I'm not sure if it is the same at Prosper, but at LendingClub, if you have an

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Jan 29, 2015
5:02:57pm

supertux

I'm not sure if it is the same at Prosper, but at LendingClub, if you have an

IRA account with them, you can't trade notes and have to hold them the full term.

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supertux

Previous username: Hot Extrusion
Bio page: supertux
Joined: Nov 29, 2012
Last login: Jun 21, 2024
Total posts: 56,406 (17,629 FO)

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Messages

Author

Time

Peer to Peer lending. Looks encouraging but how liquid is it?

buckeyeod

1/29/15 5:00pm

FolioFn is used to trade Prosper notes, so you yes, you can liquidate fairly

supertux

1/29/15 5:02pm

I'm not sure if it is the same at Prosper, but at LendingClub, if you have an

supertux

1/29/15 5:02pm

I loaned a friend from YM days $1300 bucks last year, he only owes $200 more.

ToasterChive

1/29/15 5:04pm

it's much worse if you know the person and they stiff you.

Cougarclaw

1/29/15 5:17pm

3 year amortization on all Prosper loans

jkccoug

1/29/15 5:05pm

But I wasn't aware of the loan sale option set forth above.

jkccoug

1/29/15 5:06pm

I'm at a 9% annual return after 18 months or so.

mulletino

1/29/15 5:11pm

If I were doing it I would just set aside a portion of my overall portfolio

jkccoug

1/29/15 5:12pm

I did my own little test back in 2007. I put $2,000 into about 30 different

BYU-Ite

1/29/15 5:25pm

Lending Club has been solid for me. But I'd never put more than a small %

mulletino

1/29/15 5:27pm

LC has been good to me, too.

ebv

1/29/15 6:14pm

Too many of the loans went bad and weren't paid back

BYU-Ite

2/4/15 9:24pm

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