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Messages - Data Junkie

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Investors - LC / 1.9% --> 4%
« on: December 21, 2018, 12:11:12 PM »
Small volume investor here, just wanted to crow a little about clawing my way back up to 4% over the last year and a half after a rough start.  I know that 4% is nothing to get excited about, but it seems my strategy is working so I'll keep plugging away to see if I can get to 5%.  It has definitely gotten more difficult to invest with so few loans to choose from so I've had to loosen my standards a bit-- and I hope I haven't jinxed it!  Happy holidays!

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Investors - LC / Re: New Platform
« on: June 29, 2018, 05:49:47 PM »
7.  Which is easier to read?      IMO the second one is easier to read-- better contrast,  background color is darker

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Investors - LC / Re: New Platform
« on: June 29, 2018, 05:20:47 PM »

After logging in, you can still use this direct link.  Not sure for how long.

https://www.lendingclub.com/account/notesRawDataExtended.action

Thanks for posting that link, Storm.

And on the odd chance somebody from LC is paying attention, here are my complaints:

1.  Tremendous waste of screen real estate with the wider line spacing and larger font
2.  Scroll, scroll, scroll
3.  Can't download the csv file of my account (I did see a "Download CSV link" but all it does for me is vomit text)
4.  Terrible misuse of color-- the palette of colors now assigned to Status on the pie charts is the same palette used for the loan grades
5.  Portfolios no longer listed with my account notes.  One of my notes is newly Fully Paid.  I can't (easily) figure out which portfolio it's in.
6.  Filtering by status doesn't work for "Not Yet Issued"

LC, you're supposed to rigorously test before you deploy.  At least give your investors the option of reverting to the old interface.  This rollout is unprofessional and really hurts your credibility which was not great to begin with.

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Investors - LC / Re: New Platform
« on: June 28, 2018, 07:47:38 PM »
Hate. It.

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Investors - LC / Re: LendingClub is missing a couple of my notes
« on: June 20, 2018, 11:43:54 AM »
kcook73, thanks for the follow-up.  I'm glad LC was helpful and forthcoming.

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Investors - LC / Re: LendingClub is missing a couple of my notes
« on: June 18, 2018, 11:17:45 AM »
I have identified the two notes in my account that were removed.  In my account activity two items posted June 14:   Transfer    Credit for Ineligible Loan ID ___.  I compared an old notes_ext file to a recent one, and those two notes that were once in my account are now missing.  The Loan IDs are 90015185 and 85097245.  Both were 60-month FP notes, listed in July and Sept 2016, $40k loan amount, B-grade with 800+ Fico.

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Investors - LC / Re: Ridiculous number of defaults, anyone else?
« on: June 16, 2018, 05:45:30 PM »
I made the mistake of starting off with automated investing, and my returns have been decimated by the defaults.  I've learned a lot since then, most of it from this forum.  Why I haven't bailed on LC is that the majority loans do get paid in full (well, so far, anyway).  So I have challenged myself to find a fairly reliable way to avoid loans that default.  Betting on my own investment strategy keeps it interesting.

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Investors - LC / Re: LendingClub is missing a couple of my notes
« on: June 16, 2018, 05:04:43 PM »
Yes, I noticed that my number of FP loans dropped by 2 recently.  I have not (yet) tried to track down what and why because something else popped up that caught my attention: a note I held that issued and defaulted in 2016 was listed as "Not Verified" in the historical data files, but now shows up as "Source Verified" in my notes_ext file (and I download these files regularly so this had to be a recent change).  Not a big deal as it is fini, but I did submit an inquiry.  So I'm beginning to wonder about LC's data management.

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Investors - LC / Re: Worst Loan of the Day Thread, Grades A - C
« on: January 22, 2018, 11:05:22 AM »
My code also flushed out 127342041, but not enough data to predict a default probability.

Here's my worst of this morning:  127296020, C2 (13.59%).  My code predicts a 34.6% probability of defaulting.  Would be curious to see other folks' numbers on this as I am not using linear reg.

