Messages

1

General P2P Lending Discussion / Re: FICO score inflation

« on: October 23, 2018, 04:55:53 AM »

Is 15 points a big change?

Can you replot it so the Y-axis starts at 0?

2

Investors - LC / Re: LC Securities Litigation Class Action Settlement

« on: May 13, 2018, 09:55:02 PM »

So someone buying at the IPO and selling at a gain is not eligible for this, right?

3

Investors - LC / Re: Anyone feel that Lending Club is skimming with the "Investor Fees for this Date"

« on: January 17, 2018, 08:16:03 PM »

You know it's rounded on the display, right? You have to hover your mouse to see the actual value.

4

Investors - LC / Re: Lending Club founder Renaud Laplanche is back with a new startup and $60 million

« on: December 29, 2017, 04:37:48 PM »

common word domain must have cost a pretty penny

5

Foliofn - LC / What's the latest you can sell a Note this year and count on this year's taxes?

« on: December 27, 2017, 01:52:18 PM »

Is it the sale date? Or the settlement date?

Sunday is the last day of the year, and Monday is a holiday. Do trades settle on Saturday?

Do Folfion trades ever actually settle on the same day? And if so, what time is the cutoff?

I know it would be safest to sell on Thursday so it can settle on Friday and avoid the weekend, but I I'm still trying to make up my mind what I want to do.

Thanks and Happy New Year!

6

Investors - LC / Re: Suspicious loans

« on: October 10, 2017, 01:41:26 PM »

Now you understand why LC makes most of its money from Origination Fees.

7

Investors - LC / Re: Excess interest payments

« on: September 23, 2017, 11:39:08 AM »

My guess would be that a 31st payment got combined into that 30th payment in the records, like maybe it came in a couple days before the scheduled 31st payment. So there was a $26.27 interest payment, and then a few weeks later there was a $14.31 ($40.58 - $26.27) interest payment. You could even use that $14.31 to figure out what day the payment came in on.

You see stuff like this on the website all the time, especially for big payoffs. Can you bring up the Payment History for one of this loans notes on the website? It should have those listed as separate payments.

For example:

https://www.lendingclub.com/account/loanPerf.action?loan_id=43550202&order_id=97705667&note_id=75382251

8

General P2P Lending Discussion / Re: HELP! LC portfolio got slammed to -2.57!!!

« on: September 18, 2017, 08:40:27 AM »

You lost $2.57? Whelp... there goes retirement.

9

Investors - LC / Re: Easier way to get account history?

« on: June 18, 2017, 11:23:54 PM »

My Greasemonkey script (LCAC) adds a button to Download those 6 months of activity with one click (or rather: one click + select all, copy and paste into a spreadsheet or file). It's not ideal, but it seems to work.

10

Investors - LC / Re: Is there a way to see currently Pending Transfers?

« on: June 08, 2017, 10:09:55 AM »

I just noticed these today on the transfer page:

"Your one time withdrawal of $XXX.XX is processing."

"Your one time withdrawal of $YYY.YY is scheduled for 06/08/2017."

PROGRESS!

11

Investors - LC / Re: Silly Question

« on: May 27, 2017, 05:17:17 PM »

Why can't it?

It could.

Why doesn't it?

Because they didn't program it that way.

I guess it's like having all those kids: You hope for the best, but once they're born you really never know what happens to them. ;-)

12

Investors - LC / Re: Why would someone borrow $9,500 to payoff credit card debt of $4,000

« on: May 21, 2017, 11:01:31 PM »

Cash out refinancing!

13

General P2P Lending Discussion / Re: Renaud Laplanche new company Upgrade (formerly Credify)

« on: April 06, 2017, 09:48:31 PM »

What's the over-under on the launch of a new Upgrade sailboat?

14

Investors - LC / Re: 22 loans paid off HOWEVER 18 of those now in grace.

« on: April 05, 2017, 10:32:27 PM »

Proverbial chewing gum and bailing wire.

15

Foliofn - LC / Re: Is this legal?

« on: March 04, 2017, 11:09:53 PM »

It would only be a problem if they notice.

"Between November 24 and December 10, 1999, Moondra executed 56 wash sales in the securities of 12 different issuers between taxable and tax-sheltered accounts in which he had trading authority. These trades resulted in no change in beneficial ownership but created artificial losses of approximately $161,695 in the taxable accounts and artificial gains of approximately $161,695 in the tax-sheltered accounts. "

http://www.sec.gov/litigation/admin/34-48432.htm