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Feel free to open an account with us at LendingRobot, link your Prosper account, define similar filtering rule(2) but leave a very high minimum cash balance  (e.g. 3,000,000), that way we won't really invest for you and it won't cost you a dime.

Our logs should be able to tell if there's something wrong with your filters, or if they're simply too restrictive (you can also have a glimpse about that when defining the rules, since we give an availability estimate in real-time)

https://forum.lendacademy.com/index.php?topic=2142.msg18432#msg18432">Quote"> from: thezfunk on March 19, 2014, 09:02:18 PM

We just released this infographic:

https://lendingrobot.com/static/other/7FactsAboutPeerLending.pdf" alt="" class="bbc_img" />

We just added a few criteria to the 'Investment Rules' section...

For Prosper:

- Loan amount
- Amount delinquent
- Number of inquiries in the last 6 months
- Debt-to-income ratio
- Number of open credit lines
- Revolving balance
- Bankcard utilization (in % of max)
- Annual Income

For Lending Club:

- Number of accounts opened in the last 24 months
- Expected Return
- Highest Expected Returns

https://forum.lendacademy.com/index.php?topic=2189.msg18849#msg18849">Quote"> from: GS on April 04, 2014, 10:01:37 PM

We'll take care of this on the LendingRobot side, no action is required from users.

As some of you may have noticed, we recently changed our business model following our registration as Investment Advisor with the SEC.

Instead of charging 0.69% of amount investment, we now charge 0.45% annual management fee.
Because monthly invoices will be much lower, we decided to put a minimum fee of $2.95 per month.

Well, some of our users were not so happy about that. So... we just removed it.

There is no setup fees, no exit fees and no minimum fees to use LendingRobot

It seems each marketplace has its own way of calculating returns, none of them fully satisfying.
Maybe it's time to settle on something consistent...

So, here's our proposal: http://marotte.net/LendingRobot_CalculatingReturns.html" class="bbc_link" target="_blank">http://marotte.net/LendingRobot_CalculatingReturns.html

(Still a draft, I'll move it to LendingRobot.com once it's final)

Any comments, suggestions or thoughts ??

https://forum.lendacademy.com/index.php?topic=2168.msg18548#msg88888888Quote"> from: Jomar on March 21, 2014, 10:16:53 AM

https://forum.lendacademy.com/index.php?topic=2128.msg18132#msg18132">Quote"> from: BruiserB on March 10, 2014, 08:37:05 PM

https://forum.lendacademy.com/index.php?topic=1953.msg17080#msg88888888Quote"> from: Rob L on February 02, 2014, 06:32:31 PM

https://forum.lendacademy.com/index.php?topic=1977.msg16558#msg88888888Quote"> from: investforfreedom on January 21, 2014, 10:49:39 AM

https://forum.lendacademy.com/index.php?topic=1953.msg16538#msg88888888Quote"> from: neals384 on January 20, 2014, 09:55:30 AM

https://forum.lendacademy.com/index.php?topic=1953.msg16368#msg88888888Quote"> from: Rob L on January 13, 2014, 08:39:58 PM

The loan issuer may want to optimize its model for consistency, not absolute returns. If LC goal is to lower the 'risk' (risk being defined as discrepancies in default rates), they may cluster together loans with different expected returns. For instance, if loans A, B, and C have the following properties: default risk 5% +/- 2%, 7% +/- 5%, 13% +/- 2%, Lending Club could cluster B and C together, and then investors focusing on returns only will consider B a bargain, because it has the same interest rate than C which a much lower (average) default risk.