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Messages - sigclem

Investors - LC / Is LendingClub Broken?
« on: June 05, 2016, 11:00:00 PM »
The question I am not seeing answered is what happens to the thousands of borrowers who just say screw it and don't wait for 30 days for LendingClub to list their loan.  They are likely gone forever.  The most profitable borrowers for LendingClub are the repeat borrowers.  I would also imagine they are the least risky in most cases, if they have paid off a loan and shown an ability to repay. 

I would actually argue they should be taking some of their $850M in cash and funding a ton of loans if they need to.  The cost of acquiring a customer is significant.  These customers who don't wait for 30 days for their loan to be listed will have had a terrible experience and be gone forever.

I think the next 30 days are make or break for LendingClub, and for those of you who have had success earning a return on your investment buying notes.  Discover Personal Loans or SoFi, or any others with adequate capital, will end LendingClub if they don't quickly figure out how to fund their backlog of loans.
Borrowers - LC / Looking for loan: 79081728
« on: May 26, 2016, 11:00:00 PM »
A relative received an invite to apply, and received a Direct Pay loan approval (directly paid to creditors).  I have looked and I can't seem to find it as listed anywhere.  Is this because of the recent issues with funding at Lending Club?

Any insight from investors who can see it would be great.  Lending Club is telling her she is fully approved and I am telling her to hold off on counting her chickens because I don't see the loan.