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Topics - Peter

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Off Topic / Breakup with girlfriend
« on: January 15, 2021, 12:00:00 AM »
Hello guys, I have an unordinary question. I'm in my first relationship for a few months, but I'm already tired of her and I don't know what to do and what I can tell in order not to hurt her. Can smb experienced help me with that?
General Lending Club Discussion / Short Squeeze or the Real Deal?
« on: December 01, 2020, 12:00:00 AM »
LC stock has been on a tear since putting in an opening low on 10/29 of $4.42. It was the third time it tested lows in that area.
They announced earnings after the close on 11/4. The stock had moved upwards to $5.55 into the close before earnings were announced.
The day after earnings were announced (11/5 Thursday) the stock was essentially unchanged on very heavy volume.
The next day 11/6 it was hammered back down to $4.99.
Before the open on Monday 11/9 Pfizer announced terrific results of their clinical vaccine trials and everything went up, including LC to $5.60
Things went sideways until 11/18 when LC soared up inexplicably on very heavy volume to close at $6.53.
On 11/20 it closed above its 200 day simple moving average $6.50.
It's been more or less straight up since then and LC closed today at $8.22 on heavy volume, up 86% from the low cited earlier.
However, closing at the low of the day today that saw a high of $8.68 should make tomorrow interesting. I have found absolutely no explanative LC news.
The message is either shorting in a bull market is dangerous or LC has better prospects ahead?
For the record I am neither short nor long, just an interested bystander.

Investors - LC /
« on: November 21, 2020, 12:00:00 AM »
Crickets are overtaking the forum.  For those of you still checking in periodically, what's next for you?
Introductions / Hello Everyone
« on: November 20, 2020, 12:00:00 AM »
Hello Everyone, I am new this forum
Pocket Money Wallet Peer to Peer Lending

Pockey Money Wallet launched a new peer to peer lending platform generally available for sub Saharan African Markets.

So if anyone is interested in lending to this market please let us know
Introductions / Hey guys
« on: November 06, 2020, 12:00:00 AM »
hey guys, my name is David and I hope that I will enjoy being on this forum
Investors - P / Good Returns on Prosper?
« on: November 02, 2020, 12:00:00 AM »
I am trying to decide if I should invest on Prosper, since LC will close down its retail channel. What do the NARs (and seasoned NARs) look like for y'all?
Investors - LC / Collections when the Notes platform is discontinued
« on: October 17, 2020, 11:00:00 PM »

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.

Suggestions / Certificate Expiration
« on: October 15, 2020, 11:00:00 PM »
Is Lend Academy going to renew their Certificate? It just expired today (Oct 16,2020)
Investors - LC / Is the API Done?
« on: October 15, 2020, 11:00:00 PM »
My REST API procedures are getting the "Forbidden" response as of today.  Have they shut this down, too?  Anybody else have it still working?
Investors - P / Expect Increased Supply of Notes
« on: October 11, 2020, 11:00:00 PM »
From Prosper:

In light of recent news that LendingClub is closing its Notes platform effective December 31, 2020, we want to reassure you that Prosper remains committed to growing its retail Notes offering.

We know many of you invest on both Prosper and LendingClub's platforms. We always aim to match the supply of Prosper Notes available for investment with investor demand, and are prepared to increase the supply of Notes in response to additional inflows as investors re-allocate across platforms.
Investors - LC / Delayed charge off
« on: October 10, 2020, 11:00:00 PM »
Here's an interesting note that just popped up on my September statement.  Had only one charge off.  Interestingly according to the note, it was charged off 5/28/20 and yet it finally appears on my September statement?  What gives LC?

And I'm sure many of you had the issue that I've experienced that notes were listed as current, NOT on hardship plans, AND the last payment was 2-3 months ago.  When I called LC about it, they were aware of the "technical issue" and had a team working on it with no anticipated resolution date.
Investors - LC /
« on: October 08, 2020, 11:00:00 PM »
Lending Club has told us they will soon announce a special "a high-yield savings account exclusively available to our Notes investors".  What an opportunity! 

They have not yet said what the interest rate on this special high-yield account will be. 

Would you like to guess?  Place your bets gentlemen.  Pick the answer closest to your guess.
Investors - LC / Post-News IRA Strategy
« on: October 07, 2020, 11:00:00 PM »
Like many of you, I still have an active LC IRA through Strata. With the news that LC is closing their retail investment platform at the end the year, I'm curious if there are thoughts with regard to the best way to handle the situation.

With the secondary market already closed, I know there is no longer a way to quickly liquidate the account, so I'm concerned that we will continue to be charged the annual strata account fee while we endure the painful process of watching the loan value dwindle for the next 3-5 years.

Are people planning on continuing with strata (just using other investment vehicles)? For those of us intending to transfer the funds to another IRA, is there a good transfer strategy that minimizes fees?

Love to hear peoples thoughts/strategies. TIA   
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