#1Joaquin Delgadoon 09.29.07 at 9:50 pm
Thanks for the feedback. Advance search and automatic reinvestment (standing orders) are high in Lending Club’s development priority.
I hope you first started using LendingMatch (diversified portfolio recommendation) and then worked your way adding/deleting new loans to conform your ideal portfolio using search and browse (loans a la carte). It would certainly be very time consuming if you had tried building the portfolio on your own from scratch.
Regarding your question about risk, we use relative scale that represents the risk of the portfolio based on its composition and the historical default rates of the Loan Grades contained within, as described here. More information about the risks involved can be found here: https://secure.lendingclub.com/info/about-risk.action
Specially interesting are the sections about Investment/Portfolio Diversification and Balancing Risk vs. Reward.
#2Kevinon 09.30.07 at 5:28 am
Yes I started with LendingMatch… Which found an initial 20 listings ($500). I throw out 1/2… In the best credit grades I throw out 0% bankcard utilization. In the worst credit grades I throw out 3 or more recent inquires or a current delinquency.
#3Kevinon 09.30.07 at 5:46 am
I read the webpages recommended. I would add words around the numbers for risk level. Give the lender a warm fuzzy feeling. So maybe 2/5 could be…
“A fairly conservative portfolio, with enough risk sprinkled in to up the returns.”
A marketing wordsmith I am not, but you get the idea.
#4Ericon 09.30.07 at 6:03 am
On the lender side of the fence – I just got a loan funded at the Lending Club. It was only for $2K, but it funded in a matter of days. The support was very helpful. These guys are tiny compared to Prosper, but if they continue this level of quality service, they should be able to really compete against Prosper.
#5PersonalLoanPortfolioon 12.08.07 at 11:16 pm
I did not notice your Lending Club loan post until I had already extended my first Lending Club loans. I too was a little disappointed with the quantity of loans when I made my first loans there, but the quality seems good on the initial sniff test.
It is interesting that your loans also scored a 2 out of 5 on the Lending Club Risk Scale when compared to my loans. In fact, it inspired my to post this comparison of Lending Club Risk Scores across three portfolios.
#6» 2007 RateLadder Goal Reviewon 12.31.07 at 9:00 am
[…] Many things happened over the course of a year that I hadn’t expected. In fact, if you had told me I don’t think I would have believed you. Even in my niche my advertising pricing power is high. And I was able to start LendingClub, Kiva, and Microplace investments. […]
#7Examining the Lending Club Risk Rating Score | Personal Loan Portfolioon 01.21.08 at 7:28 pm
[…] feed or take a look at the site map. Thank you for visiting!Late night web browsing brought me view Rate Ladder’s first Lending Club portfolio. He posted some good suggestions for improving Lending Club as I think I did on my review of my […]