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Messages - MA4nur

LendingRobot / LendingRobot failing to place orders
« on: July 11, 2016, 11:00:00 PM »
I've had problems with automated buying the secondary market. I have a lot of cash dragging right now  :'(. I set my specifications on Lending Robot and after realizing that no transactions were taking place after a while, I put these same specifications on the Lending Club secondary market site manually. There were about 14 available notes. This has been an issue for the past few days.

Lending Robot has been able to purchase a few notes on the secondary market on my behalf but the times between purchases has been remarkably high and I have plenty of cash just sitting there. I've put an inquiry in, without any response at this time.

I will post any updates. Any others with secondary market issues? 

I received a response from them with the following message: "please keep in mind LendingRobot only purchases new notes that have just been listed on the secondary market. If the note has been idle after being listed for more than a few minutes we will not purchase it. " This makes sense and am much relieved.