had 10x the funding in less time.  ???

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R
  • Posts: 114
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#6: July 18, 2013, 11:00:00 PM
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