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Messages - rajuabju

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Investors - LC / The great loan drought of October 2012
« on: October 18, 2012, 11:00:00 PM »
The situation is MUCH more acute then that for me.

My very strict criteria used to produce roughly 40-80 available notes to choose from at any given time.

Lately, I am seeing only 6-12 notes using the very same filters as I have been for months.

Its actually to the point where just reinvesting the proceeds from monthly loan payments is difficult, nevermind adding in more funds (I have a biweekly recurring $500 transfer setup).

If this keeps up for any serious period of time, I'll have no choice but to open an account /w Prosper and start diverting some of my potential investing funds there instead of LC, because I am not willing to invest above the $25 per loan amount whatsoever.
Investors - LC / Check received after Charged Off
« on: May 16, 2012, 11:00:00 PM »

Is it also common for a lawsuit to continue on after a note has been charged off? thats the case with mine.. was charged off a few months ago, but was updated about 6 weeks ago that lawsuit / hearing is pending.

Not getting my hopes up, but still good to know there a tiny chance of some recovery.
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