Author Topic: New Prosper and Lending Club Criteria  (Read 4110 times)

Emmanuel

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New Prosper and Lending Club Criteria
« on: May 02, 2014, 07:05:12 PM »
We just added a few criteria to the 'Investment Rules' section...

For Prosper:

- Loan amount
- Amount delinquent
- Number of inquiries in the last 6 months
- Debt-to-income ratio
- Number of open credit lines
- Revolving balance
- Bankcard utilization (in % of max)
- Annual Income

For Lending Club:

- Number of accounts opened in the last 24 months
- Expected Return
- Highest Expected Returns

thezfunk

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Re: New Prosper and Lending Club Criteria
« Reply #1 on: May 03, 2014, 07:13:09 PM »
That is awesome!  I have been waiting for more filter criteria for Prosper. 

I do seem to have found a bug, however.  When trying to filter by stated income, whenever I move the bottom slider it defaults to $19,500 every time.  I am not sure why but it starts at $50,000 and if I attempt to move it at all it defaults down to $19,500 and I can't change it.

Also, although you have added a bunch of criteria I am still waiting on 'Employment Status' and 'Length of Status'.  Those are the two that keep me from using your service full time.

BruiserB

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Re: New Prosper and Lending Club Criteria
« Reply #2 on: May 03, 2014, 08:24:33 PM »
Interested to see how your algorithm for expected returns works out.  Will you be doing a blog post or other disclosure of how you developed/tested your algorithms?  Obviously don't expect you to reveal anything proprietary, but just curious about any general info you can reveal.

This development prompted me to agree to your new T&Cs and fee structure.  :-)  Looks like my account is still pending reactivation though.  About how long does that take?  Anxious to see some of your top picks!

Emmanuel

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Re: New Prosper and Lending Club Criteria
« Reply #3 on: May 04, 2014, 12:58:28 PM »
That is awesome!  I have been waiting for more filter criteria for Prosper. 

I do seem to have found a bug, however.  When trying to filter by stated income, whenever I move the bottom slider it defaults to $19,500 every time.  I am not sure why but it starts at $50,000 and if I attempt to move it at all it defaults down to $19,500 and I can't change it.

Also, although you have added a bunch of criteria I am still waiting on 'Employment Status' and 'Length of Status'.  Those are the two that keep me from using your service full time.

Thanks for pointing that out. We fixed the bug yesterday night, hopefully it will be released on Monday.

As for 'Employment Status' and 'Length of Status', I'm adding them in our to-do-list right away!

Emmanuel

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Re: New Prosper and Lending Club Criteria
« Reply #4 on: May 04, 2014, 01:03:24 PM »
Interested to see how your algorithm for expected returns works out.  Will you be doing a blog post or other disclosure of how you developed/tested your algorithms?  Obviously don't expect you to reveal anything proprietary, but just curious about any general info you can reveal.

I'm polishing the draft, we'll explain very precisely how it works... Hopefully next week or so (this week I'm at LendIt, of course ;-)

This development prompted me to agree to your new T&Cs and fee structure.  :-)  Looks like my account is still pending reactivation though.  About how long does that take?  Anxious to see some of your top picks!

Excellent! Your account has just been re-activated, by the way.

BruiserB

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Re: New Prosper and Lending Club Criteria
« Reply #5 on: May 04, 2014, 03:56:56 PM »
Thanks!  Have a great week at the conference.....looking forward to hearing news on the forums!