If this continues, I will just let the payments build up and slowly shift over to Prosper.
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Do any of you have a preference as to an alternative to Lending Club?
I'm in both LC and Prosper. I'm trying to build my investment at P, but I find it very difficult. I get one or two loans that match my filter about every 2nd or 3rd day. My P filter is much looser than my LC filter, but still is difficult.
If the recent low volume at LC is getting you down, then P is not a magic solution.
From what I've seen, Prosper is much less friendly to retail. The above seems to confirm it.
I haven't had to fund a loan on the primary market since this all started. I've been buying on Folio. Plenty of options for me, but I don't reach as far down the credit spectrum as some. And surely don't have a six+ digit portfolio like others.
There are surely short term annoyances for us. But what do you guys really want? LC to try to meet our needs, possibly overshoot, and add more risk to this business. I'd prefer to have my access to consumer credit for years and if that means a slow couple months, so be it. I doubt many people will even remember this time period a few years from now.
I'm a little worried what this forum is going to sound like next recession. If cash drag has people so upset I can only imagine what losses are going to do to our psyche
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