Lend Academy Network Forum

Lending Club Discussion => Foliofn - LC => Topic started by: Lovinglifestyle on May 05, 2014, 01:33:16 PM

Title: Minimum Folio Price?
Post by: Lovinglifestyle on May 05, 2014, 01:33:16 PM
I just tried to re-price a note to .89 and it was not accepted.  A re-try at .90 was.  The .90 is a 92.55% discount.  How can I help you traders make money with a policy like that?!  I was willing to keep on going down as necessary!
Title: Re: Minimum Folio Price?
Post by: Lovinglifestyle on May 05, 2014, 01:37:45 PM
Guess it was a temporary glitch.  Tried again.  Now it doesn't care how much money I lose.
Title: Re: Minimum Folio Price?
Post by: Bohb Daishi on May 06, 2014, 01:34:58 AM
Guess it was a temporary glitch.  Tried again.  Now it doesn't care how much money I lose.

If you are selling at that price, it's not a matter of how much money you lose. It's a matter of how much money you were guaranteed to recover, since your other option would be to let the note charge off.