Author Topic: Question about payments  (Read 1919 times)

jd

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Question about payments
« on: September 01, 2017, 11:36:51 AM »
Hello all. Thank you for your time.

I was wondering about the payment dates for an notes I may purchase.  Will I get paid on day 30 after the loan is approved? Or dose Lending Club hold all the money collect and just pay the investors one or two days a month?

Thanks

dbailey75

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Re: Question about payments
« Reply #1 on: September 01, 2017, 01:27:22 PM »
You get paid roughly when lending club gets paid, note payments take 3-4 business days to process once received by lending club before they hit your account. Payments hit around 9:50 EST every business day, assuming you have payments that day

jd

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Re: Question about payments
« Reply #2 on: September 02, 2017, 11:31:30 AM »
Thanks you very much.