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Messages - Lovinglifestyle

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I thought I read that they charge .8% to manage the account.  Is this true? If so, .8% of the average balance?

Investors - LC / Re: Has LC loan quality dropped?
« on: December 22, 2012, 02:52:50 PM »
Could it be that more responsible people have learned that trying to borrow your way out of debt is a bad idea?

Investors - LC / Re: Do you see more late notes during the holidays
« on: December 20, 2012, 10:06:02 PM »
I have 17 Late (31-120 days) notes for sale at 50% off of the principal only.  They are not selling.  The 18th one went into default today.  I don't know whether to keep reducing the price or to just let the listings run out and wait to see what they look like in January.

Originally there were 20 more, in assorted stages of lateness.  11 of those are now current and the other 9 have either made a partial payment or are on a new Payment Plan.

Another 3 somehow sold early (12-05 to 12-12), while I was getting used to the pricing conundrum.  Of those, one has paid in full, one is now on a Payment Plan, and the third is in Ch. 7 bankruptcy (sold for $2, on $24.47 principal).

There are so many currents going grace and graces going current every day that I am ignoring them.  They are no longer on my list of concerns.  Today, 7 went each way!

The people at LC must be hard pressed to keep up the call priority lists!  Sure glad that isn't on MY to-do schedule!!

Sorry this was so long.  I'm not very good at knowing when to stop typing.  :-\

Interest Radar / Re: Suggestion thread
« on: December 10, 2012, 05:47:14 PM »
Pacific time 6, 10, 2, and 6 was the last I heard.  Where I am (Utah), that's 7AM, 11AM, 3PM, and 7PM.
However, I see 1-3 new notes cropping up between those times in the E-Gs I'm looking at.  Weekends are an enigma to me.  Sometimes I see a few at a time come on, and sometimes on Sunday evening when I thought I had the evening off--bang, a whole bunch, and there goes my free time!

After a conversation with a fairly knowledgeable individual at Lending Club...

The big news in this thread is that there is a 'fairly knowledgeable' rep at LC. Please post her extension!

Haha! In my 3+ years investing with Lending Club, I have noticed a constant decline in the level of knowledge that investor service reps have had over the years - she restored my faith that some of them know their stuff, are friendly, and know how to keep investors happy.

You asked for it, so here it is :)

Rachel Lee

I second that.  She has been helpful, professional, knowledgeable, and friendly to me too.  This was after I explained myself six ways to Sunday to two other people.

Is there some easier way to relist notes on the canceled list than finding them again on the general all notes list? 

I can't believe there isn't a "Relist" box to check after a note is removed for "Loan PAYMENT", or by "User" for whatever reason.  That happened to 4 of mine yesterday.  I'm on a Folio learning curve and it's gobbling up re-investment time!

Interest Radar / Re: New Feature: IRR and NAR tracking
« on: November 30, 2012, 08:44:56 PM »
Haven't used it yet, but that sounds awesome!  I've long wished that LC would automatically provide that on the account page.  The "Investment (includes In Funding)" dollar figure annoys me a lot.  What matters is deposits and withdrawals, not reinvestment of what they give back to you from another investment.

When a note is sold rather than charged off, what happens to the calculations?  Seems to me that Folio and LC should be able to communicate somehow.

Interest Radar / Re: Secondary market ideas?
« on: November 30, 2012, 08:30:03 PM »
Thank you very much!  That will help a lot! 

Maybe Folio will decide to help by letting us click on the column headings to sort the data like LC does.

Again, thank you.   

Interest Radar / Re: Secondary market ideas?
« on: November 29, 2012, 12:27:17 PM »
The Interest Radar Alert tells me some Graces went Current today, and I'd like to know if those are still on the sell list or if they're on the sold (pending) list on Folio.  This was hard to find out because Folio has Note ID numbers instead of Loan ID numbers, among other non-correlating columnar information.

All I can think of that would help, since Folio can't be helped (!) is that maybe the IR Alert could have columns for title and for Note ID.

I can't believe new listings on Folio just get mixed in with old listings without regard to anything resembling an order number. 

If you and Sarah could go to work for Folio, that would help the most! 

Investors - LC / Re: LC is planning to go public!!!
« on: November 28, 2012, 10:52:28 PM »
I heard this information on the Clark Howard Show.  He also recommended small business owners look at Lending Club and Prosper for easier funding than banks (2nd time at least that he's referenced both companies).  He mentioned research and statements by Amazon and "evenPayPal" about planning stages.  He made it sound about two years down the road.  This did not sound like good news to me!

Thank you for your comments on the subject!

Investors - P / Re: How Can Prosper Improve for Investors?
« on: November 27, 2012, 12:34:24 PM »
Dagilbe, +1 for above post.  Thanks for writing it all out.

#s 2,3,5, 9 if possible, and 10 would get me back on board.  LC loses points for ease of use, but at least it has some information. 

Investors - LC / Re: LC is planning to go public!!!
« on: November 27, 2012, 12:17:15 PM »
For what it's worth, I was wondering what impact Amazon and PayPal might have on LC if they get something similar going as they say they are working on.

Suggestions / Re: "Show unread posts since last visit" Not Working
« on: November 18, 2012, 09:08:55 PM »
My problem is that the unread posts that show are from several threads, which is interesting but I still have to manually find the place I left off reading on each thread.  Other sites don't work that way.  They just go to what I haven't read yet on the current thread I'm trying to read--big time and frustration saver!

Introductions / Re: Suggestions Thread
« on: November 14, 2012, 03:46:02 PM »
No, thanks, that is fine.  Somehow I kept overlooking that, although I thought I'd checked everything  because I swore it must be there someplace!!  Apparently I had blinders on.  So sorry.  Thank you, and I'm sorry for troubling you!!

Introductions / Re: Suggestions Thread
« on: November 14, 2012, 02:00:28 PM »
Would it be possible to have a "View First Unread" button, now that there is a lot to look at?

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