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Author Topic: Available Cash -$1.49



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Available Cash -$1.49
OP: March 07, 2019, 12:00:00 AM
Ok, it's only $1.49, but how is it that the available cash in my LC account can ever be negative?

I looked through the recent activity and didn't see anything unusual. I bought some notes on the secondary market, as well as some directly through LC's API, got paid some interest, etc.

Anyone else seen this? I guess the next interest payment I receive will wipe it out but I'm kind of curious how it can happen.
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Available Cash -$1.49
#1: December 31, 1969, 07:00:00 PM
OK, and more weirdness.

For loan 54885881 there is a pending payment of $0.53 for 3/5/19. When I look at my activity history for 3/6/19 I see that pending payment as -$0.53 whereas on 3/5/19 it's there as +$0.53

So it looks like on the 5th they credited my account 53 cents, and on the 6th they took it back. In the meantime they let me spend that money (and some others) and my account somehow ended up then with a negative balance.

I guess that's an explanation, but it doesn't seem like they should be crediting money to me that they haven't actually received. Weird.
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Available Cash -$1.49
#2: December 31, 1969, 07:00:00 PM
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Available Cash -$1.49
#3: December 31, 1969, 07:00:00 PM
I see negative account balances quite often.

Each evening, LC subtracts fees from your account balance and then a bit later adds payments into your account balance.  If you start with a small account balance, your balance can be negative for few hours in between these events. 
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Available Cash -$1.49
#4: December 31, 1969, 07:00:00 PM
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