Over the last month or so I have been quite frustrated trying to invest new and repaid funds into LC. I can only check emails 4/5 times a day, so I miss out on a lot of B grades. This results in an average of 1K not working and when you add the fact that there is usually a good few days delay in new loans being activated, this also adds to the problem.
I decided to compare results over a 16 month period between LC and Harmoney, it is interesting as I was discouraged with Harmoney because of what I considered excess defaults and consequently stopped investing new funds. However, over the 16 months with a similar rate of depositing moneys my returns from Harmoney are much better than LC.
LC---25k invested for a return of $2030 gross interest.
HM---17k invested for a return of $2231 less $188 defaults = $2043.
Almost the same result with $8k less outlaid.
So I am back plugging away at HM and am doing my best to keep fully invested at LC