P2P Lending / NFT Lending Forum

I just wanted to post as you have all been so helpful on this journey of almost 10 years. I stopped funding my account a few months ago and now I have made withdraws. I will be  letting things settle out and withdrawing as I go. This month my XIRR return on notes < 3 years dropped below 7% which is below acceptable for my risk tolerance. I also never liked the fact that some people got my money for free because they were deadbeats, I won't miss that http://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />. That's why I pay taxes, don't need to do it twice.

I also miss the way it used to be when I had >13% returns and I was able to spend time and actually invest in the people writing the descriptions. Shoot, I know for a fact I helped fund a new gas-station just up the street from my house in AZ... that was pretty cool.

I'll try to remember to post my stats when everything settles out in a few years.

Thanks again for everything guys! 

Fred they are the 10th largest bank in the U.S.A they don't need to be transparent anymore. Awesome post though!

https://forum.lendacademy.com/index.php?topic=2824.msg25238#msg88888888Quote"> from: Half Right on December 01, 2014, 10:52:50 AM

I used to be one of those silly investors that actually used the comments fields back in the day and I heard some pretty crazy stuff in there about jobs. On one loan the guy told me where his new gas station was going to be and LC didn't like that so the loan was shortly yanked.  I never confirmed it, but one of my buddies said someone listed therapeutic female artist as their job title and had that the loan was for upgrades so they would make more income... Nevertheless it was a good story and fully plausible. Still miss those P2P lending days.

Quick question, I used to know the answer to this but couldn't find it on the forum though I'm certain it's out there. For a loan if I receive a payment of $0.52 and LC takes a fee of 1% that should equal $0.0052 but it shows as rounding up to $0.01 so 0.01923% So if I doubled that investment so it payed $1.04 per period would they round the 0.0104 fee down to 1% or round it up to 2 percent? If it rounds down could I make that investiment pay 1.44 and still have it round down https://forum.lendacademy.com/Smileys/default/cheesy.gif" alt=":D" title="Cheesy" class="smiley" /> (Dreams). If they would round it up is that normal banking practice? my company's financial division rounds everything at 6 decimal points for their payments system and makes sure it evens out at the end of the year so we're within a penny (customer always loses that fraction of course). If they get 250 payments a month on my notes and charge 1.9% instead of 1%..  Probably should have thought about that 1% loss I'm taking before I dumped in all my new capital... oh well, to the future! Maybe B notes with a gauranteed 1% savings in fees would be great?

Just point this hopeless BBB user to the right thread, thanks guys!

That's a neat tool, I did pretty good on this one account. I had to say <30 months though and that account the average is at 35.5... that's an odd limitation https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2FSnap1.jpg&hash=494bd2b8f7eda2be59abf35706105042" alt="" class="bbc_img" />