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z
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OP: September 10, 2014, 11:00:00 PM
Hi,

Long-time investor in Lending Club, first time forum poster. I've found that in the last half year or so, I've not been able to sell any notes on folio, the trading platform. Doesn't seem to matter how low I price the notes for.

Is anyone else experiencing this? Would love to see what others' experience with selling their notes have been in the recent months.

Thanks.
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r
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#1: September 10, 2014, 11:00:00 PM
I sell notes biweekly.  Normally around 40-50 at a time and they sell pretty quickly.
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G

GS

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#2: September 10, 2014, 11:00:00 PM
Can you give us an example of what you are trying to sell, and how much you are asking? 
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L
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#3: September 10, 2014, 11:00:00 PM
Where my selling price kicks in for lates:

16+  days late:  -70%
31+  days late:  -90%
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T
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#4: September 10, 2014, 11:00:00 PM
Thanks for the responses.

I was pricing them based on blogs & Nickel Steamroller...read somewhere quite a while ago of someone who priced in grace period notes at 2-3% discount and was successful. And that sort of worked for a while.

Late notes are being priced from 25-75% off depending on degree of lateness.

From what Lovinglifestyle shared, I must not be pricing aggressively enough. I'll give that a try.
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R
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#5: September 10, 2014, 11:00:00 PM
I sold several 31+late notes in last two weeks. Most of them  were sold soon after I marked price down to less than -90%. Could you provide an loan ID of what you are selling -90%? I may try to buy it to see if it will work. No more than $2 please.

Update: actually 60+PD for -90% discount.
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T
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#6: September 10, 2014, 11:00:00 PM
Sorry, my lates are all gone now.
I'm working on a batch of Graces at -20% so far.
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T
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#7: September 10, 2014, 11:00:00 PM
You guys are selling 31 PD for 90% discount?  Maybe Fred is onto something. . .
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F
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#8: September 11, 2014, 11:00:00 PM
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T
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#9: September 11, 2014, 11:00:00 PM
If I knew how to program, I'd  be more active on Folio.  I think there is a lot of mispricing going on there.
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h
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#10: September 11, 2014, 11:00:00 PM
I found a couple beauty's last week. Someone was selling all their $25 newly late 16+ days notes for $10 even. I bought 2 that had 2 or 3 on time payments and otherwise looked good and both came current within the week.
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T
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#11: September 11, 2014, 11:00:00 PM
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R

Ran

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#12: September 11, 2014, 11:00:00 PM
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T
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#13: September 11, 2014, 11:00:00 PM
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t
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#14: September 15, 2014, 11:00:00 PM
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