Skip to main content
Skip this menu

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - Bohb Daishi

[1] 2 3 4
Investors - LC / Thought Experiment for Folio Traders
« on: April 29, 2014, 11:00:00 PM »
I think that more information would lead to more efficient markets. New traders would start utilizing new/existing strategies, increasing buy-side competition. As a result of this competition, trading profits would go down substantially since sellers would get much better prices for notes (assuming they knew how to properly price them in the first place).

In the long run, however, the market will probably end up worse off. If us traders don't make any money, we won't have any incentive to provide liquidity. Without liquidity, there is no market. As much as Lending Club hates us, we are a "necessary evil". Who else is going to purchase your junk notes? Investors? I think not.
Investors - LC / Where Lending Club Fails Borrowers
« on: April 23, 2014, 11:00:00 PM »

The borrower negotiated a payment plan on 11/22/2013, made every payment on time as agreed, then was automatically charged-off because that agreed-upon payment amount wasn't high enough to keep it from going 120 days past due. I have several other notes like this, including these two from the recent batch of charge-offs:

I don't mind if Lending Club charges off a note that hasn't paid in 5 months. But when the borrower has been making recent payments, even if it's lower than the standard amount, they shouldn't be charged off. No other major lender or credit card company would charge off a borrower who is still actively trying to make good on their debt. It's utter farce.
Investors - LC / Give up some numbers.
« on: April 21, 2014, 11:00:00 PM »
In Funding                11
Issued & Current      178
In Grace Period         52
Fully Paid                  48
Late 16 - 30 Days     18
Late 31 - 120 Days   738
Default                      51
Charged Off              298
NAR:                         -40.47%
Investors - LC / More Hand Holding!
« on: April 16, 2014, 11:00:00 PM »
Anyone notice this on your notes?

My favorite part is that the note I took that picture from was last updated on March 64, 2014...  :o
Foliofn - LC / Folio API
« on: April 16, 2014, 11:00:00 PM »
Investors - LC / what am I missing on this note?
« on: April 14, 2014, 11:00:00 PM »
Good question. It's probably a fluke, where it doesn't fall in most people's filters.
Investors - LC /
« on: March 23, 2014, 11:00:00 PM »
FolioFN - Prosper / First
« on: March 10, 2014, 11:00:00 PM »
Had to do it.  ;)

On a more serious note, how many of you actively purchase notes on Prosper's secondary market?
[1] 2 3 4