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re: Lending Club Strategies
Posted on 4/2/15 at 1:24 am to TheHiddenFlask
Posted on 4/2/15 at 1:24 am to TheHiddenFlask
What do you generally do when you get someone who is in the grace period or late? Is it best just to cut bait and sell the note for whatever you can get for it?
1
Posted on 4/2/15 at 5:09 am to TJG210
I don't sell. I haven't looked at it in the past year and a half, but the discounts used to be ridiculous. I just always buy very small chunks so that any given single loan default won't hurt me.
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