P2P Lending / NFT Lending Forum

Hello everyone,

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

Update as of 06.11.19

My Notes at-a-Glance      479

Not Yet Issued                    5
Issued & Current             387
In Grace Period                   0
Fully Paid                           67
Late 16-30                          0
Late 31-120 Days                6

Charged Off                         14


Adjusted Net Annualized Return   5.68%
Net Annualized Return                 11.66%
Weighted Average Age of Portfolio  10.8 months

My notes by grade are:

A  14.5%
B  65.3%
C  11.6%
D  6.8%
E   1.8%

I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 69.1/82.

I don't work for LC picks nor am I family member or something.  I just wanted to be transparent about how I make my choices.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

Update as of 08.03.19

My Notes at-a-Glance      525

Not Yet Issued                    7
Issued & Current             412
In Grace Period                   2
Fully Paid                           81
Late 16-30                          0
Late 31-120 Days                4

Charged Off                         19


Adjusted Net Annualized Return   5.63%
Net Annualized Return                 11.70%
Weighted Average Age of Portfolio  11.6 months

My notes by grade are:

A  14.2%
B  65.0%
C  12.80%
D  6.4%
E   1.6%

I  might be the only person on this forum that is happy with my Lending Club account. I think I came in after the the blood bath that a lot of you talk about. 

I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 68.8/82.

I don't work for LC picks nor am I family member or something.  I just wanted to be transparent about how I make my choices.

Thanks again for all who helped out in the past.

from: JDII on August 03, 2019, 01:54:25 PM

Quote

Also still here. Not posting as regular as before. And have been liquidating my taxable account down to a level where I can deduct all of my losses instead of building up future carryovers. But still reinvesting in my Roth IRA account though I have stopped adding more each year.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

Update as of 11.09.19

My Notes at-a-Glance      613

Not Yet Issued                    4
Issued & Current                 465
In Grace Period                   2
Fully Paid                           112
Late 16-30                          1
Late 31-120 Days                7

Charged Off                         22


Adjusted Net Annualized Return      5.99%
Net Annualized Return                   11.78%
Weighted Average Age of Portfolio  12.9 months

My notes by grade are:

A  16.15%
B  61.17%
C  15.17%
D  6.36%
E   1.14%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 68.2/82.

Thanks again for all who helped out in the past.

from: JDII on November 09, 2019, 02:02:07 PM

from: Fred93 on November 09, 2019, 03:56:51 PM

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

Update as of 12.07.19

My Notes at-a-Glance      634

Not Yet Issued                    3
Issued & Current                 478
In Grace Period                   4
Fully Paid                           117
Late 16-30                         10
Late 31-120 Days                9
Default
Charged Off                         22


Adjusted Net Annualized Return      6.04%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  13.4 months

My notes by grade are:

A  13.50%
B  65.60%
C  14.70%
D  4.90%
E   1.40%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 68.1/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.

Update as of 12.31.19

My Notes at-a-Glance      663

Not Yet Issued                    12
Issued & Current                 488
In Grace Period                   6
Fully Paid                           123
Late 16-30                         1
Late 31-120 Days               8
Default                               2
Charged Off                        22


Adjusted Net Annualized Return      6.08%
Net Annualized Return                   11.74%
Weighted Average Age of Portfolio  13.8 months

My notes by grade are:

A  15.70%
B  64.34%
C  14.10%
D  4.60%
E   1.30%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 67.8/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.

Update as of 02.04.20

My Notes at-a-Glance      697

Not Yet Issued                     6
Issued & Current                  513
In Grace Period                    2
Fully Paid                            137
Late 16-30                          2
Late 31-120 Days                9
Default                               0
Charged Off                        28


Adjusted Net Annualized Return      6.05%
Net Annualized Return                   11.75%
Weighted Average Age of Portfolio  14.1 months

My notes by grade are:

A  16.10%
B  64.30%
C  13.40%
D  5.00%
E   1.30%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 67.6/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.

Update as of 03.05.20

My Notes at-a-Glance      729

Not Yet Issued                     6
Issued & Current                  532
In Grace Period                    4
Fully Paid                            146
Late 16-30                          2
Late 31-120 Days                10
Default                               1
Charged Off                        28


Adjusted Net Annualized Return      6.02%
Net Annualized Return                   11.73%
Weighted Average Age of Portfolio  14.5 months

My notes by grade are:

A  15.80%
B  65.60%
C  12.60%
D  4.70%
E   1.20%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 67.4/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.

