Author Topic: Investing in same loan over and over!!!! 19 times on one of them!  (Read 3427 times)

YellowSeed

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I have not touched my BluVestment account in quite some time and thought everything was going along great until today.  I do not manually place orders or place orders through any other website.

I just checked my email and noticed multiple loan order notification emails from Lending Club that had the same number of loans and the same exact weighted average interest rate.  I never place more than $25 in any individual note so I first sorted my pending loans by value and all were $25.  Then I sorted by Loan ID and noticed some matches.  I clicked on these matches and, sure enough, they were the same loan.  I have not looked through all the loans, but on one note I have invested in the same note 10 times!  And another I have invested in the same note 19 times!!!!!  These notes appear to be P2P Picks Loss Minimizer notes that were not fully funded in a short period.  I sure hope these are good notes!

I don't check each loan that BluInvestment makes on my behalf, but I do scan each email that lending club sends me.  I would have noticed this relationship before, this must have only been happening for a day or two. 

I double checked my settings on BluVestment and it is set to $25 per note and 1 note per loan.

It should be noted that the multiple investment examples above have identical Loan IDs, but different Note IDs.

I have disabled BluVestment for now, please advise when it is safe to turn it on again.

lascott

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Re: Investing in same loan over and over!!!! 19 times on one of them!
« Reply #1 on: May 15, 2014, 09:55:10 AM »
It should be noted that the multiple investment examples above have identical Loan IDs, but different Note IDs.
Perhaps you could download use count the unique LoanIDs and unique NoteIDs.

https://www.lendingclub.com/account/notesRawDataExtended.action

Count unique values in excel: http://www.excel-easy.com/examples/count-unique-values.html
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

bbdinh88

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Re: Investing in same loan over and over!!!! 19 times on one of them!
« Reply #2 on: May 22, 2014, 05:49:52 AM »
Yes, i do have the same problem.
On May/14/2014, one of my filters invested 8 times in one loan (Loan ID: 16322466) and another filter invested 7 times in 16393005 (-_-)
My set up is 2 notes/each $25/per loan. It happened on the same date.
Has anybody else this issue on the same date? Is the system running properly, Nathan?

 

lascott

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Re: Investing in same loan over and over!!!! 19 times on one of them!
« Reply #3 on: May 22, 2014, 08:49:27 AM »
I bought 11 notes on 5/14/2014 without any problems.  I have bought multiple times per day each day since then as well without any issues.

What is the source of "examples above have identical Loan IDs, but different Note IDs."?
Was there something unusual that Lending Club did that day?
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

bbdinh88

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Re: Investing in same loan over and over!!!! 19 times on one of them!
« Reply #4 on: May 23, 2014, 09:15:47 AM »
Yes, same Loan IDs and different Note IDs.
It only happened on May 14. Since then, everything has run normally.