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Lending Club loans getting picked over

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  • Lending Club loans getting picked over

    Has anyone else noticed that the number of loans on LC has decreased significantly? I have a premade filter set up and it used to bring in about 75-100 loans but today it only found 6 that matched. 6?!? Either LC is becoming popular or something else changed. Maybe its seasonal.

    On a side note, I have my first late note after over 40 loans. It says they are on a payment plan but we will see how that goes.

  • #2
    Out of curiosity, what are your premade filters?

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    • #3
      it ebbs and flows. New loans pop up daily, so you should log in periodically.

      Also, there could be an issue with your premade filter. maybe one of the fields isn't being used anymore or some other change happened with their site?

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      • #4
        I go for the lower loan amounts and have noticed there are less and less loans below $5k. I wonder if there are more people checking and funding the loans so they are gone before I can get on to invest.

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