P2P Lending / NFT Lending Forum

Hey guys!

Do you all have some threshold for note sizes like say, no note should be greater than 0.5% of the total portfolio balance?  Or do you just do the same increments regardless.  As my account grows, I imagine I'll need to step it up from $25 notes but am curious if anyone has strategies with regard to diversification.

https://forum.lendacademy.com/index.php?topic=264.msg1071#msg88888888Quote"> from: SarahV on November 17, 2012, 10:25:33 AM

Are there any investors on here that utilize the FolioFN platform to mitigate loss of principal?  I've done it with a fair amount of success and was curious the strategy of others.

For me, I pay attention to processing.  Once a loan has been processing greater than 4 days, I look at the FICO trend and Original Note.  Based on this financial information, I make the determination if I want to sell it.  I immediately place it on FolioFN for a small discount, but normally still in the money for me due to past received payments.  Generally they sell where I break even or make a slight bit of return. 

I also monitor the FICOs of my portfolio weekly.  I sit down and look at all the trends.  I do mostly credit card refinancing loans.  If I see the FICO trending downward or the new level of FICO no longer justify the interest rate (650 FICO whom got a Grade A loan), I'll sell these in the FolioFN as well.  They sell quicker than the above loans, but I rarely take losses on either.

Anyone else have a similar strategy?

I spent an unimaginable amount of hours in Nickelsteamroller (much more pleasing to the eye than Lendstats).  I then went to Lendstats and other sites to make sure they agreed with my screen.

I *never* fund these notes.  My entire portfolio is of debt consolidation/credit card refinancing.  I would NEVER fund a note that is re-consolidating to a higher interest rate.  Of the five C's of credit, this speaks to their character -- and I'm not touching that with a fifty foot pole.

My ideal notes are consolidations where monthly payments are lower than current debt servicing requirements.  This + no delinquencies + my other filters has proved to be a very high quality screen.