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- Lending Club Default / Grace Period QuestionsI'm also new to lending club (started August 2015 with $2500). I have my automated defaults set at 5%C, 15%D, 50%E, 20%F, 10%G. I do not discriminate based on what the loan is for. In just a few short months, I have had 2 notes go into the grace period, 1 F ($75) and 1 G ($150).
- Lending Club - Time to panic? - Mr. Money MustacheSecond, Lending Club has no claim to the payments you receive from borrowers, since each Note is tied to a loan, and loan payments are passed on to Note holders. Third, with a $10.2 billion loan portfolio that generated over $18 million in revenue in the first quarter of 2016 alone, we could profitably service the existing Lending Club platform ...
- Real Estate Private Lending Forum | BiggerPocketsPrivate Lending & Conventional Mortgage Advice. Tax, SDIRAs & Cost Segregation. Foreclosures. 1031 ...
- Lending Club - Time to panic? - forum.mrmoneymustache.comI think Lending Club closed my account automatically in June after all of my loans got charged off, and they said that they'd transfer any recoveries they received to my associated bank account. Clearly that hasn't been happening, and they've disabled my ability to transfer money out myself.
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