Are Lending Club Loans Safe? The LC Collections Process Part 2

In Part 1, we examined the initial part of the process that Lending Club goes through when we have the occasion of a loan that does not pay on time.  We looked at the Grace Period and the Early Late period and some corresponding tips on how to manage our loan portfolios at these stages. … Read moreAre Lending Club Loans Safe? The LC Collections Process Part 2

Are Lending Club Loans Safe? The LC Collections Process Part 1

When we invest in a portfolio of p2p loans, we expect that the loans will pay off, the borrowers will use the money responsibly, everyone makes money and its a win/win situation for all. Thankfully, most of the time, that is what happens.  However, it doesn’t always happen. Sometimes we get some non-payers or late … Read moreAre Lending Club Loans Safe? The LC Collections Process Part 1