Author Topic: 8 day delay of part of a payment?  (Read 2131 times)


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8 day delay of part of a payment?
« on: February 15, 2015, 02:36:11 AM »
Loan #32619643 made a scheduled payment on 2/3/15, which settled on 2/6/15.  According to the loan/note page, my amounts were $121.65 principal, $76.60 interest. 

On 2/6, according to my account activity page, some money arrived from this loan, but it was $88.32 principal, $76.60 interest.  Some money is missing!

On 2/14 (a saturday), account activity page says $33.32 of principal arrived for this same loan.  There is no corresponding payment on the loan page.  This would appear to be the money missing from the 2/6 credit to my account.

Anybody see this before or have an explanation? 

Why, I wonder, was a portion of the principal delayed an extra 8 days?


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Re: 8 day delay of part of a payment?
« Reply #1 on: February 15, 2015, 11:14:59 AM »
I knew they would combine multiple payments into a single line on the Payment History but I never thought about the interest.

LendingClub drops interest in any number of cases, e.g. when payment dates are rescheduled, or if a loan is paid off early. Accrued Interest is kind of a fiction, since LendingClub calculates interest monthly (30/360 day count convention).

Is your loan paid off? Or is there still outstanding principal? Maybe you can check back and see what happens with the interest when the next regularly scheduled payment takes place.

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« Last Edit: February 15, 2015, 11:16:35 AM by yojoakak »