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Topics - kbenson99

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Investors - LC / Odd Activity on Paid Off Loans
« on: February 15, 2016, 10:42:40 AM »
Saw odd activity on long ago paid off loans yesterday, 2/14.  I had 105 tiny ($.03 and less) payments on loans that had paid off months (and a few over a year ago) posted to my account.  For example, https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=6547406&order_id=9866621&note_id=27947429##.  The total amount for the 105 was only $1.0596696236.  Strange....

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Investors - LC / LC - city being removed from loan listings
« on: October 24, 2014, 02:05:55 AM »
After reading the LC October knowledge article http://kb.lendingclub.com/siteupdates/articles/Site_Updates/October-updates-on-the-Lending-Club-Platform a few weeks ago, I was concerned about "Changes to the Loan Statistics file—Scheduled for late October 2014" regarding the removal of borrower city data from loan listings.  So, I shot off an email to LC on 10/8.  After prodding a couple of times to what extent the the city data would be removed, I finally got an informative response as follows:

We will be removing the city location provided by the borrower from each loan listing and replacing it with the first 3 digits of the borrower’s zip code. We are making this change to further protect borrowers’ privacy and to provide more standardized geographic information.

Here are the details of the changes, by location:
1.      On the Download Data page (https://www.lendingclub.com/info/download-data.action) in the “Download Loan Data” files: Column Z, which is currently titled “addr_city” will be retitled “zip_code”

2.      On the Download Data page (https://www.lendingclub.com/info/download-data.action) in the “Declined Loan Data” files: Column F, which is currently titled “City” will be retitled “Zip Code”

3.      On the My Notes page (https://www.lendingclub.com/account/loans.action) within your account in the “Download All—Extended” file:  Column AL, which is currently titled “addr_city” will be retitled “zip_code”

4.      On the My Notes page (https://www.lendingclub.com/account/loans.action) within your account in the “Download Details—All Traded Notes” file: Column AR, which is currently titled “addr_city” will be retitled “zip_code”

5.      On the Browse Notes page (https://www.lendingclub.com/browse/browse.action) in the “Download All” file:   Column AA, which is currently titled “addr_city” will be retitled “zip_code”

6.      In the “Borrower Profile” section of all loan listings: the city name will be replaced with the first 3 digits of the borrower’s zip code.

7.      In the REST API Listed Loan service: the field name “addrCity” will be replaced by the field name “addrZip”

These changes are scheduled to go into effect on October 29, 2014.  If you have any questions, please contact Investor Services or your Institutional Investor Sales Rep.



Not particularly happy about this change.  Will this affect anyone else's loan decisions?  I base part of my loan decision process on the local unemployment rate.  Without the city, it will be exceedingly difficult to get this information. 

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Investors - LC / Payment postings
« on: July 28, 2013, 01:51:28 AM »
On 7/25/13, I had 2 loans post payments that appear "odd".  For both of these loans, each had 2 payments post which added up to the scheduled payment amount; I was charged a service fee for each payment posting.  My question is, has anyone else seen 2 payment postings for each loan which added up to the scheduled payment amount and then was charged a service fee for each payment posting?


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