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Lending Club - Time to panic? - forum. mrmoneymustache. com Lending club probably bulk sells the rights to all of these charge off notes and distributes what they receive Right now it looks like the debt collectors are working on contingency
Lending Club - Time to panic? - Mr. Money Mustache Lending Club - Time to panic?One other note, my biggest fear as a shareholder is when multiple regulatory agencies jump on this news and start fining the company The people who did this are gone, all the government is doing at that point is stealing money from shareholders They're still fining other financial institutions from eight years ago Logged
Lending Club Default Grace Period Questions Lending Club Default Grace Period QuestionsI only buy notes through the trading platform My strategy is to buy 36 month notes that have made at least 14 on time payments I try to select notes that are for debt consolidation and I avoid notes that are for home improvement, vacation (are you freaking kidding me??), medical bills and other Once I narrow those items down I buy the ones that
Lending Club taxes - Form 1099-OID Lending Club taxes - Form 1099-OIDThanks for the detailed explanation, Cathy, and for the other responses as well If I understand correctly, I can report the amount shown on the OID form along with bank interest in Schedule B, Part 1 Logged Print Pages: 1 « previous next » The Money Mustache Community » Learning, Sharing, and Teaching » Investor Alley » Lending Club taxes - Form
High Yield Savings Account - forum. mrmoneymustache. com I was hoping somebody with recent experience could tell me what they've used for high yield savings accounts I'm currently looking at Lending Club, and just making sure I have deposits of $250 month to get their premium rate
Filing taxes for Prosper and Lending Club. 1099-B confusion! I have similar docs for Lending Club I have done the 1099-OIDs in the past, so I think I'm good there I'm using H R Block online Premium software (fyi) I don't know why these P2P lending taxes are so confusing to me! Is my understanding correct here: On one 1099-B under 1d- Proceeds it says $1 14 Under 1e- Cost or other basis it says $808 80
Peer to Peer Lending (Investors) - forum. mrmoneymustache. com Lending Club notes could only be sold on PortfolioFn as of a year ago (probably still true) And the loans for sale on PortfolioFn were much lower quality (higher default risk) than the average Lending Club loan of the same category If you go with Lending Club, consider it a very high risk loan program without liquidity that charges 1 00% per
LendingClub CEO fired http: forum mrmoneymustache com welcome-to-the-forum lending-club-concerns http: forum mrmoneymustache com investor-alley lending-club-time-to-panic http: forum mrmoneymustache com investor-alley lendingclub-crashing-down http: forum mrmoneymustache com investor-alley victim-of-leding-club-facilitate-fraud-or-just-really-bad-timing
P2P reviews: Lending Club ProsperP2P reviews: Lending Club Prosper I know that the Lending club and Prosper are the two most popular P2P lending sites I was wondering if anyone in BP had success scaling larger loans ($100k or more) to the lending club and felt comfortable with the results?