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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.
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.