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NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL

Started by Peter, July 18, 2013, 11:00:00 PM

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IrishMoss

My account funding finally cleared today.  Yea!  https://forum.lendacademy.com/Smileys/default/grin.gif" alt=";D" title="Grin" class="smiley" />
So I've finally started buying some notes based on some basic criteria from the research I've done over the past week.
Here's one I bought:  https://www.lendingclub.com/browse/loanDetail.action?loan_id=3696693" class="bbc_link" target="_blank">https://www.lendingclub.com/browse/loanDetail.action?loan_id=3696693
I know it was only applied for this morning, but why does it only have $425 of funding so far?  All the other notes in my portfolio seem to be getting funded at a much faster pace. 
Is there something unappealing about this loan?

brycemason

Modest revolving balance. 5 year loan. Relatively lower interest rate (not as high a chance for a big win).

TravelingPennies

Maybe the title "cons" is scaring people off. I mean, you hope it's short for consolidation, but...

LonghornSF

Just a low interest rate on the loan. There's nothing wrong with the loan itself which seems reasonably high quality. Personally, I don't do any loans with <13% interest rate, but I have a high risk appetite.

GS

It looks like a good safe note to me.  It's in my Filter, and it meets my manual payment/income check, so I'd buy it.

It's the best C-D-E-Fs that fund quickly, the good A-B notes tend to hang around a while.

TravelingPennies

Thanks for the replies.  I just wanted to make sure I wasn't missing some big red flag.
Just seemed strange to me that similar looking loans had 10x the funding in less time.  https://forum.lendacademy.com/Smileys/default/huh.gif" alt="???" title="Huh" class="smiley" />


Randawl


NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL