P2P Lending / NFT Lending Forum

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I have updated the thread regarding my returns:

https://forum.lendacademy.com/index.php/topic,5166.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,5166.0.html

I use LC Picks exclusively as my tool to decide on which loans to invest in.

I attached a screen shot from my account below. It has been going pretty well lately.  My NAV is creepy up toward 10%

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 09.12.20

My annualized return on loans that have paid off is 9.37%.

My Notes at-a-Glance         886

Not Yet Issued                    2
Issued & Current                604
In Grace Period                   5
Fully Paid                          229
Late 16-30                         0
Late 31-120 Days               2
Default                              0
Charged Off                        42
Canceled                            2


Adjusted Net Annualized Return      9.66%
Net Annualized Return                   11.79%
Weighted Average Age of Portfolio  17.6 months

My notes by grade are:

A  27.00%
B  56.30%
C  12.20%
D  3.30%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.8/82.

Thanks again for all who helped out in the past.
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An IRA IS an individual account.  All of her active notes, I was able to sell leaving only charged off notes.  All of the cash was transferred to another brokerage.  The only thing left in the account were all her charge offs which do occasionally pay recoveries.  The options were either to surrender the charge offs to LC and be done with the account, or to transfer / convert them over to my individual taxable account.  Fairly easy.  I just had to add her to the individual account, thus making it a joint account, and then transfer the charge offs from her IRA.  When they do that, they create a new "portfolio" folder and dump them into that.  Subsequently, the IRA is then closed.  Then whatever recoveries come in, they credit to the taxable account.

*  Disclosure:  I am not a tax attorney, consult a professional tax advisor.

As of 09.01.20

15 "current" (for lack of a better term). I was at 19 a few days at ago

Two paid off fully yesterday.

Two more have caught up with their payments and have left hardship status.

The situation seems be okay for now.

Interesting artcle but says what we already knew.

https://www.advisorperspectives.com/articles/2020/08/28/capital-one-cuts-card-limits-amid-u-s-jobless-aid-impasse" class="bbc_link" target="_blank">https://www.advisorperspectives.com/articles/2020/08/28/capital-one-cuts-card-limits-amid-u-s-jobless-aid-impasse

Capital One cut the limit on my business card last week. Doesn't matter to me but wonder if there aren't plenty of other businesses that it would.

I have updated the thread regarding my returns:

https://forum.lendacademy.com/index.php/topic,5166.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,5166.0.html

I use LC Picks exclusively as my tool to decide on which loans to invest in.

I attached a screen shot from my account below. It has been going pretty well lately.  My NAV is creepy up toward 10%

Had some issues with my email and had to create a new account.  The previous thread is located:  https://forum.lendacademy.com/index.php/topic,4828.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly.



Update as of 08.30.20

My annualized return on loans that have paid off is 9.43%.

My Notes at-a-Glance         874

Not Yet Issued                    5
Issued & Current                602
In Grace Period                   3
Fully Paid                           218
Late 16-30                         0
Late 31-120 Days               2
Default                               1
Charged Off                        41
Canceled                            2


Adjusted Net Annualized Return      9.41%
Net Annualized Return                   11.82%
Weighted Average Age of Portfolio  17.5 months

My notes by grade are:

A  25.20%
B  57.80%
C  12.40%
D  3.40%
E   1.10%


I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 66.9/82.

Thanks again for all who helped out in the past.

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https://forum.lendacademy.com/index.php?topic=21691.msg62069#msg88888888Quote"> from: Fred93 on August 27, 2020, 01:47:11 PM

As of 08.28.20

19 "current" (for lack of a better term)

LC has moved the 7 that were fully paid out of hardship status.

I'm getting payments on some of these.  I also had at least seven that paid off.

The situation seems be okay for now.

https://forum.lendacademy.com/index.php?topic=21691.msg62068#msg88888888Quote"> from: AnilG on August 27, 2020, 01:42:35 AM

I don't think they care. I left my account dormant for 2-3 years before investing any new money.

The Foliofn web site now says the ending date is 8/26, which business day has ended.  The API stopped working at 15:20PM PDT.

Foliofn is dead.