I’ve looked at my weekly status on selling off all my Lending
Club notes on FOLIOfn. Following is a chart comparing today to a week ago.
|
Last
|
|
Saturday 03/24
|
Saturday 03/17
|
||||||
|
Year
|
Months
|
Total
|
Current
|
Other
|
Prin Left
|
Total
|
Current
|
Other
|
Prin Left
|
|
2018
|
0
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2018
|
1
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2018
|
2
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2018
|
3
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2018
|
4
|
1
|
1
|
$6.40
|
1
|
1
|
$6.40
|
||
|
2018
|
5
|
2
|
2
|
$13.70
|
3
|
1
|
2
|
$22.31
|
|
|
2018
|
6
|
1
|
1
|
$6.24
|
1
|
1
|
$6.24
|
||
|
2018
|
7
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2018
|
8
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2018
|
9
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2018
|
10
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2018
|
11
|
1
|
1
|
$11.91
|
1
|
1
|
$11.93
|
||
|
2019
|
12
|
0
|
$0.00
|
2
|
1
|
1
|
$21.07
|
||
|
2019
|
13
|
0
|
$0.00
|
0
|
$0.00
|
||||
|
2019
|
14
|
1
|
1
|
$13.13
|
4
|
4
|
$46.13
|
||
|
2019
|
15
|
1
|
1
|
$12.55
|
3
|
3
|
$38.05
|
||
|
2019
|
16
|
0
|
$0.00
|
2
|
2
|
$25.72
|
|||
|
2019
|
17
|
1
|
1
|
$14.38
|
2
|
2
|
$25.47
|
||
|
2019
|
18
|
0
|
$0.00
|
4
|
4
|
$55.32
|
|||
|
2019
|
19
|
1
|
1
|
$14.54
|
1
|
1
|
$0.00
|
||
|
2019
|
20
|
0
|
$0.00
|
4
|
4
|
$60.65
|
|||
|
2019
|
21
|
3
|
3
|
$36.58
|
1
|
1
|
$12.50
|
||
|
2019
|
22
|
0
|
$0.00
|
4
|
4
|
$49.13
|
|||
|
2019
|
23
|
1
|
1
|
$12.29
|
1
|
1
|
$12.29
|
||
|
2020
|
24
|
2
|
2
|
$28.72
|
1
|
1
|
$13.58
|
||
|
2020
|
25
|
12
|
10
|
2
|
$192.50
|
2
|
2
|
$29.14
|
|
|
2020
|
26
|
24
|
23
|
1
|
$441.41
|
17
|
13
|
4
|
$266.09
|
|
2020
|
27
|
0
|
|
36
|
33
|
3
|
$671.94
|
||
|
2020
|
28
|
0
|
|
2
|
2
|
$43.71
|
|||
|
2020
|
29
|
0
|
|
0
|
|
||||
|
2020
|
30
|
0
|
|
0
|
|
||||
|
2020
|
31
|
0
|
|
0
|
|
||||
|
2020
|
32
|
0
|
|
0
|
|
||||
|
2020
|
33
|
0
|
|
0
|
|
||||
|
2020
|
34
|
0
|
|
0
|
|
||||
|
2020
|
35
|
0
|
|
0
|
|
||||
|
2021
|
36
|
0
|
|
|
|
0
|
|
|
|
|
Total
|
|
51
|
43
|
8
|
$804
|
92
|
79
|
13
|
$1,418
|
I developed this chart originally to identify the amount of
time remaining on my active notes. I wanted to eliminate the ones not expiring
for several years. I computed the number of months remaining in each note and
hence the year it would be completed. The longest running notes that I still
have will expire in 26 months, or sometime in the year 2020. When I started
this process, I had some stretching into 2021.
I have reduced the number of notes to 51, down from 92 a
week ago. The outstanding principal has declined from $1,418 a week ago to $804
currently. Most of the notes are current, although some are late and listed as
others. I still have about a dozen notes that can’t be offered for sale because
they are in some stage of payment processing.
I’m continueing to increase the discount I offer by about 2%
a day. I hope to complete this process in a couple of weeks.
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