Messages

It has been explained to me. Two years ago, they started to sell their charge-offs to a loan collection agency. So, they would get 10 cents on the dollar and give that to the investor. What they forgot to do was subtract the 90 cents on the dollar that was the loss from your returns.

They are doing nothing to compensate people beyond showing people how to turn auto-invest to off. The loans are registered with the SEC, so I am sure everyone can find where to submit the complaint.

My concern is getting my money out before they are shutdown.

The notice said to contact that e-mail address if I had more questions and I did. They then sent me a quarterly breakdown of their errors, so it does exist for each customer.

Hello,

Registered just to discuss this topic.

They sent me an e-mail actually showing me their errors for the past 8 quarters. That was nice of them to provide evidence in an e-mail for the class action lawsuit that is probably already being worked on. In the support case, they asked me if I would like to be contacted by a senior person via phone, which I suggested is a wonderful idea.

My returns went down 4%. I thankfully only purchased 3 year loans, but I am now stuck with below average returns on those loans too. I am going to demand they at least cash me out of those ASAP. We will see. Wiki tells me the are regulated by the SEC, so good luck to them.