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Messages - SeanMCA

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I think it depends on what the platform's controls are. If you are a single member LLC, I am guessing that an out-of-state LLC is not going to make you statutorily eligible.
I have like a thousand bucks left in my Lending Club account and I see all the alerts from them to convert those funds into their "high yield" founders savings account at .75% APR. Such yield! But I am curious if anyone else is using Lending Club as a bank.
Investors - LC / The wind-down
« on: July 02, 2021, 12:55:31 PM »
Overall, on the riskier side for sure.

A: 13.5%
B: 10.5%
C: 23.0%
D: 21.6%
E: 18.8%
F: 7.1%
G: 5.5%
Investors - LC / The wind-down
« on: June 15, 2021, 01:16:24 PM »
I'm down to 88 active notes left on my Lending Club portfolio.  Would have been much much better off in the S&P 500 unfortunately, but it was still a worthwhile experience.

I opened my account in January 2014.
Suggestions / avatar not
« on: June 14, 2021, 10:03:07 PM »
Should be fixed now!
Off Topic / A lot of the timestamps are coming back
« on: June 12, 2021, 08:51:34 PM »
We've recovered 90% of the timestamps, at least down to the day. We're still missing a significant number of posts but that's being worked on.
Investors - LC / Re: RIP Lendingclub Notes
« on: June 12, 2021, 12:46:21 PM »
Does anybody still have any notes that are still paying off? I still have a couple dozen left.
Off Topic / I love online lending
« on: June 12, 2021, 09:35:31 AM »
Online lending is the best!
Suggestions / Testing it out
« on: June 12, 2021, 09:34:45 AM »
Testing this out. If there's anyone out there reading this, we're working on restoring the forum. Thanks!
Does anyone have a copy of a 2018-era investor presentation? The most recent one I have is from DLI is from early 2017.
Introductions /
« on: March 19, 2019, 11:00:00 PM »
I put money into StreetShares almost 3 years ago and pulled the money back out almost immediately when I saw obvious and glaring red flags. Caveat Emptor.
Investors - LC / Credit for Ineligible Loan
« on: December 31, 1969, 07:00:00 PM »
I got a $0 credit for an ineligible loan as well. I haven't even purchased any notes in over 2 years.
Investors - LC / Worst Month Yet
« on: January 07, 2018, 12:00:00 AM »
I finished with a negative return for the year on Both Lending Club and Prosper. Just terrible.
Investors - LC / Dear LC
« on: December 03, 2017, 12:00:00 AM »
They're back to advertising how it's virtually impossible to lose money again.

Of course the buried footnote says that doesn't include F or G notes. I guess since they just stopped offering those notes, they think it's ok to pretend previous losses to investors never happened. It's misleading at best but I think it's more securities fraud than anything else. Lending Club's management has been made up of just the worst kind of people.
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