Author Topic: Lots of recoveries today!  (Read 1922 times)

merits

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Lots of recoveries today!
« on: September 26, 2014, 01:55:54 PM »
Anyone experienced this? I have received a net $214 recoveries on today! More than all I have received since my account opening 1 year ago .
I am wondering if LC was holding my recovery money for quite some time

Kombinator

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Re: Lots of recoveries today!
« Reply #1 on: September 26, 2014, 02:13:55 PM »
Yep got some recoveries as well, small number outright but list more than I have ever seen, and lots more than I expected which was 0:)

Randawl

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Re: Lots of recoveries today!
« Reply #2 on: September 26, 2014, 07:16:12 PM »
Anyone experienced this? I have received a net $214 recoveries on today! More than all I have received since my account opening 1 year ago .
I am wondering if LC was holding my recovery money for quite some time

Brilliant of LC to start charging you a fee in addition to the "service" fee and reclassifying payments from notes late 16-120 days to collections/recoveries and at the same time make you think you are getting better value out of your delinquent notes.

http://www.lendacademy.com/forum/index.php?topic=2595.0


Anyone experienced this? I have received a net $214 recoveries on today! More than all I have received since my account opening 1 year ago .
I am wondering if LC was holding my recovery money for quite some time


Yes.  Similar (but not quite) to how Web Bank holds your money invested in new issues for several days for free (on you).
« Last Edit: September 26, 2014, 07:21:07 PM by Randawl »