Comments on: Review of My First Loans with Lending Club http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/ Lending Club and Prosper.com Experience Fri, 25 Jul 2008 12:33:33 +0000 http://wordpress.org/?v=2.6 By: Lending Club Update: My First P2P Loan Delinquency | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-533 Lending Club Update: My First P2P Loan Delinquency | Personal Loan Portfolio Tue, 27 May 2008 12:25:01 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-533 [...] the site map. Thanks!Sorry for being nearly as quiet as Lending Club lately. A quick update on my Lending Club portfolio is in order. Most importantly, I had my first late loan. It is only 16-30 days late, but as most [...] [...] the site map. Thanks!Sorry for being nearly as quiet as Lending Club lately. A quick update on my Lending Club portfolio is in order. Most importantly, I had my first late loan. It is only 16-30 days late, but as most [...]

]]> By: Lending Club Referral Program is Currently Dead… | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-371 Lending Club Referral Program is Currently Dead… | Personal Loan Portfolio Wed, 09 Apr 2008 04:00:05 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-371 [...] was a good one — I earned over $300 in referral fees through this website by blogging about my experience creating a portfolio, creating a video, gathering advice for new lenders, the inception of the referral program and the [...] [...] was a good one — I earned over $300 in referral fees through this website by blogging about my experience creating a portfolio, creating a video, gathering advice for new lenders, the inception of the referral program and the [...]

]]> By: Review of Lending Club Update: New Portfolio View, FICO Score, & More | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-244 Review of Lending Club Update: New Portfolio View, FICO Score, & More | Personal Loan Portfolio Thu, 24 Jan 2008 04:17:50 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-244 [...] and after screen shots below.) Many of the improvements are items that I requested in my initial Lending Club review. My suggestions included in the update [...] [...] and after screen shots below.) Many of the improvements are items that I requested in my initial Lending Club review. My suggestions included in the update [...]

]]> By: P2P Lending is Naked Finance: Everyone is Watching | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-212 P2P Lending is Naked Finance: Everyone is Watching | Personal Loan Portfolio Mon, 21 Jan 2008 01:10:35 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-212 [...] I opened my blog to reflect…. Why am I nervous about bidding? I had no problem lending on Lending Club for a total of about $1,000 to date. So why is Prosper Marketplace [...] [...] I opened my blog to reflect…. Why am I nervous about bidding? I had no problem lending on Lending Club for a total of about $1,000 to date. So why is Prosper Marketplace [...]

]]> By: My First Lending Club Payments All on Time | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-200 My First Lending Club Payments All on Time | Personal Loan Portfolio Fri, 18 Jan 2008 03:51:27 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-200 [...] Loan Portfolio RSS feed or take a look at the site map. Thank you for visiting!I checked my initial Lending Club portfolio and all the first payments have arrived on time. It is a minor milestone considering that each [...] [...] Loan Portfolio RSS feed or take a look at the site map. Thank you for visiting!I checked my initial Lending Club portfolio and all the first payments have arrived on time. It is a minor milestone considering that each [...]

]]> By: In Limbo http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-115 In Limbo Sun, 16 Dec 2007 15:01:02 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-115 I agree that there are not enough loans to chose from. I do not like that every time you bid you have to create a new portfolio. I would like to be able to add to a portfolio. Yes, I can rename a portfolio to something meaningful, but I'd like to be able to group all my bids vs all my LC chose bids. If my full $500 doesn't end up in funded loans, I have to either bid another $500 or hand pick the loans to reach the investment that I want. My plan was to do my lending club investment just by the numbers (with an occassional exception) and I can't do this! I do like that a borrower can accept partial funding. 14 days is a long time to tie up money and then not have a loan fund. I agree that there are not enough loans to chose from.

I do not like that every time you bid you have to create a new portfolio. I would like to be able to add to a portfolio. Yes, I can rename a portfolio to something meaningful, but I’d like to be able to group all my bids vs all my LC chose bids. If my full $500 doesn’t end up in funded loans, I have to either bid another $500 or hand pick the loans to reach the investment that I want. My plan was to do my lending club investment just by the numbers (with an occassional exception) and I can’t do this!

I do like that a borrower can accept partial funding. 14 days is a long time to tie up money and then not have a loan fund.

]]> By: Rex Dixon: Social Media Director of Lending Club Blog | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-95 Rex Dixon: Social Media Director of Lending Club Blog | Personal Loan Portfolio Sun, 16 Dec 2007 07:04:11 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-95 [...] rather than a full title url title such as this one I posted on my initial review of lending club (http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/) which is much more search engine and eye [...] [...] rather than a full title url title such as this one I posted on my initial review of lending club (http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/) which is much more search engine and eye [...]

]]> By: Added Another $500 to My Lending Club Account | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-94 Added Another $500 to My Lending Club Account | Personal Loan Portfolio Sun, 16 Dec 2007 05:55:16 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-94 [...] is added to the account. I must admit that due to the income tax treatment of P2P loans and my initial review of Lending Club, I had hoped for other results. However, I put it to a vote and I will accept the [...] [...] is added to the account. I must admit that due to the income tax treatment of P2P loans and my initial review of Lending Club, I had hoped for other results. However, I put it to a vote and I will accept the [...]

]]> By: Lending Club ROI Bonus: 5% extra return as a “Thank You!” | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-76 Lending Club ROI Bonus: 5% extra return as a “Thank You!” | Personal Loan Portfolio Sat, 15 Dec 2007 03:45:09 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-76 [...] to my experience, Lending Club might have been better off offering a discount to borrowers because I found borrowers lacking. Maybe Lending Club should offer payment forgiveness on the last three payments to borrowers. [...] [...] to my experience, Lending Club might have been better off offering a discount to borrowers because I found borrowers lacking. Maybe Lending Club should offer payment forgiveness on the last three payments to borrowers. [...]

]]> By: Poll Results: Investing Next $500 with Lending Club | Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-73 Poll Results: Investing Next $500 with Lending Club | Personal Loan Portfolio Fri, 14 Dec 2007 04:59:52 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-73 [...] majority versus Prosper.com’s 18 percent (8 votes). Despite, my original conclusions that Lending Club is an inferior investment to the S&P 500, only six votes (including one of my own) selected the S&P 500. And Zopa was even further [...] [...] majority versus Prosper.com’s 18 percent (8 votes). Despite, my original conclusions that Lending Club is an inferior investment to the S&P 500, only six votes (including one of my own) selected the S&P 500. And Zopa was even further [...]

]]> By: LenderBe http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-63 LenderBe Wed, 12 Dec 2007 07:00:57 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-63 Thanks Sidney. I thought you might not be able to display the FICO score or else you would have done so. Good luck coming up with a new alternative and thanks for listening to my suggestion on the unanswered questions. Thanks Sidney. I thought you might not be able to display the FICO score or else you would have done so. Good luck coming up with a new alternative and thanks for listening to my suggestion on the unanswered questions.

]]> By: Sidney Chen http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-53 Sidney Chen Sun, 09 Dec 2007 17:23:25 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-53 You are correct that we cannot display a borrower's FICO score directly. However, we are already discussing enhancements where we can make the "credit score" element more accessible to our lenders. Also, thank you for the suggestion on displaying the number of unanswered questions. We will review and see how we could implement something like this. Sidney Chen Director of Product Strategy Lending Club You are correct that we cannot display a borrower’s FICO score directly. However, we are already discussing enhancements where we can make the “credit score” element more accessible to our lenders.
Also, thank you for the suggestion on displaying the number of unanswered questions. We will review and see how we could implement something like this.

Sidney Chen
Director of Product Strategy
Lending Club

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