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Messages - macroman7799

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Investors - P / Re: Good Returns on Prosper?
« on: January 27, 2021, 11:08:36 PM »
I am running about 5.7% on a 3 year old account and 3.8% on a 6 year old account that I am no longer investing in. You decide if that's good. I view it more favorably than 1.0% 10 year Treasuries.

Investors - P / Re: Is the Website Down?
« on: January 27, 2021, 11:05:53 PM »
I was just on trying to buy a few notes but someone with deeper pockets scarfed them all up.

Investors - LC / Re: How to stop auto re-investing?
« on: January 27, 2021, 11:03:54 PM »
I think that Lending Club has fixed this problem for you but shutting off any ability to invest.

Investors - LC / Re: Time for loan to be 100% funded
« on: January 21, 2021, 07:45:59 PM »
At this point LC fractional loans will take literally forever to fund.

Off Topic / Re: How to write interesting texts?
« on: January 18, 2021, 04:02:01 PM »
I'd say the first step is practice. Write something that you think is interesting and share it with friends to see what they think. Refine. repeat.

If you come up with something that seems worthwhile take it to some publishers or self-publishers or self-publish on Amazon.

The problem is that there is virtually no interest in peer to peer lending. With that being the situation there are few legitimate questions and the spam, while not terribly frequent, really sticks out.

Borrowers - LC / Re: ATM Business Loan
« on: January 14, 2021, 08:26:33 PM »
Operating ATMs is an idea past it's prime. Banks don't want them anymore so they'll try to unload them on whoever comes around. There will be a modest rebound in their use once COVID subsides but the long-term trend is heavily cashless.

Investors - LC / Re: RIP Lendingclub Notes
« on: January 13, 2021, 07:50:40 PM »
I sent a question on January 3rd and still no response. How long should we expect to wait?

I have enough investment accounts now that I really don't care until I have most of the forms in hand. Probably the second week of February I can get started.

General Lending Club Discussion / Re: Short Squeeze or the Real Deal?
« on: December 08, 2020, 02:08:43 AM »
I think the thing that you're missing is that the market likes the shutdown of the retail platform. It's a cost center that wasn't generating enough volume to justify itself. I really don't think that there is any definitive evidence that LC has turned the corner though.

Investors - LC / Re: Collections when the Notes platform is discontinued
« on: December 04, 2020, 11:41:17 PM »
My guess, and it's just a guess, is that the recoveries will be about 95% complete about a year after your last loan pays out.

Investors - LC / Re: Loan Availability by Initial Listing Status, 17Q3
« on: December 04, 2020, 11:36:41 PM »
It's been slim pickings. I have a hard time finding homes for what my $13,000 account throws off. I wouldn't even want to think about managing $100 K. I would probably resort to buying $100 lots. With LC on the verge of shutting down retail I'm sure most people could give a wit.

Introductions / Re: Hello Everyone
« on: November 24, 2020, 11:29:20 PM »
Welcome. You will find that there is not much going on but please check it out.

Years ago I was declined for a Prosper loan because my debt to income ration and revolving balances were too high. I did get to talk to an underwriter but it did not help I was still declined.

Investors - LC / Re: Collections when the Notes platform is discontinued
« on: November 24, 2020, 01:14:28 AM »
I think that Lending Club collections are already getting less emphasis. I checked the detail pages on 3 past due notes and none of these had any new collection notes.

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