P2P Lending / NFT Lending Forum

https://forum.lendacademy.com/index.php?topic=3038.msg27520#msg27520">Quote"> from: jpildis on February 12, 2015, 04:53:05 PM

Is this possible? Can one open a business solely for one's own investments into  Prosper's or LC's notes? I am most interested in it for the tax breaks. Does anyone have some insight on this?

Nope. I believe it's designed to help sway those away from their self-established criteria. I think it works for Prosper, and especially for the newer investors.

I don't even look at them, and at times I find myself investing in one without even knowing it.

For convenience purposes mostly, a section that displays your "gain/loss to date" for the current monthly statement would be nice. I know I could look at my last statement and do the math, but it would be convenient and even motivating (MAYBE) if I see my gains increase throughout the month. I believe this was in place in the old days, but I am not 100% on that.

This might be totally irrelevant to some, but for me someone with only 200+ notes with a wide range of different amounts in each note, it would be nice to know what loans your most recent payments came from. With my larger notes, I like to know who is doubling up payments or just paying fast in general in order to prepare to re-deploy those funds into other worthy notes. At times, I find myself not logging in because I am not expecting any big payments coming in, but to my surprise somebody is paying early, double, etc.

For collections, I think a section for comments to be uploaded for collectors would be nice. I for one would like to at least know that collectors are actively engaging with the borrowers to collect unpaid balances. No privacy details have to be listed, but at least a simple call log that displays if contact was made or not. I don't know if there is any legal challenges to that.

My math gurus can check me on this, but would a "current ROI as of today" section be feasible? For us that are not the most savvy with numbers, statistics etc., it would be nice to have at least a ESTIMATED ROI of our portfolio that updates daily automatically.  I know there are websites that provide our profile with those numbers, but for one they differ from each other in my case, and for two, not everyone is up to speed with all those third-party sites.

Just a few suggestions that are entirely necessary, but they would add to the platform as a whole.

Thanks.

Would a smartphone application be too costly to develop? With loans going quickly these days, I find myself not by a computer to log in before the good loans get snatched up. The mobile browser is ok, but an app would make things much easier and quicker. Just a thought.