P2P Lending / NFT Lending Forum

Lending Club Discussion => Investors - LC => Topic started by: Joleran on November 06, 2013, 11:00:00 PM

Title: FolioFN and Payments Recieved
Post by: Joleran on November 06, 2013, 11:00:00 PM
OK, yep, I just had notes cancel, including one that was supposed to be settling today and just started processing today.  This sucks.

Ugh, another one I had cancel is on a payment plan for the 18th, but since it's "Processing" I guess it can't go up there.  Really, really, frustrating change.

These were both going to settle fine and normal tonight, as in someone already bought them.  Now we're both going home sad.
Title: FolioFN and Payments Recieved
Post by: TravelingPennies on November 06, 2013, 11:00:00 PM
Could this mean that payments being posted (as in a grace period or late note that just posts a payment out of nowhere via check) no longer cancels the sale?

It definitely means that you need to close the sale at least two days before the payment would start processing, or you'll get caught up in their ridiculous canceling system.
Title: FolioFN and Payments Recieved
Post by: Bohb Daishi on November 07, 2013, 11:00:00 PM
Quote"> from: core on November 07, 2013, 08:43:32 AM
Title: FolioFN and Payments Recieved
Post by: core on November 07, 2013, 11:00:00 PM
from: Bohb Daishi on November 08, 2013, 02:45:25 AM
Title: FolioFN and Payments Recieved
Post by: TravelingPennies on November 07, 2013, 11:00:00 PM
from: core on November 08, 2013, 03:05:11 AM
Title: FolioFN and Payments Recieved
Post by: TravelingPennies on November 07, 2013, 11:00:00 PM
from: core on November 08, 2013, 03:05:11 AM
Title: FolioFN and Payments Recieved
Post by: TravelingPennies on November 07, 2013, 11:00:00 PM
from: Bohb Daishi on November 08, 2013, 04:32:52 AM
Title: FolioFN and Payments Recieved
Post by: rawraw on November 07, 2013, 11:00:00 PM
The 70/70 rule is for LC.  But some states require it.
Title: FolioFN and Payments Recieved
Post by: jinglander on November 10, 2013, 11:00:00 PM
Quote"> from: Joleran on November 07, 2013, 10:06:38 AM