Alas, Bob is not anymore the trustworthy friend he used to be, and you may have doubts about his ability (or willingness) to pay you back. For instance, if he was supposed to give you some money yesterday, but you haven’t heard from him and he’s not even answering your calls. In that case, you would be very happy to offload me the loan for \$120 or even \$100, but I wouldn’t buy it at that price.
One of LendingRobot’s most useful settings is it’s “Fully Automated” mode.
Lending Club’s secondary market takes a while for notes to be purchased, settled into your account and sold from your account.
There have been a lot of changes since Marketplace Lending was introduced in 2006, but since surviving the financial crisis of 2008 and SEC scrutiny in 2008-2009 it’s clear that Marketplace Lending is an asset class that is here to stay.
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