WOT !! No New Loans

The lack of new loans is becoming a concern. One perhaps helpful effect of there being large backers of every loan (and who must have a connection to LC) is that the recent problem loans are going to hurt them too. Perhaps there is now a re-think about the business strategy going forward. At any rate, LC should now be giving us an update about what is happening. Re the transparent (not) secondary market, personally I've always been able to sell quite quicky. That may soon change if the market gets flooded by people cashing out after the bonus year is up. A weird thing about the bonus is that they will not let you withdraw that amount, even if your investment total remains well above the £1000 minimum! How many investors do they have? No idea, does anyone? Altogether, LC come across as a rather 'in the background' company. I am concerned for their whole survival, I think they need to change.

A bit off-topic, but relevant considering I now have nothing to do with the resulting cash:

Have just noticed part of my test-sale listing has been taken, and the selling fee equated to my total capital repayment from A B & R, which went south just after I bought it!  Interestingly (to me, anyway) is that over 75% of it went, which was 20% of recent sales but only 4% of the total available has gone.   So nothing pro-rata about that, and maybe indicates someone (or 2) buyers got well above the indicative rate - unless some really low bid parts went as well 

I'm intrigued to know the selection algorithm.

Agree with all this, but wondered if there has been any positive news on any of the 3 (I think) troubled loans - I'm only into AB&R, so haven't got any visibility of the others due to the email-only policy.

I hope LC can pull it around as I like the platform; people will forgive a lot when things are going OK, but when problems occur the cracks get rather exposed.  Not even implementing their own rules properly doesn't indicate much hope.

I am also down overall, and not tied in so could (perhaps should?) try to extricate myself sooner rather than later, but hoping for improvements to be implemented in the near future; otherwise it might become an expensive hobby!

The first rule of CRM is that it costs more to recruit new clients than retain existing ones, so some dedicated effort (so far conspicuous by its absence) by lendingcrowd could be well rewarded - or perhaps they don't need to bother if the platform's just a front for a private investment cartel (I don't really believe that!).

Anyway, the current new loan gives some cause for optimism.

Well, LC loans are like buses - Nothing for a month, then along come 3 all at once!  Unfortunately no comments from LC on the background to this situation, so speculation on the reasons will be inevitable.

It's interesting that the pattern of around £20k of retail money (including about £10k from <£1k lenders) continues whatever size loan is on offer.  LC need to encourage more of their claimed investor base to lend unless their backers have very deep pockets!