Same issue here, they offered no information around the adjustment they shall make for the double payout of principal so I have questioned them for detail r.e this as should be expected.
Printable View
Kelvin - Had the same problem - when I asked them about it they said they had both my old and new account numbers and their system had used the old account number. Told them that I could only see my new account number on their system and there was no option of entering two account numbers. They were not able to explain that? I think what happened was that they had done a restore at some stage which reverted my account number back to the old number.
Unless Investor it's like my current long running query with them... that I've followed up a couple of times and yes it's been esculated. ... but absolutely no reply, response or fix.... absolutely zip!
Maybe they're a bit like goldfish in a bowl at the moment swimming around in circles and achieving pretty much nothing!
I too got their emails yesterday .... and yes I'd be interested to hear if you are satisfied by any detail that's supplied!
No other comment required!
http://www.dictionary.com/browse/disharmony
Attachment 8395
And on the opposite side of reality LC continues to offer a faultless service, although there are very few loans to invest in,
To be a little bit of a devil's advocate. LC isn't faultless. There was the example a few days ago that their start and end dates are inaccurate. I also think they get away with stuff because they provide so little information compared to Harmoney. Whereas Harmoney have a fair bit of info, so it's sometimes obvious when they have stuffed up. Of course Harmoney do stuff up more than they should.
Have been investing with LC for just over 10 months now and have a total of 210 Open and Closed loans.
Mixed with Squirrel and Old Harmoney loans.... Although the rate that they churn and Re-write it only takes a little over 6 months to get 50% of your funding back!!
Below is the breakdown of where my funding is placed today ( over 15 month total investing and readjusting >
Attachment 8402
By the way no written off Capital over at LC ( yet ) a few arrears here and there but so far always got made good.
Squirrel has their 'Slush Fund' so even if a loan is written off it is still paid out to Investors!
Happy Days....
How is everyone structuring their loan risk grades for their portfolio? Most people I have come across seem to prefer going with loans around the D grade mostly for a higher return, assuming there is no large economic event. At the moment I'm considering structuring mine as 40% A, 30% B, 20% C and 10% D. (Currently it is mostly A/B with some C) I prefer to not lend at such high interest rates and also am happy with a stable RAR of around 12%.
Any comments on this grade structure or how you are structuring your portfolio?
How is every-one enjoying or (not) Auto-Lending.
I like it, investing when I'm out doing other things.
I have averaged 13.6% over the last 18 months with a portfolio broadly evenly split A,B,C, and D. This is slightly above the platform rate though I built a lot of my volume during the period when fees were low. However, I can't see that a diversified portfolio of E's and F's would be much more profitable and therefore, for me, they are not worth the risk.
I'm a fan but would prefer a complete set of filters eg Defaults and Enquiries. I still read a few of the stories to get a feeling of the general level of quality of applications though of course this is a bit hit and miss. I am sticking with the old lending limits for now.