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Investors - LC / Re: LC Email: "The Next Generation Credit Model"
« on: September 20, 2017, 03:42:44 PM »
"We expect loan volume to shift toward higher quality grades (grades A and B) because some borrowers will qualify for lower interest rates under the new model..."

Kind of reminds me of another quote by Will Rogers:  "When the Oakies left Oklahoma and moved to California, it raised the I.Q. of both states."

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Investors - LC / Re: Throwing in the Towel
« on: September 20, 2017, 10:48:39 AM »
I, too, had one of those "immediate default" notes and it fueled my misanthropic inclination.  I decided to explore those a little further, and identified many common characteristics, but the aggregate of those characteristics were not revealing (as you might expect).  There is, as Skeptical said, no metric for morality!

I guess another reason I haven't given up completely is that most loans do not default (but a significant number do).  For example, of completed B&C loans, approx 16% defaulted, or about 1 in 6.  This is not my area of expertise by any means, but that seems really high if that includes a significant number of average joes and jills.  My goal is, can I identify with confidence those that will not default?  If I can do that then maybe I can move on to choosing loans with higher interest rates.  Of late, I am gunshy and leaning towards A's from the ones my code is identifying.

This has been another example of my jumping in the pool before learning to swim.  Fortunately it was on the shallow end.  But it has also been a good excuse to indulge my coding hobby, and I've learned a lot about reading credit reports which will help me, I think, with my newest hobby, a rental property.

Thanks. Skeptical, for sharing your opinion and experience.

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Investors - LC / Re: Throwing in the Towel
« on: September 19, 2017, 11:09:13 AM »
I hear you, Skeptical.  Before I learned about backtesting and filtering, I started off with the automated investing.  Even though I went with the most conservative setting, I am just inundated with Lates and Defaults.  Since then I've learned a lot and wrote my own backtesting and analysis codes, but that initial investment I don't think I can overcome.  The only reason I haven't bailed is to see if my method works.

I started with an initial investment of 200 loans.  Of the 16 Defaults in my portfolio, 13 were with automated investing.  Of the 9 Late loans, 7 were with automated investing.  It is very discouraging because my returns are just awful.

It's funny-- folks bemoan early payoffs.  I'm so happy they paid off and didn't default!

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Investors - LC / Re: IGP No Contact Made
« on: February 25, 2017, 12:56:29 PM »
I asked about this once when I noted the collection log showed no contact activity on a late loan.  Here is an excerpt of the reply I received from LC:

"Generally, when a loan is delinquent and the collection log on a loan performance page does not have any updates, it is due to unconfirmed information that we have received pertaining to a borrower's account. For example, if a borrower tells us that they have filed for bankruptcy, we do not update the loan performance page to show that information until we have confirmed the bankruptcy. Additionally, we are unable to contact the borrower once they mention bankruptcy to us.

Similarly, if a borrower begins working with a debt management company or is going through a debt settlement, we are unable to update the loan performance page until we have received confirmation and we are unable to reach out until the debt management company permits.

Another example for when a loan performance page is not updated is when we hear news that a borrower has passed away. We cannot update the collection log until we have received confirmation."


For the loan I was inquiring about, all of a sudden it was paid off when it was pretty late-- great news!  As a side note, I also have another loan where there was a note in the log that the borrower had passed away.  Hope that helps.

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Investors - LC / Re: What loan purpose to avoid?
« on: February 23, 2017, 02:13:44 PM »
I skip renters taking out home improvement loans.  Don't understand it, therefore I am not going to participate.  But if anyone has a logical explanation for it, I am interested to hear.

my sister rented a place for a few months when she rebuilt her home

The phrase "her home" suggests your sister owns the home, in which case on a loan application would she choose "renter"?

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Investors - LC / Re: What loan purpose to avoid?
« on: February 23, 2017, 10:16:16 AM »
I skip renters taking out home improvement loans.  Don't understand it, therefore I am not going to participate.  But if anyone has a logical explanation for it, I am interested to hear.

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