I am obviously in the wrong business. I have never been able to make more profit than I have had revenue. Current loan L00-11-187- Revenue between $100000 and $250000 yet is able to achieve a profit of between $300000 and $500000.
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I am obviously in the wrong business. I have never been able to make more profit than I have had revenue. Current loan L00-11-187- Revenue between $100000 and $250000 yet is able to achieve a profit of between $300000 and $500000.
How much time a day ( hours ) do you reckon you spend checking out your P2P Investor websites?
How many times a day do you Log in to LC or HM or LM?
I reckon upwards of 1 hour a day \ Checking Accounts \ Looking for new Loans \ Moving Funds in & out etc
Nice work mate - uncanny timing as I was just about to stitch a little tool together to do this for personal use. I'm assuming its going to carry a fee once out of beta to cover the SMS gateway fees? Am assuming the data capture is cleared with LC - if not a screen scraper may run into issues with their TOS.
Cheers!
New Loan....
Funded Time remaining Grade Rate* Type Term Amount My investment 56% 6 days and 22 hours B1 13.97% Personal 36 months $5,250.00
Thanks mp52.
1. The service is free at the moment and that's the way I imagine it'll remain; I have polled a few of the early beta users on payment models and it's tough. See, I probably wouldn't pay for it, but then my volumes are very small. Larger volumes = more in the bank = potentially more cash drag = incentive to move into loans quickly. These users might see a monetary value in the service. I think the strongest option is a one time donation, $10 or $20, if users feel like they're getting value it's up to them if they want to contribute. What I don't want to do is take money if a) it really puts me off side with LC management and b) LC provide an auto-invest option just after the cheques clear :) (I probably would give myself a donation if that was the model.)
2. No strictly speaking I'm in breech of the Web Site Terms of Use; So I've pinged them an email explaining the situation, just so there's no doubt, I want to be above board here. Not sure why this slipped my mind, when I started down a similar path with Harmoney, their upper management had no issue with a breach in terms. Guess in the speed to getting a product to market here I missed communicating with LC :/
(It'll be out of beta by Monday after I address a couple of glaring Internet Explorer bugs.)
Attachment 8193
PP.
Thanks Saamee. Seeing the number of user accounts climb is 'like' enough :)
If it's of interest to anyone 'Provance' is a contraction of 'Proactive' and 'Advance' (e.g. advance warning or proactive notification). And there's about 200 hours development work behind it, evenings and weekends.