You sure do have be quick to get into LC loan these days. Email alert of new loan came in today @ 3:40pm. At 3:57pm same loan is 62% funded. Snooze you lose
Anyone had any write offs at LC?
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You sure do have be quick to get into LC loan these days. Email alert of new loan came in today @ 3:40pm. At 3:57pm same loan is 62% funded. Snooze you lose
Anyone had any write offs at LC?
I currently have one in arrears, but is only 2 or 3 days.
I am annoyed with myself for not taking screenprints or photos of the details page of each loan i placed funds into.... in the early few months of my investing into Harmoney i did so, but that just grew too large & then too HM ultimately made their links to viewing that detail so easy.... i was hoping LC was going to move towards offering access to more detail on their site, but nothing as yet!
So best i do start gathering this detail like you currently do Saamee ...
Hi. So I've taken the leap. I've chosen to start with LC and am starting to build up my diversified loans. Lucky for me there were two loans today.
Do people rely on the LM for a summary of your situation or have people created their spreadsheet. I'm no good with spreadsheets so I'm hoping the LM summary is good enough.
New loan up at 125pm today. @ 142pm today nearly all subscribed. Way to go LC. Be good of you could get more loans to invest in. Way too lean on offerings since your launch.
LATEST EMAIL UPDATE TO INVESTORS::
Of note is the volume of writeoffs and average NAR. 5 out of 32million loans get written too. .That explains why the quality is so high, they must carefully vet each applicant.Quote:
I'm sure, like us, you're finding the year is speeding to a close now. The end of the year will mark Lending Crowd's first year anniversary and we thought we'd share a few statistics with our investors to give you an insight into the platform to date:
Loan applications received: $32,378,150.00
Loans written: $5,020,140.00
Write offs: None
Available for investment (monthly av. last 6 months): $456,792.00
Personal loans: 92%
Business loans: 8%
Loans secured with vehicles: 74%
Loans secured with property: 4%
Loans secured with property and vehicles: 22%
Investors: 482
Average investors per loan: 40
Average return (NAR): 12.65%
Wow!!! An impressive first year.