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Messages - pplinvestor

#16
One of my rules is that I won't fund anyone who makes >$240K/yr.  I, as one of 99%ers, don't want the top 1% earner defaults on my loan.  I can't take it.
#17
My experience is about 1% - 2% loans will be paid off in first six months.
#18
Investors - LC / Finally had my first defaut—
December 31, 1969, 06:00:00 PM
But when total # of loans is only 10 - 30, there is no statistical significance.  So you'll eliminate the top 3.  That's leave FL as #2 high charge-off (default) state.
#19
P2P-Picks / Personal Portfolio Returns
July 09, 2013, 11:00:00 PM
Hi Bruce,
Thanks for sharing your data.  It's good long term data.  However, how do you see going forward when so many investors competing so few quality loan.   At 10:05am PT today, your max. profit model only had 1 top 10% note available.   By 10:09 am, there is none.  I assume all those top ones are taken.   So investors will have to take lower and lower quality loans and lower and lower returns.   Don't you have to readjust your model and lower return rates?
#20
So Lending Club lowered interest rate while increasing expected default rate at the time Mortgage and Bond rate are sharply increased.  Lending Club is loosing attractiveness quick