Author Topic: Bonus payment  (Read 631 times)

JDII

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Bonus payment
« on: September 09, 2020, 03:54:26 PM »
Information regarding the bonus payment offered was included with August statement communication

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We’re happy to share that you have a bonus payment coming your way. As a reminder, you earned 50 basis points, or 0.5%, in bonus payments on your new Note investments during our Bonus Payment Program in the months of June, July and August.
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titlewealth

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Re: Bonus payment
« Reply #1 on: September 11, 2020, 07:48:23 PM »
which platform was this from?
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JDII

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Re: Bonus payment
« Reply #2 on: September 12, 2020, 02:12:29 PM »
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which platform was this from?

I am not sure I understand your question. It in my Lending Club account.

I got the bonus Friday.


LA87654

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Re: Bonus payment
« Reply #3 on: October 14, 2020, 12:56:38 AM »
I'm surprised no one has mentioned that after the fact, LC gave a bonus for September notes as well.  It is bizarre since doing it after the fact did not motivate more investment.  I have a theory, but I was not motivated enough to check it out.  Did they only give the bonus for notes that reached an "issued" status before the end of the bonus period?  Maybe they felt there was legal doubt if they didn't pay out money invested in notes that did not reach an issued status until after the original bonus period?  I doubt they gave out the extra bonus just to be nice.  The fact that no on has posted on this indicates it didn't buy much good will.

macroman7799

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Re: Bonus payment
« Reply #4 on: October 16, 2020, 09:20:39 AM »
I think the bonus payments are an indication that Lending Club did not have some diabolical plan years in the making to shut down the retail platform. They were trying to keep it viable and just recently decided that it is not viable.

The Folio Secondary Notes platform shutdown was likely outside of Lending Club's control.

Fred93

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Re: Bonus payment
« Reply #5 on: October 16, 2020, 05:08:35 PM »
I think the bonus payments are an indication that Lending Club did not have some diabolical plan years in the making to shut down the retail platform. They were trying to keep it viable and just recently decided that it is not viable.

Nah.  The other evidence is so overwhelming.  I suspect that the bonus payments are better attributed to left hand not coordinated with the right hand.

But, for the record, I have never called it "diabolical".  Just practical disinterest.