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Short employment stint at current employer probably fails some filters as well.

Very interesting to hear this.  I can see some evidence of this in my portfolio, though I confess I haven't tracked it well enough to offer a lot of data.  What I do see is a pattern where my allowances for doubtful receivables consistently rise and my IRR slowly falls for a few weeks, then spikes very quickly back to my acceptable levels.  This may be an indication that LC is asleep at the switch as a servicer most of the time, but there is a periodic trigger for LC to either report to credit bureaus or reach out to borrowers in a different manner which suddenly results in borrower becoming current.  I'll start logging this to see if the pattern is predictable by a monthly pattern or otherwise.

Anyone else seeing this? 

Good read - thanks for posting.

I've avoided renters since the opening of my account 2-3 years ago.  My only thought was that if we came into an inflationary environment where returns that once looked decent suddenly looked poor, those borrowers with a hard, generally appreciating asset would at least default less frequently than originally predicted and thus perhaps slightly raise the return more than expected.  I guess I was lucky that the logic behind my selection never really came into play, but the filter worked.

FWIW, my account is ~28 months old, about 75% in B's & C's, and the only consistent filter I've used is home ownership.  My annualized return is at 5.66%, which while not great I think is decent considering my entry timing into this market couldn't have been much worse.

https://forum.lendacademy.com/index.php?topic=4831.msg43134#msg88888888Quote"> from: mark78 on March 06, 2018, 07:01:59 PM