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Author Topic: Lending Club Sells Out of Loans

J
  • Posts: 47
Lending Club Sells Out of Loans
OP: August 22, 2013, 11:00:00 PM
As I write this, there are 8 loans total on Lending Club.  5 are over 90% funded.  Will LC sell out tonight?  It seems likely!

edit: Lending Club sold out of all loans on its platform early morning on 8/24/2013!  However, it looks like there may have been a technical glitch as a number of loans appeared later that morning that were known to have been previously listed.
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b
  • Posts: 152
Lending Club Sells Out of Loans
#1: August 22, 2013, 11:00:00 PM
6 loans left, including whole loans!
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T
  • Posts: 6588
Lending Club Sells Out of Loans
#2: August 22, 2013, 11:00:00 PM
Down to 4!
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c
  • Posts: 227
Lending Club Sells Out of Loans
#3: August 22, 2013, 11:00:00 PM
Dog Eats All Kibble in Food Dish - Owners are shocked

Someone paste in the error message they display when the loans are gone so we have it for posterity.
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T
  • Posts: 6588
Lending Club Sells Out of Loans
#4: August 22, 2013, 11:00:00 PM
One slightly odd thing is the dog of the bunch, "Dela", at 50% funded.

https://www.lendingclub.com/browse/loanDetail.action?loan_id=6809893&previous=browse

It's nothing amazing, and I only invest in C4-G, but it doesn't look incredibly horrible.  I'm surprised it's not further along.
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c

cfb

  • Posts: 33
Lending Club Sells Out of Loans
#5: August 22, 2013, 11:00:00 PM
There was one for 'sheep venture', listed as a small business.  I wish you could ask specific questions. :)
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T
  • Posts: 6588
Lending Club Sells Out of Loans
#6: August 22, 2013, 11:00:00 PM
I liked the one earlier this evening that had a monthly reported income of over $500k.  No way that's making it through review, but it fully funded unless it was pulled, which I didn't think happened.
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T
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Lending Club Sells Out of Loans
#8: August 22, 2013, 11:00:00 PM
2 left.
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D
  • Posts: 103
Lending Club Sells Out of Loans
#9: August 22, 2013, 11:00:00 PM
Ok, I know you guys have been waiting for this so I will make you wait no longer.

I am officially sanctioning the temporary use of the term "extreme difficulty"............but just like storm warnings, please check back as the warning may be lifted at any time.  :)
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T
  • Posts: 6588
Lending Club Sells Out of Loans
#10: August 22, 2013, 11:00:00 PM
And then there was one.  I almost want to invest in it just to help it along.

DanB, I'm brand new here, are you referring to the ability of individual investors to get the loans they want?
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T
  • Posts: 6588
Lending Club Sells Out of Loans
#11: August 22, 2013, 11:00:00 PM
How much left of that 1 note?

Dan, better get a camera crew out to that sheep venture.  Might be your only chance to make some money now given the extreme difficulty of finding notes.
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T
  • Posts: 6588
Lending Club Sells Out of Loans
#12: August 22, 2013, 11:00:00 PM
It's the one linked above, $3500 to go.
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T
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Lending Club Sells Out of Loans
#13: August 22, 2013, 11:00:00 PM
Just for the hell of it, in case it doesn't get funded by 6 am tomorrow.

[attachment deleted by admin]
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T
  • Posts: 6588
Lending Club Sells Out of Loans
#14: August 22, 2013, 11:00:00 PM
Geeze, that retina display resolution really shows on a screenshot. Sorry about that.
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