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Lending Club Strategies
Posted on 3/25/15 at 12:56 pm
Posted on 3/25/15 at 12:56 pm
Just started loaning on lending club a couple months ago and was interested to see what others people are doing as far as strategy in choosing who to lend to.
I've invested about 3/4 of my initial investment amount, but currently all of my loans are currently either A or B grade. I don't lend to folks who have previously had delinquencies, and look for people who have over 680 in credit. Usually neither of those are available in C or worse, when buying these "junk" notes, what do you look for?
I've invested about 3/4 of my initial investment amount, but currently all of my loans are currently either A or B grade. I don't lend to folks who have previously had delinquencies, and look for people who have over 680 in credit. Usually neither of those are available in C or worse, when buying these "junk" notes, what do you look for?
This post was edited on 3/25/15 at 12:57 pm
6
Posted on 3/25/15 at 1:12 pm to TJG210
You could look into the basics of how CDOs are run and price based off those models.
Seemed to work right up to 2008
Seemed to work right up to 2008
Posted on 3/25/15 at 1:14 pm to TJG210
I found a better return on 36 mo. loans that are under $10,000 - 10% A - 40% B - 40% C - 10% D
Posted on 3/25/15 at 1:23 pm to TJG210
What type of return are ya'll finding on this site?
Posted on 4/29/15 at 4:42 pm to TJG210
So what's everyone's long term goal with Lending Club?
Is this something that you'd like to have upwards of $50,000 in?
Is this something that you'd like to have upwards of $50,000 in?
Posted on 12/14/15 at 2:17 pm to TJG210
Anyone still doing this? If so, how's it going?
Posted on 12/15/15 at 3:58 pm to TJG210
I stick with 36 month loans, mostly B around 10%, stay away from medical loans, they will die and you will get zilch. Don't like cc payoff, just gives them that much more to charge up.
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