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Messages - Peter

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Investors - LC / RIP Lendingclub Notes
« on: October 06, 2020, 11:00:00 PM »
I'm an old-timer, but, back in the day, some loan listings on LC/P would show up as "withdrawn" by borrowers when the platforms (or investors) didn't have enough capital on hand to fund them or when the borrower failed a pre-disbursement ID or income verification - can't remember timeframe specificity of when the platforms pivoted away from individual investors / started using their balance sheet - though do remember some hubbub about that noise in the data, most of which turned out, I believe, to be due to ID/income checking, which happened temporally *after* the loans were "funded" (much markovian state-transition fun, trying to figure those listings out in order to avoid tied up capital in loans which were "unlikely to originate")...

Only happened on one retail card, but I had two from that issuer.  $15k limit chopped down to $1024 - which is odd, in itself - back in April or so... (My last PIF on it was >$4k, FICO always north of 800).

Someone at Synchrony doesn't know shit about credit algorithms and went nutso slash and burn on a good customer + SYF shareholder.

(Maybe all of that Amazon card exposure, when Amazon was the only retail store open in the whole country, made them really nervous.)

Chase is the other issuer for Amazon, so that might explain yours, too, Rob.
Suggestions / Apologies for the Forum being offline
« on: June 16, 2020, 11:00:00 PM »
Hi everyone,

We have had some issues over the last week but these have now been resolved. I apologize the site was down for so long but we should be good to go now.

Thanks, Peter
Off Topic / How to write interesting texts?
« on: April 29, 2020, 11:00:00 PM »
My turn-ons include:

- people who know the difference between "literally" and "figuratively" (and don't use literally to mean figuratively)

- people who answer their phones and can have a conversation without needing to resort to flat two-dimensionality

- people who retain some sense of their own humanity and do not believe that they're just an algorithm or formula

- revisiting my old hobby forums to gad about and see what happens with loan performance / underwriting models
Off Topic / Cash Parking
« on: February 28, 2019, 12:00:00 AM »
Well, in light of DLI exploding, here's a safety play:

3% APY FDIC-insured savings (6 month intro rate).

$100k min. deposit, but FDIC-insured to $250k. :)
I think you have lost the interest of most people by including a link to "Movies Series World" which has nothing to do with P2P. Most people here already are using automated investing options.
Off Topic / Cash Parking
« on: December 14, 2018, 12:00:00 AM »
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