These small B loans (2k-6k) are filling in under 10 seconds. It's like only one investor is filling the entire amount, yet large A loans are up for hours.
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If a loan appears a reasonably short time after a previous one, there may be tail end lenders logging in to view the previous loan just as the new loan is listed.
I think some email servers do not allow push notifications so that could cause a delay of you need to rely on a regular fetch.
What I would really like is a beep, whistle etc when an email arrives in my phone. Like a text does. Maybe this can be done but I am not up with all the tricks.
Another thing I think about is that one has to invest 8 to 10 times the amount per loan that I do at Harmoney and as yet no defaults. If and when there is a LC default it is going to have a big effect on my RAR. The security factor does not come into it for my way of thinking
I have about 25K in each and invest $25-75 in B and C loans at Harmoney and $250=400 in LC loans. I have been in H since the start and after dabbling with a few "testers" at $25 I was putting $100-200 per loan. At around 18 months I got hit with a few defaults that knocked my RAR of 15% down to 11%. For the last year or so I have only been investing as above and my RAR is slowly climbing. 12.9% and I am happy at that. LC RAR has never made the 12% due to my inability to score B loans very often. And then if I get a $300 default at LC the RAR will drop considerably.
It is all good fun though and it is still subsidizing the returns from term deposits at the banks and that is the reason I am in.
Thanks Bjauck, I have always allowed Notifications, however the sound had been deactivated somehow?
Not sure that I will persist with LC, certainly not putting any more $ in at this stage. I will wait and see if they can come up with a fairer allocation to us retail lenders.
It is definitely a lottery for those lenders who cannot login asa a notification comes in.
Apologies if it is a basic suggestion - but when you reach the step then enables you to select the type of sound (eg "pulse") have you checked to ensure that you have not selected "none."
You get a sound when you get a text, so I am presuming notification sound alerts are turned on.
I see what you guys mean. I haven't invested anything new in LC for a month or so and now it seems impossible to get anything!
They need to sort this with some sort of auto invest option.