Another month another update… The picture is rather muddled right now between the accrued interest showing up in my account balance even on loans that are technically “charged off”and lending stats changing their algorithm… All I can do is continue to track and hope fore some clarity… On a positive note I have had no loans in the 1 month late category for most of the last month… (There are 2 in that category now, but for most of June they were not there…)
I am often asked what is the biggest thing I would do different if I could go back and do it again? I would follow advice very similar to Rich Credit Debt Loan in the post Making Extra Money With P2P Lending. I have learned a lot about credit risks and the like, but I would have much rather been more successful in my lending endeavours… My single biggest mistake in my lending was to ignore inquires.
Here is my current tracking chart…
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Money Hacks Carnival #31 -- Crisis And Bailout Well, looks like we are having a rash of carnival crises here. Yesterday the host of the Festival of Frugality bailed and David at My Two Dollars bailed out the carnival with an emergency edition of the Festival of Frugality, and it's our turn today! Here's my quick and dirty...... -
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5 Ways to Get Out of Debt Welcome StumbleUpon users! Don't forget to subscribe with RSS or with email to get automatic updates. It's possible to overcome debt, but you have to be diligent. Try to make a commitment to yourself to get high interest debt out of your life as soon as possible. Here is a......
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2 comments ↓
quick correction: “and lending club changing their algorithm”, I think you mean “lendingstats”
thanks fixed.
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