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Yeah I'm an LC loan investor and this doesn't move the needle for me. What other bank or lending institution publishes this amount of loan data? Does this impl

Yeah I'm an LC loan investor and this doesn't move the needle for me. What other bank or lending institution publishes this amount of loan data? Does this imply that LC is more transparent or less than most lenders? Investors in the stock may be hurting, but my loans are still in the black, and have been for the past 4 years since I started.

pc86 10y ago
Does the article's statement about investor demand outpacing borrower demand jive with your experience? I've been thinking about putting some money into LendingClub (was a borrower several years ago and had a good experience) but I've been hearing for a while that it's very difficult to get the good loans because they get snapped up quickly, often by large lending institutions. Often what is left are very risky and/or very far from being funded.
- dforrestwilson1 10y ago
  I don't have good insight into the potential for demand/supply imbalance or how loans are distributed. I would like to believe that LC gives all investors a fair chance at equivalent loans, but I only use the auto-trade mechanism and match the portfolio. What I HAVE noticed this month is that my cash is piling up. It looks like LC is currently not offering the best rate to potential borrowers? I'm OK with that personally.
- kbob 10y ago
  I put money into LC's automated investing system 25 days ago. The money has been gradually lent out, and I expect the last loan to close today or Monday. There were plenty of borrowers at the low-risk, low-interest end of the scale, but it took a long time to lend out the money in my high-risk pools. It's too early to extrapolate, but I expect a noticeable fraction of my money to be uninvested most of the time. LC's documentation says lenders with a large uninvested percentage get priority over lenders who are almost fully invested. That matches my experience. I hit 80% invested in four or five days and waited until now for the last 20%.
  - pc86 10y ago
    So the moral of the story is to put in ~20% more than you want to invest then pull the remainder out once you hit about 80% allocation? :)

pc86 10y ago

Does the article's statement about investor demand outpacing borrower demand jive with your experience? I've been thinking about putting some money into LendingClub (was a borrower several years ago and had a good experience) but I've been hearing for a while that it's very difficult to get the good loans because they get snapped up quickly, often by large lending institutions. Often what is left are very risky and/or very far from being funded.

dforrestwilson1 10y ago
I don't have good insight into the potential for demand/supply imbalance or how loans are distributed. I would like to believe that LC gives all investors a fair chance at equivalent loans, but I only use the auto-trade mechanism and match the portfolio. What I HAVE noticed this month is that my cash is piling up. It looks like LC is currently not offering the best rate to potential borrowers? I'm OK with that personally.
kbob 10y ago
I put money into LC's automated investing system 25 days ago. The money has been gradually lent out, and I expect the last loan to close today or Monday. There were plenty of borrowers at the low-risk, low-interest end of the scale, but it took a long time to lend out the money in my high-risk pools. It's too early to extrapolate, but I expect a noticeable fraction of my money to be uninvested most of the time. LC's documentation says lenders with a large uninvested percentage get priority over lenders who are almost fully invested. That matches my experience. I hit 80% invested in four or five days and waited until now for the last 20%.
- pc86 10y ago
  So the moral of the story is to put in ~20% more than you want to invest then pull the remainder out once you hit about 80% allocation? :)