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Messages - parker

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Investors - LC / Re: "Credit for Ineligible Loan"
« on: November 06, 2014, 09:53:37 PM »
Another scenario would be if an "ineligible" note was charged off. Did the investor get a credit for this note?

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Investors - LC / Re: "Credit for Ineligible Loan"
« on: November 06, 2014, 07:02:50 PM »
email rcvd from lc

Due to a system error, some loans that were not eligible for investment by retail investors were made available through the Lending Club platform. We have resolved the issue and removed all notes corresponding from ineligible loans from investors' accounts and credited investors the amount of any outstanding principal and accrued interest for such notes.

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Investors - LC / Re: "Credit for Ineligible Loan"
« on: November 06, 2014, 03:56:39 PM »
I had 10 loans credited for ineligibility so far today out of ~650.

I was able to find one loan that was credited. It was subGrade A3. Interestingly almost all of the fields in the loan detail were blank. It was a NoteType = 1.

Parker

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