I'll see if I still have them.  A buddy has done the same thing and he may have the documentation, since he actually emailed GroundFloor about it.  He works in banking and has stopped investing in the platform due to the experience and response.

In his case, the updates on the file were something like "Landscaping complete, renovation mostly complete, everything A-Okay!"  But if you drove past the property, the building looked rough with a yard that wasn't mowed - almost looked abandoned.  It was clear there was no landscaping or renovation happening, in contradiction to their notes.  When he tried to post in the Facebook Groundfloor group, the mods prevented the post from going through.  When he contacted the help line, they basically said "thanks for bringing to our attention we will look into this".  They continued to update the progress on the real estate, but passing by the property showed those updates weren't visible.  I think the loan eventually did default, but I can't recall.  This was a year or so ago.  If I find details, I'll let you know.

If you wanted to beat stock returns using consumer debt, that was never a winning beta unless you planned to use leverage.   I am happy with my Lending Club performance, but I used it instead of bonds

I was thinking the same thing.  I was like 500 posts?  I'm pretty sure that is low

test test test

My account just recently got to the point where it rounds to zero.  LendingClub was a great ride,  but since I never used it in a tax advantaged account that spike in losses a few years back made it tax inefficient quicker than I expected.  Plus returns have come down a lot vs. the days where I could sell notes before they missed their payments   I miss my virtually risk free profits.  It was a fun ride!  The notes I bought during the LC scandal on the secondary market performed extremely well.  For those sticking around, this may be a similar situation - buy those severely distressed notes   If I didn't have prior commitments for my capital, I'd probably be funding up a small LC account for one last hurrah.

The portfolio I manage for my parents continues to do well.  But they've always been in the low grade notes.  I used to constantly warn some extreme people on this board about the risk they were taking with those high grade notes.  Several years later, most left because they complained about their returns and those charge offs    Who could have seen chasing yield ending badly?

If it makes you feel any better, the hardship equivalent loans we've been making at my employer are performing quite well. So hopefully it won't be an expensive mistake

One thing banks do in crisis is shrink assets. This keeps capital ratios strong. So I am not surprised they don't want to grow a bunch in consumer loans, but the drop is quite amazing