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Author Topic: Have your losses been increasing?  (Read 79348 times)

havastat

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Have your losses been increasing?
« on: July 05, 2016, 10:10:33 pm »
Mine have. It hasn't gotten to the point where I'm losing money, but charge offs have increased and I'm starting to get worried.
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bluestar148

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Re: Have your losses been increasing?
« Reply #1 on: July 06, 2016, 06:35:47 am »
My in grace period loans have been increasing. Usually I sell my grace period loans within a week.
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bjjb99

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Re: Have your losses been increasing?
« Reply #2 on: July 06, 2016, 07:16:19 am »
I've got one D-class loan in grace period currently.  That's up from zero, so I guess it's increasing... though it reminds me of this:

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Fred93

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Re: Have your losses been increasing?
« Reply #3 on: July 07, 2016, 10:45:15 pm »
Figment of your imagination.
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havastat

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Re: Have your losses been increasing?
« Reply #4 on: July 08, 2016, 05:36:14 am »
Quote from: bluestar148 on July 06, 2016, 06:35:47 am
My in grace period loans have been increasing. Usually I sell my grace period loans within a week.

What discounts do you tend to sell them at?
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bluestar148

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Re: Have your losses been increasing?
« Reply #5 on: July 08, 2016, 04:19:14 pm »
I start out at 10%. Then I drop by $1 a day until sold.
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havastat

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Re: Have your losses been increasing?
« Reply #6 on: July 10, 2016, 09:21:34 am »
Quote from: bluestar148 on July 08, 2016, 04:19:14 pm
I start out at 10%. Then I drop by $1 a day until sold.

What discount does it tend to sell at? Has it been less recently than previously?
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bluestar148

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Re: Have your losses been increasing?
« Reply #7 on: July 10, 2016, 03:49:39 pm »
Percentage wise I am not sure. They usually get picked up in the $10 - $5 range.
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havastat

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Re: Have your losses been increasing?
« Reply #8 on: July 12, 2016, 07:58:13 pm »
The Wall Street Journal reports that loan losses have been going up, particularly among higher-credit-risk borrowers.

https://www.google.com/amp/www.wsj.com/amp/articles/lendingclubs-newest-problem-its-borrowers-1468265212?#
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havastat

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Re: Have your losses been increasing?
« Reply #9 on: July 12, 2016, 07:58:40 pm »
Lobby.
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faithful_steward2

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Re: Have your losses been increasing?
« Reply #10 on: August 25, 2016, 11:08:15 pm »
2008 all over again. The banksters didn't learn, they leveraged up. Fasten your seat belts.
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havastat

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Re: Have your losses been increasing?
« Reply #11 on: September 06, 2016, 03:27:20 pm »
If you look at Lending Club's stats, loans originated in both the 4th quarter of 2015 and the first quarter of 2016 have significantly lower returns than the average. Since there has been relatively little time for defaults to develop and interest rates have gone up slightly, one would expect newer loans to have higher returns than average.
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TJGbank

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Re: Have your losses been increasing?
« Reply #12 on: November 11, 2016, 07:37:58 pm »
Dot.org has become an ass-hat of stupid shit since DT got elected.
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Dot org was once a great place for discussion, conversion, and stock tips.  Now it's a wasteland of IRA01 calling people morans, cunts, and more while members stand around watching it happen and they don't give a shit.  Congrats white toast observers.  I have better ways of spending my time.  My Parthian shot, Nice Tie!

silvermoonfairy3

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Re: Have your losses been increasing?
« Reply #13 on: November 11, 2016, 08:40:28 pm »
Quote from: TJGbank on November 11, 2016, 07:37:58 pm
Dot.org has become an ass-hat of stupid shit since DT got elected.

If you post it in every thread, it must be true!
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~*~  Ellen
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