Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: Rob L on July 29, 2019, 06:31:05 PM

Title: Cancelled and Cancelling
Post by: Rob L on July 29, 2019, 06:31:05 PM

Decided to take a look at my LC account, holdings details.
Under Charged Off there's another status "Cancelled and Cancelling".
Maybe it's been there for years but I don't recall seeing it before.
Is it a new thing or just something I never just noticed before?

Title: Re: Cancelled and Cancelling
Post by: Fred93 on July 29, 2019, 09:24:41 PM

Cool.   Its new to me.  For a long time, cancelled notes were handled in a very confusing way.  They just "disappeared" from the UI.  Sounds like they finally fixed that.

Title: Re: Cancelled and Cancelling
Post by: lascott on July 29, 2019, 11:10:24 PM

Noticed that just the other day as well. I haven't seen a number in their yet but don't necessarily want to see one.

(https://i.imgur.com/3971fvV.jpg)

Title: Re: Cancelled and Cancelling
Post by: Debt Free on July 30, 2019, 05:17:37 AM

And the ? bubble gives no answer as well compared to the other categories.

Title: Re: Cancelled and Cancelling
Post by: Fred93 on July 30, 2019, 03:02:25 PM

I also have a 0 in that category, and I've certainly had loans cancelled in the past.  I suspect that the number means how many were cancelled since the day they stopped just making cancelled notes disappear.  Future cancelled notes will stay in the total.