Like storm, I have seen my interest received offset by losses. Since inception, I have lost 70% of the interest received to defaults. I was using auto invest but no longer; as I accumulate cash balance, I withdraw it. I understand I should expect some losses but this is a little much for me.
I think LC does not do enough to collect from those who default. Most of mine were not very far into their payments when they defaulted.
I think LC does not do enough to collect from those who default. Most of mine were not very far into their payments when they defaulted.