https://forum.lendacademy.com/index.php?topic=2535.msg21892#msg88888888Quote"> from: lascott on August 03, 2014, 04:14:23 PM
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#32
General P2P Lending Discussion / What TERM loan do you invest in?
July 20, 2014, 11:00:00 PM
I am 60% 60 month and 40% 36 month.
The model I am working on shows that the higher interest rate you earn with 60 month notes more than compensates for any risk.
The model I am working on shows that the higher interest rate you earn with 60 month notes more than compensates for any risk.
#33
P2P-Picks / Prosper Picks Active
July 20, 2014, 11:00:00 PM
https://forum.lendacademy.com/index.php?topic=2412.msg21278#msg88888888Quote"> from: brother7 on July 21, 2014, 06:22:17 AM
#34
Investors - LC / Give up some numbers.
July 20, 2014, 11:00:00 PM
Newbie so not much to show for this account right now.
Account only 1.5 months old. My other account has more loans but all of them are 'issued' or 'in funding' and 0 months old (started about 2 weeks ago)
In Funding 4
Issued & Current 54
In Grace Period 0
Fully Paid 1
Late 16 - 30 Days 0
Late 31 - 120 Days 0
Default 0
Charge-off 0
Account only 1.5 months old. My other account has more loans but all of them are 'issued' or 'in funding' and 0 months old (started about 2 weeks ago)
In Funding 4
Issued & Current 54
In Grace Period 0
Fully Paid 1
Late 16 - 30 Days 0
Late 31 - 120 Days 0
Default 0
Charge-off 0
#35
Foliofn - LC / Possible to Inflate NAR by Selling on FolioFN?
July 15, 2014, 11:00:00 PM
I see people post screenshots of their Lending Club NAR. I think it would be possible to artificially boost this using FolioFN. Here is what someone could do.
1) Open two accounts on Lending Club
2) In first account buy lots of loans with high interest rates, 20-25%
3) Anytime a loan is moved to 30-60 days late classification list it on Foliofn with 0% discount
4) In 2nd account, buy that note.
Account 1 would have no defaults or late loans so NAR would equal the weighted average interest rate. Screenshot would look really nice.
Account 2 would have all the loses.
I am not advocating this, it would be fraudulent, but want to know a) is this possible? and b) if so, give people caution when looking at a NAR screenshot.
1) Open two accounts on Lending Club
2) In first account buy lots of loans with high interest rates, 20-25%
3) Anytime a loan is moved to 30-60 days late classification list it on Foliofn with 0% discount
4) In 2nd account, buy that note.
Account 1 would have no defaults or late loans so NAR would equal the weighted average interest rate. Screenshot would look really nice.
Account 2 would have all the loses.
I am not advocating this, it would be fraudulent, but want to know a) is this possible? and b) if so, give people caution when looking at a NAR screenshot.
#36
Investors - LC / Help Understanding NAR, IRR when Reinvesting Principal and Interest
July 15, 2014, 11:00:00 PM
https://forum.lendacademy.com/index.php/topic,2465.msg21092.html?PHPSESSID=9df13855b4192be0977e82fa3163a54c#msg88888888Quote"> from: Fred93 on July 16, 2014, 02:33:39 AM