Skip to main content

Author Topic: How long are loans "In Funding"

  • ***
  • Full Member
  • Posts: 105

  • Posts: 6588
How long are loans "In Funding"
#1: September 30, 2014, 11:00:00 PM
  • IP logged

  • Posts: 30
How long are loans "In Funding"
#2: October 01, 2014, 11:00:00 PM
Tuesday (2 days ago, Sept 30) I was sitting on about 120 fully funded notes "In Review" at LC (between 2 accounts).  Most of them had been fully funded for 1 to 3 weeks.  Between today (Oct 2) and yesterday (Oct 1) about half those notes finally issued.  I'm in my fourth year now with LC, and this has been a practice for quite some time.  They hold notes at the end of the month to pad the next months numbers so their flow charts look pretty.  I don't like this practice, a lot of money gets tied up, earning nothing, far longer than it should.  I just filled out a LC survey they sent me and in the comment section I complained about this practice.  That said, I have little else to complain about with LC since they seem to be doing everything else right for me.  Prosper on the other hand, has been terrible for me.  I've been draining my funds there over the last 6 months and putting them to work at LC.  After 3 years with them, I'm done.  Today I can't even get into my Prosper account for some reason (who knows why), and the web site has been an ongoing frustrating experience for me, slower than molasses, frequent missing money, and pages that routinely take 30 - 60 seconds to load - but that's a whole other story......     
  • IP logged