Do you recall WHAT the Security was??


Property or Vechicle??


If property you would expect a payment.


If a Vechicle was the Security - It may not have been insured and the Vechicle 'written off \ crashed'


An Email to LC support should get you an answer as to what the Security was if you do not recall.


It has always been a bug bear of mine that you are unable on the LC platform to go back and look at the original loan info we Investors were offered originally!!



Quote Originally Posted by Mike64 View Post
just experienced my first 100% write-off of a secured C2-S-10% loan. I wrote them asking for more information like why the security didn't kick in. No response however. Not very satisfying.

To add to this we all observed that there were hardly any own 10% flex loans available anymore from one day to another since about 2 months ago or 3. With exception of some very few very low risk ones.
Wondering if there is some kind of profit margin polishing happening like selling own loans as referred 25% flex loans. Please let me be wrong on this.