Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: yojoakak on September 30, 2013, 11:37:09 AM

Title: Can you find out what day a charge off actually took place?
Post by: yojoakak on September 30, 2013, 11:37:09 AM
I've never paid much attention but now I want to know: Do Charge Offs tend to happen on a certain day? Or is it an automated rolling process?

Seems like the last 3 months I get a spike down in my account value around the 20th of the month. It doesn't seem to match up with my Foliofn sales.

The dates in Payment Log float around, so I don't think I can trust those. And I don't see anything in Account Activity.

So short of scraping your notes every day, how can you figure out what day a note actually moved into Charged Off status?
Title: Re: Can you find out what day a charge off actually took place?
Post by: brycemason on September 30, 2013, 11:58:19 AM
Yes, I think charge offs happen twice monthly. Sometime around the 5th and the 20th IIRC.