A few weeks ago Rob Garcia at Lending Club announced updates to the lending account management features.  I apologize it has taken me this long to cover the update, but I have been busy at work and frankly without lenders having the ability to lend money I was lacking motivation.  Well I got to it this weekend and so I thought I would give a quick writeup…

Monthly Statements

This has been a long time coming.  On page 2 is exactly what I need in order to track Lending Club in Quicken the way I track Prosper in Quicken.  Here is the information on that page for Jan 08 (more interesting than then months since the quiet period began.)

Account Activity

This information is also now available via the account activity tab… Here is my recent activity…

Creating Your Own Portfolio Views

This seems like it might be a good way to group loans so that loan performance could be compared by loan groups. It is up to the account holder to define the “portfolios”. This seems like a good feature for the large lender interested in dissecting their performance; however, there is a major thin data problem for any loan group of less than 35 to 50 loans minimum.

Other

There are some other change when it comes to traversing your account. basically around retrieving and sorting loan while on the Lending Club website…

My Conclusions

Statements were sorely overdue and I am glad to have them. When is this quiet period going to end?

Related Posts

• Lending Club Recent Changes Today Lending Club announced new features on their blog. To summarize... Be both a borrower and a lender Multiple loans Weekly performance statistics Ask the borrower a question $25 both way referral program Update your profile Change bank account I like the changes, but forgive me for yawning... My biggest......
• My 1st Lending Club Late I hate luck.  I love randomness, but I have terrible luck (perception creates reality).  I have 1 of the 4 lending club loans that are late in my portfolio.  What are the odds? 4 out of the 913 Lending Club loans are late (source lending club statistics page) and 1......
• Lending Club on ABC News Lending Club was featured on the ABC Nightly News...  P2P Lending is certainly starting to raise it's profile... Social Lending Networks, New Alternative to Banks I enjoyed this portion of the article...  There is a video if you follow the link above. Lending Club actually started as a Facebook application,......
• Lending Club Lender Signup Process P2P lending will change the world! Banks make too much money! In an effort to better understand the entire marketplace, I have decided to signup and start a small portfolio at LendingClub. My screen name at Lending Club is RateLadder... I guess I am just not hip, because for me......
• Lending Club Liquidity and Capital Resources I read through the Lending Club S1 finally...  I found a few parts of the S1 interesting...  Over the next few day I will lighlight a few of my favorite sections.  I am not a lawyer nor do I claim to fully understand everything that I am reading.   I am simply copying......

Related Websites

• Lending Club Performance Update I decided to take a minute or two today to look at my Lending Club (Lending Club Reviewed) account today. For the most part, I don't log in too often. I have to admit that I made some poor choices on loans on Prosper in the past and I've been......
• SEO Expert Services, Value & Timelines SEO Expert Services - Week 1 1. We start Week 1 with Keyword Discovery and Analysis. This is the foundation of any successful SEO campaign, so it's important to get the "winning" keywords for your business, services and products in the beginning itself. This process generally takes 4 to 5......
• Making Extra Money With P2P Lending Peer to Peer lending is quickly becoming one of the hottest new ways to create multiple streams of income. While there is risk involved, there are various methods that can reduce the risks that individual investors face and provide protection against non-payments. If you're looking for an potential way to......
• Lending Club Update: Earning 14% ROI on P2P Lending Investments Similar to last quarter's Lending Club investment results and summary, I'm happy to report that I'm still earning a very respectable 14% return on my investments with no defaults. True to form, I've made a few tweaks here and there to my original Lending Club investment strategy. Account balance.......
• A Faster Way to Review Lending Club Notes Now that I've become something of a Lending Club investor junkie, and who wouldn't when earning 14%, I've probably spent several hours per month cruising the loan application database searching for the perfect P2P lending notes (e.g. one that won't default). Lending Club's loan application filters are awesome, without question,......

Online Stores

• Signature Club A Moisturizers Skin Care Store
• Quiet Pool Pumps Pool Parts & Maintenance Pools & Spas Yard, Garden & Outdoor Living
• Puma Complete Eutopia Review Women Shoes Running Deals
• Signature Club A Anti-Aging Products Skin Care Store
• Nordic Track Rowers Cardiovascular Equipment Gym, Workout & Yoga Exercise & Fitness

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Features, Lending Club, Site Review

Tags:

account management, busy at work, conclusions, group loans, lenders, loan performance, long time, money, monthly statements, motivation, portfolios, quiet period