P2P Lending / NFT Lending Forum

Would be curious to know about this as well.

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Same boat as you Rob L.

I feel like for every person on the forum, there is a 3-5x multiplier of people they talk about LC with.

In the previous era, LC was like an investment club where everyone could do it together and had a community aspect. Not so much anymore.

I did not receive this email. Do you think they are sending out based on $ amount invested? What type of account did you have?

Anyone have thoughts on recent insider filings?

@AnilG Weren't you aware those are already core LC product lines?

Also, I miss the days of Q&A.

The way it was being hyped and the secrecy around other marketplace lenders seems like it will be some type of new credit product, like their small business "use what you need," credit line product and not just adding a traditional credit product to the mix.

@Fred93 I've seen comparable data on credit card vs. debt consolidation which seems to hold true.

Generally, the logic is that credit card consolidation is a more specific action, where the borrower has a known thing they are paying off which has an immediate cost savings to their personal balance sheet.

Debt consolidation is more ambiguous, and can lead to excess borrowing and therefore higher chance of default. LC also upsells people to borrow more at these stages (e.g. take out an additional $5k for a slightly higher rate).

Most financial institutions who conduct credit card refinancing will require the borrower to pay off credit cards by only releasing funds to the credit card companies.

Agree with thezfunk on those features.

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