P2P Lending / NFT Lending Forum

https://forum.lendacademy.com/index.php?topic=1506.msg11593#msg11593">Quote"> from: brycemason on August 30, 2013, 12:09:59 AM

https://forum.lendacademy.com/index.php?topic=1506.msg11587#msg88888888Quote"> from: Dennis on August 29, 2013, 10:58:33 PM

https://forum.lendacademy.com/index.php?topic=1457.msg10835#msg88888888Quote"> from: DanB on August 18, 2013, 08:52:14 PM

https://forum.lendacademy.com/index.php?topic=1455.msg10829#msg88888888Quote"> from: Rob L on August 18, 2013, 05:39:24 PM

https://forum.lendacademy.com/index.php?topic=1455.msg10772#msg88888888Quote"> from: Rob L on August 17, 2013, 04:27:59 PM

https://forum.lendacademy.com/index.php?topic=1414.msg10253#msg88888888Quote"> from: Peter on August 07, 2013, 11:48:50 AM

You would probably need to be more specific about what you want and what your cost expectations are.  Custom applications are generally expensive.  Software and web services are only cheap because the cost of the initial development ends up being amortized over 1,000's of copies/subscriptions sold.

Seems fraudulent.  They claim their employer is "Florida International University", a university in Miami, but they list their location as, "Fleming Island, FL".  In other words, their employer and location are literally on opposite ends of the state.

Since FIU is a public institution the names and salary information if it's staff are published information.  You can find a list of people making roughly the borrower's claimed salary ($269,004) here;

http://databases.sun-sentinel.com/Orlando/ftlaudosuniversities/ftlauduniversities_list.php?pagesize=100" class="bbc_link" target="_blank">http://databases.sun-sentinel.com/Orlando/ftlaudosuniversities/ftlauduniversities_list.php?pagesize=100 

The closest one is over 7,700 off.  Not conclusive but really fishy I'd say.

Is there a way to move a single note from one portfolio to another on the LC website?  All I see is the ability to merge two portfolios.

It's unlikely that is something that large investors will get going forward.  That was probably just an enticement given to the first few that agreed to invest in LC loans prior it it becoming 'main stream'.

There was a period around Christmas when the number of notes being offered where the borrower had a public record shot up over the period of a week.  It turned out that LC had been running an advertising campaign that happened to target people who had public records.  If you are seeing a surge in loans of a certain character it is probably because of similar promotion to a targeted group predisposed to those characteristics.

Lending club lists there over all default rate as less than 3%.  7 of 900 loans possibly going bad is only 0.7% so you are well within expectations at this point and some of those 7 are likely to recover.  I think what you are seeing is normal.

I have a note that is listed as "In Grace Period" and On Payment Plan with 0 payments so far.  What is a reasonable way to price that loan for sale on FolioFN?  Should I even bother to try selling it or hope the payment plan works out?

https://www.lendingclub.com/account/loanDetail.action?loan_id=2285418" class="bbc_link" target="_blank">https://www.lendingclub.com/account/loanDetail.action?loan_id=2285418

The LC borrower application asks for yearly income.  LC does the math to get the per month number they show in the loan offering to investors so these aren't careless typos on the part of people not reading carefully.

https://forum.lendacademy.com/index.php?topic=583.msg2298#msg2298">Quote"> from: DanB on December 31, 2012, 09:51:18 PM