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Topics - ThinleyWangchuk

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1
Investors - LC / Reason Behind Declining Loan Performance
« on: June 17, 2017, 08:57:30 AM »
http://www.businessinsider.com/prosper-and-lending-club-dont-always-verify-borrower-income-and-employment-2017-6

https://www.bloomberg.com/news/articles/2017-06-14/biggest-online-lenders-don-t-always-check-key-borrower-details

http://www.businessinsider.com/credit-card-defaults-have-spiked-as-lending-standards-fall-2017-6

"In the past two fiscal quarters, banks reported a steep rise in credit-card charge-offs — debt that companies can't collect from their customers — according to a report from Moody's....The sharp increase, the largest since 2009, is especially unusual given how strong the US employment market has been, Moody's noted. It suggests that American consumers haven't fallen on hard times so much as banks have started to loosen their standards and issue credit more aggressively."

2
FolioFN - Prosper / FolioFn discontinued
« on: September 29, 2016, 01:02:44 PM »
We are writing to let you know that as of October 27, 2016, Prosper will no longer offer the Folio Investing Note Trader platform, the secondary market for Prosper Notes. Prosper has found over time that very few investors are using the secondary market and, as such, has made the decision to no longer offer this service. We apologize for any inconvenience that this causes. Prosper remains committed to its retail investor clients and to providing them a great experience.

Here's what this means for you: The secondary market trading service will be available as normal until end of day (5:30 pm PST) October 19, 2016. After that time, any new orders to list Notes for sale will not have sufficient time to be completed and processed before the site becomes unavailable to users at the end of day (5:30 pm PST) on October 27, 2016.

Once the secondary market trading service is terminated, you will not be able to sell Notes that you own, and you will need to hold them to maturity.

If you have questions about your Notes or the wind-down of the Folio Investing Note Trader platform, please contact Prosper customer service at 877-611-8797.

3
Foliofn - LC / Does this make sense?
« on: September 10, 2016, 01:07:58 AM »
Hi Guys,
Does it makes sense to invest in notes in which borrowers have made 3-6 payments (months) at par... Since one is not collecting the first 3-6 payments do you think the return would be lower than if one invested in the note at origination?


4
Investors - LC / Seasoned Notes?
« on: September 05, 2016, 06:41:10 PM »
When is a note is called seasoned?  Anywhere one can get stats on how loans perform as time passes?

5
Investors - P / first-velocity-association?
« on: August 16, 2016, 04:37:38 PM »
Does anyone know why the all new notes originate from a user called "first-velocity-association"? 

6
Investors - P / Insanity
« on: July 27, 2016, 08:33:16 PM »
Anyone investing in notes within the last week is insane.  It's pretty screwed up for them to list this junk.

7
Investors - LC / Where did all the loans go?
« on: July 22, 2016, 09:01:25 AM »
# of new loans of platform has decreased materially in the last few days.  Any idea why?

8
Foliofn - LC / Site to automatically set YTM and sell notes?
« on: June 12, 2016, 03:43:28 PM »
Is there a way one can automatically set a YTM for notes and then place these for sale?

9
Investors - LC / Percentile calculation
« on: September 29, 2014, 05:33:16 PM »
How do you calculate the percentile of a portfolio (v. other lenders)...
What net return would you consider being in the 99th percentile?

10
Investors - LC / Collections Excluding Medical
« on: April 10, 2014, 12:52:43 PM »
Any thoughts on this?  What does it mean (i.e. current delinquency, delinquency in last 10 years, etc)...

11
Investors - LC / Where did...
« on: December 23, 2013, 04:57:50 PM »
...the chart showing the return of your portfolio v. others go.  Does anyone have the link?

12
CapitalOne 360 is offering a promotion for the weekend of black Friday...
$125 if you open a checking account and $75 if you open a savings account.
If you use the refer link below we will both get $20 extra.
https://r.capitalone360.com/fxrhKkNV2U

Enjoy!



Checking account:

    "Open a fee-free 360 Checking® account between November 29th and December 2nd.
    Use your Debit Card to make 5 purchases or use CheckMateSM to make 5 remote check deposits (or a combo of both) within 45 days of opening your account.
    Snag your $125 bonus on day 50.
    Start earning interest on your cash.

    This has to be your first 360 Checking account (including Electric Orange checking).
    The 5 Debit Card purchases can either be signature or PIN-based.
    Your $125 bonus will be automatically deposited into your account on day 50."

Savings account:

    "Open a no-fee 360 Savings® account between November 29th and December 2nd with an initial deposit of $500 or more.
    Snag a $75 bonus.
    Celebrate – you're on the road to saving now.

    This has to be your first 360 Savings account (including Orange Savings Accounts).
    The bonus starts earning interest on day one, but you can't take it out for at least 30 days.
    The variable Annual Percentage Yield (APY) is 0.75%, effective 11/30/2013."

13
Off Topic / $220 Free (Black Friday Deal)- CapitalOne360
« on: November 30, 2013, 12:26:56 AM »
CapitalOne 360 is offering a promotion for the weekend of black Friday...
$125 if you open a checking account and $75 if you open a savings account.
If you use the refer link below we will both get $20 extra.
https://r.capitalone360.com/fxrhKkNV2U

Enjoy!



Checking account:

    "Open a fee-free 360 Checking® account between November 29th and December 2nd.
    Use your Debit Card to make 5 purchases or use CheckMateSM to make 5 remote check deposits (or a combo of both) within 45 days of opening your account.
    Snag your $125 bonus on day 50.
    Start earning interest on your cash.

    This has to be your first 360 Checking account (including Electric Orange checking).
    The 5 Debit Card purchases can either be signature or PIN-based.
    Your $125 bonus will be automatically deposited into your account on day 50.

Savings account:

    Open a no-fee 360 Savings® account between November 29th and December 2nd with an initial deposit of $500 or more.
    Snag a $75 bonus.
    Celebrate – you're on the road to saving now.

    This has to be your first 360 Savings account (including Orange Savings Accounts).
    The bonus starts earning interest on day one, but you can't take it out for at least 30 days.
    The variable Annual Percentage Yield (APY) is 0.75%, effective 11/30/2013."


14
Investors - LC / Quality of loans deteriorating...
« on: November 26, 2013, 09:21:04 PM »
Any thoughts?

15
Investors - LC / Chapter 13
« on: November 08, 2013, 12:59:20 PM »
"Chapter 13 of the United States Bankruptcy Code, codified under Title 11 of the United States Code, governs a form of bankruptcy in the United States that allows individuals to undergo a financial reorganization supervised by a federal bankruptcy court. The goal of Chapter 13 is to enable income-receiving debtors a debtor rehabilitation provided they fulfill a court-approved plan. This is in contrast to the goals of Chapter 7, which offers immediate and complete relief of many oppressive debts. Chapter 13 is a form of debt consolidation"
source:wikipedia

Does anyone have any experience with a borrower going into chapter 13 bankrupcy.  Any luck in receiving a portion of principal after the hearing?

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