My account funding finally cleared today. Yea!
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=3696693I 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?
Modest revolving balance. 5 year loan. Relatively lower interest rate (not as high a chance for a big win).
Maybe the title "cons" is scaring people off. I mean, you hope it's short for consolidation, but...
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.
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.
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.