Update as of 04.15.20

My Notes at-a-Glance         754

Not Yet Issued                     4
Issued & Current                  553
In Grace Period                    3
Fully Paid                            152
Late 16-30                          1
Late 31-120 Days                7
Default                               2
Charged Off                        31
Canceled                            1


Adjusted Net Annualized Return      6.72%
Net Annualized Return                   11.72%
Weighted Average Age of Portfolio  15.3 months

My notes by grade are:

A  17.50%
B  63.80%
C  12.90%
D  4.60%
E   1.20%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 67.3/82.

Thanks again for all who helped out in the past.
Modify message

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.

Update as of 05.03.20

My Notes at-a-Glance         773

Not Yet Issued                     4
Issued & Current                  568
In Grace Period                    3
Fully Paid                            156
Late 16-30                          0
Late 31-120 Days                5
Default                               0
Charged Off                        36
Canceled                            1


Adjusted Net Annualized Return      6.98%
Net Annualized Return                   11.74%
Weighted Average Age of Portfolio  15.5 months

My notes by grade are:

A  19.10%
B  62.20%
C  13.10%
D  4.40%
E   1.20%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 67.2/82.

Thanks again for all who helped out in the past.

Hello, JDII--

I notice that your NAR has risen by almost a percentage point over the last couple months, despite the dramatic downturn in the economy. As noted in another thread, this discrepancy can likely be explained by the fact that LC continues to class as Current many notes that are actually no longer being paid.

Have you checked to see how many of your "Current" notes are on Hardship Plan?
--Jim

Quote

Quote

Quote

Here is my findings about the notes in the status of hardship plan/deferred payment. LC allows me to list such notes on the page of "Folio - Sell Notes". However,  after I tried listing such notes for sale,

  - they show up on the page of "Folio - My Account - Open Sell Orders"
  - but, they don't actually shown up on the page of "Folio - Browse Notes".

So, this looks good news to folio buyers (avoid mistakenly buying such notes with inappropriate discount) and bad news to folio sellers (limitation to liquidate such notes at appropriate discount.)

Regardless, I think Lending Club should have made it a transparent process. However, they just disappointed me one more time.

I have experienced the exact same thing.  "Supposedly marketable" since you can "list" it, but they won't list them as if they are in default.  If you can list a note 30-120 late, but not hardship, something is W-R-O-N-G.  No way around it.  Dancing around another potential class action by investors?

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 06.01.20

My annualized return on loans that have paid off is 9.50%. 

My Notes at-a-Glance         801

Not Yet Issued                     10
Issued & Current                  576
In Grace Period                    4
Fully Paid                            167
Late 16-30                          0
Late 31-120 Days                3
Default                               1
Charged Off                        38
Canceled                            2


Adjusted Net Annualized Return      7.41%
Net Annualized Return                   11.75%
Weighted Average Age of Portfolio  16.1 months

My notes by grade are:

A  21.30%
B  60.30%
C  13.10%
D  4.10%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 67.1/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 07.04.20

My annualized return on loans that have paid off is 9.47%.

My Notes at-a-Glance         830

Not Yet Issued                    6
Issued & Current                583
In Grace Period                   4
Fully Paid                           191
Late 16-30                         0
Late 31-120 Days               3
Default                               0
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      7.95%
Net Annualized Return                   11.80%
Weighted Average Age of Portfolio  16.5 months

My notes by grade are:

A  22.70%
B  58.90%
C  13.30%
D  4.0%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 67.1/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 08.01.20

My annualized return on loans that have paid off is 9.49%.

My Notes at-a-Glance         855

Not Yet Issued                    4
Issued & Current                593
In Grace Period                   4
Fully Paid                           208
Late 16-30                         0
Late 31-120 Days               3
Default                               0
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      8.72%
Net Annualized Return                   11.86%
Weighted Average Age of Portfolio  16.9 months

My notes by grade are:

A  22.30%
B  60.10%
C  12.90%
D  3.6%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.9/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 08.14.20

My annualized return on loans that have paid off is 9.46%.

My Notes at-a-Glance         864

Not Yet Issued                    4
Issued & Current                599
In Grace Period                   3
Fully Paid                           212
Late 16-30                         0
Late 31-120 Days               3
Default                               0
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      9.03%
Net Annualized Return                   11.85%
Weighted Average Age of Portfolio  17.2 months

My notes by grade are:

A  23.20%
B  59.40%
C  12.80%
D  3.50%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.9/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 08.30.20

My annualized return on loans that have paid off is 9.43%.

