That's it for me. It's just not worth the time clicking on Lending Crowd emails promising new loans. Even if I take less than 5 seconds from receiving the email, a $20,000 loan is already gone.
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That's it for me. It's just not worth the time clicking on Lending Crowd emails promising new loans. Even if I take less than 5 seconds from receiving the email, a $20,000 loan is already gone.
Me too. Gets so frustrating. It took me over two years to get $40k invested and will take a while to get that out. This is no longer investing as you have no time to have a look at the loans. But what really Pi....s me off is that when they banned the auto investor software only the honest ones complied and they are still being used with no repercussions.
P2P lending is now misleading as most loans are filled by wholesale investors on both LC and Harmoney. Only Squirrel Money is purely for retail investors, for now.
There has been a rise of new loan listings on LC in the last two days, the majority of referred loans with 25% fee though. It will interesting to see if the supply remains like this. I managed to get into 7 loans since Monday
Fellow LC Investors!
Today LC released 2 x Loans onto the LC platform for us Investors...
However today I received NO Email Alerts form LC.
Just wondering who else may be starting to think that they are NOT receiving All and Every Email Alert form LC???
I didn't receive any text notification for these two loans either
I received notifications for both loans last one at 2.20pm
I am using Gmail, have you checked spam folder?
Maybe the auto trading is triggered by the email notification.....
Does any one have a record what kind of security was on LN000-063-992
"Loan note LN000-063-992 has been written off. No distributable amount could be collected in the collection process. The principal balance on LN000-063-992 was $47.42 meaning a $47.42 principal write off has been made to your account."
Seems referrals outnumber ordinary lending crowd loans Lending crowd can't be doing a very good job chasing loans; however any loans are better than none
Do we know if LC lends money themselves as well before the loans hit the market? They did raise some money not long ago
No. Not before the loans hit the market.
Yes, after the loans are on the board and only of the loans remain unfilled before the expiry date \ time.
Then they pick up the remaining funding required.
Are you referring to the Email looking for funding for Finance Direct??? ( this went out to all LC customers )
Yes Finance Direct.
Their loan activity picked up a bit with referral loans but seems to have gone quite again.
2 x Massive loans hanging around on the LC Loan board.....
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