• Welcome to P2P Lending / NFT Lending Forum.



This was the original Lend Academy peer-to-peer lending forum, since forensically restored by deBanked and now reintroduced to

To restore access to your user account, email [email protected]. We apologize for errors you may experience during the recovery.

Main Menu
NEW LOANS:   | 5417.eth 0.179 Ξ | venusaur.eth 4.099 Ξ | oddish.eth 2.000 Ξ | ALL

Lessons Learned

Started by Peter, September 21, 2011, 11:00:00 PM

Previous topic - Next topic


In the beginning I actually purchased several notes with 6+ inquiries.  Looking back I am not surprised that I had so many charged off.  Another thing that they had in common is that most of these defaults were renters and the loan amounts were small....$2K - $6K range.  After some hard lessons learned and a whole lot of reading I'm experiencing fewer defaults.  Wish I knew then what I know now.


Publisher of the Lend Academy blog

See my returns here:


I'm getting there.  I can't get over the 8.6% hump.  LC is still my best investment so I'm not too sad.  No payments posted to my new investment criteria/portfolio as of yet.  Those payments start in October and I expect my percentage to rise above average (fingers crossed).  I took Steamroller's advice via his analysis tool and I sold a bunch of notes with low rates as well as notes with down arrows and a bunch of inquiries.


Great thread.  I think its very wise to look at your charge offs and see what may have gone wrong. Be careful though, you can do everything right when picking a loan or everything wrong and get unintended results.  Just like playing poker, its better to play the odds then to base opinions off one hand.




Based on Peter's research, I try to limit my loans to those with ZERO inquiries. Of course, this is just one of my filters, but Peter believes it may be the most important correlation with loan performance.

NEW LOANS:   | 5417.eth 0.179 Ξ | venusaur.eth 4.099 Ξ | oddish.eth 2.000 Ξ | ALL