My Notes at-a-Glance         874

Not Yet Issued                    5
Issued & Current                602
In Grace Period                   3
Fully Paid                           218
Late 16-30                         0
Late 31-120 Days               2
Default                               1
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      9.41%
Net Annualized Return                   11.82%
Weighted Average Age of Portfolio  17.5 months

My notes by grade are:

A  25.20%
B  57.80%
C  12.40%
D  3.40%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.9/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 09.12.20

My annualized return on loans that have paid off is 9.37%.

My Notes at-a-Glance         886

Not Yet Issued                    2
Issued & Current                604
In Grace Period                   5
Fully Paid                          229
Late 16-30                         0
Late 31-120 Days               2
Default                              0
Charged Off                        42
Canceled                            2


Adjusted Net Annualized Return      9.66%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  17.6 months

My notes by grade are:

A  27.00%
B  56.30%
C  12.20%
D  3.30%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.8/82.

Thanks again for all who helped out in the past.
Modify message

from: JDII on September 12, 2020, 02:24:07 PM

The current chart shows the mass exodus of retail investors. Almost no accounts less than 9 months old.
For perspective a comparison from around 5 years ago. A very different picture.

Quote

Quote

Quote"> from: JDII on September 16, 2020, 11:26:29 AM

Quote

Couple of years ago, I had the same thought that LC will court retail investors when institutions bail and retail investors will come back when they can't find another attractive alternative (fixed income not generating anything, equity market very volatile).

But, I think retail investor wagon will not arrive at the LC station. Neither LC has any interest in bringing them back, they seem to be focused on getting retail funds through other indirect means such as banking, Nor retail investors are interested in tying up funds for 3-5 years without a way to redeem early.

But as you said, we will see.

from: Rob L on September 17, 2020, 10:43:38 AM

from: AnilG on September 18, 2020, 02:41:50 AM

It is clear there are some people who just don't like Lending Club.  I have to wonder why a thread about my returns draws negative responses about past experiences.

Sorry for anyone who got beat up in the past. Maybe if my returns go down I could join the party.

There's no correlation between my well earned low opinion of LC and my desire for you or anyone else to do very well with investments there. These are two separate things. I wish nothing but the best for you and apologize if you were offended. It was not my intent. None of my comments were directed towards you or your investment methodology. My posts were only information for your and others consideration to be dealt with as desired. I enjoy reading your reporting. Since I left LC it's about the only information I see regarding how things are going there.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 09.19.20

My annualized return on loans that have paid off is 9.33%.

My Notes at-a-Glance         891

Not Yet Issued                    1
Issued & Current                604
In Grace Period                   4
Fully Paid                          233
Late 16-30                         2
Late 31-120 Days               1
Default                              1
Charged Off                        42
Canceled                            3


Adjusted Net Annualized Return      9.70%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  17.8 months

My notes by grade are:

A  27.60%
B  55.80%
C  12.20%
D  3.30%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.8/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 09.26.20

My annualized return on loans that have paid off is 9.24%.

My Notes at-a-Glance         899

Not Yet Issued                    7
Issued & Current                603
In Grace Period                   4
Fully Paid                          235
Late 16-30                         3
Late 31-120 Days               1
Default                              1
Charged Off                        42
Canceled                            3


Adjusted Net Annualized Return      9.80%
Net Annualized Return                   11.78%
Weighted Average Age of Portfolio  18.0 months

My notes by grade are:

A  28.60%
B  55.00%
C  12.00%
D  3.30%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.8/82.

Thanks again for all who helped out in the past.

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 10.03.20


My annualized return on loans that have paid off is 9.24%.

My Notes at-a-Glance         903

Not Yet Issued                    1
Issued & Current                602
In Grace Period                   5
Fully Paid                          245
Late 16-30                         2
Late 31-120 Days               2
Default                              0
Charged Off                        43
Canceled                            3


Adjusted Net Annualized Return      9.97%
Net Annualized Return                   11.77%
Weighted Average Age of Portfolio  18.0 months

My notes by grade are:

A  29.00%
B  54.74%
C  12.00%
D  3.30%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.8/82.

Thanks again for all who helped out in the past.