P2P Lending / NFT Lending Forum

I understand that the suspension of trading on LC's secondary market can be frustrating.
Please be assured that we spent literally months developing this, and the decision to suspend it wasn't taken lightly.

Unfortunately, at this stage, even constantly re-submitting orders with tens of servers, the service still did not perform as we'd like.
Hopefully in the future submitting orders will be cheaper/faster/more efficient and we'll be able to resume this feature, but we can't commit on a date for the moment being.

As a reminder, LendingRobot never charged anything for selling LC notes.

https://forum.lendacademy.com/index.php?topic=4441.msg40859#msg88888888Quote"> from: mrwhizzard on May 10, 2017, 01:15:17 PM

https://forum.lendacademy.com/index.php?topic=4306.msg39832#msg88888888Quote"> from: apc3161 on February 21, 2017, 10:22:53 AM

We've done some database maintenance that brought the website to a halt.
Sorry for that, everything is back to normal now.

Still, you could automate the selling of loans going bad.

https://forum.lendacademy.com/index.php?topic=4128.msg38242#msg88888888Quote"> from: Fred93 on October 26, 2016, 06:47:14 AM

https://forum.lendacademy.com/index.php?topic=4062.msg37522#msg88888888Quote"> from: jennrod12 on September 09, 2016, 07:22:57 PM

Interesting idea.

However, be aware that many businesses tried to articulate lending between friends, but all had to pivot or close doors...
If the people know each other enough (e.g. close family members), they don't need a marketplace. If they're not close enough, up to Anil's point, they don't want to tell they're in financial distress.

On top of that, lending money to 'friends' doesn't work, because you can't force getting your money back without tainting the relationship. That's why lending is best when with strangers. One could go as far as considering that's why we pay intermediaries like banks: so it's not 'our fault' if they're ruthless in getting the money back.

https://forum.lendacademy.com/index.php?topic=4065.msg37332#msg88888888Quote"> from: jennrod12 on August 23, 2016, 06:04:37 PM

https://forum.lendacademy.com/index.php?topic=4064.msg37282#msg88888888Quote"> from: rj2 on August 20, 2016, 03:31:58 PM

You can see the real-time funding of the loans in the latest LC batch on https://www.lendingrobot.com/#/resources/latest/LC/" class="bbc_link" target="_blank">https://www.lendingrobot.com/#/resources/latest/LC/

For instance, on the 10 AM loans release, out of 29 loans, only 7 are still available...

If you're invited to LendingRobot, you start with $10,000 managed for free instead of the usual $5,000.

Please take note that the people inviting do not get an extra $5,000 managed for free for each new invitee anymore. We had to cancel this for regulatory reasons (the SEC considered it to be solicitation).

Well diagnosed, it was a fluke on our part, as we're improving the way we calculate expected returns.

Sorry for the scare!

Or why a conservative portfolio is not necessarily made up of only conservative loan grades...

http://blog.lendingrobot.com/research/choosing-loans-with-monte-carlo-diversification-part-2/" class="bbc_link" target="_blank">http://blog.lendingrobot.com/research/choosing-loans-with-monte-carlo-diversification-part-2/

Charged-offs appear stable: http://blog.lendingrobot.com/industry/a-review-of-lending-club-defaults/" class="bbc_link" target="_blank">http://blog.lendingrobot.com/industry/a-review-of-lending-club-defaults/