Lending Club is still going through their quiet period, but in these dark times of recessions, endangered narwhals, and the Wii fit, I just wanted to assess the status of my LC portfolio.
The late loans have climbed up from 0.7% in March to 1.6% now - and the default rate has gone from 0% to 0.19%.
Out of my 41 loans, one is completely paid off, and the other 40 are all on time. So, no lates for me yet! I have been wishing that the LC would open back up to lenders again, so I could invest more with them. But I think it's actually good that they are quiet now so we can wait and see how the default percentage changes with the gas prices, credit crunch, etc etc. I still really like the idea though - I think as credit gets tighter these peer-2-peer lending services will be playing a valuable role.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment