Hello,
I haven't been here in a while, and I took a quick look around to help ensure I wasn't duplicating threads, but does anyone know what note collections will look like now that the announcement and subsequent halting of the Notes platform is here?
If I were a borrower, I would see this as a green-light to default. Has Lending Club said anything about this? Do they have a commitment to maintain their ongoing collections activity?
I'll admit their collections never seemed that impressive in the first place, but my default rates have taken a turn for the worse recently.
I know I look like Scroogey McScroogeface in the face of the pandemic and unemployment, but I still have a big junk of my retirement with Lending Club IRAs that haven't wound down yet.
Thanks.
I haven't been here in a while, and I took a quick look around to help ensure I wasn't duplicating threads, but does anyone know what note collections will look like now that the announcement and subsequent halting of the Notes platform is here?
If I were a borrower, I would see this as a green-light to default. Has Lending Club said anything about this? Do they have a commitment to maintain their ongoing collections activity?
I'll admit their collections never seemed that impressive in the first place, but my default rates have taken a turn for the worse recently.
I know I look like Scroogey McScroogeface in the face of the pandemic and unemployment, but I still have a big junk of my retirement with Lending Club IRAs that haven't wound down yet.
Thanks.