Lending Crowd Account Information

Lending Crowd Account Information

Updated October 31st 2019

 

Detailed Account Information & Screenshots

 

First Investment Date          – June 2018

Initial Investment Amount  – £5,500.00

Total Added                          – £3,650.00

Total Withdrawn                   – £1000.00

Invested Currently               – £8,150.00

Current Account Balance   – £8,996.61

 

Total Interest Return           – £796.61

ROI% (per lender)                – 7.43% 

XIRR                                      – 7.59% 

 

 

See My Full LendingCrowd Review Here

 

My LendingCrowd Actual Account Growth & Income Charts

 

Lending Crowd Account Growth Chart

Lending Crowd Monthly Income Chart

 

 

Each month I send out an update on all of my Peer to Peer lending accounts. Below are the excerpts specific to LendingCrowd.    Click here for all lender updates

 

October 2019 Monthly Update

 

LendingCrowd

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LendingCrowd is still getting a low loan flow so I’ve been seeing a bit of cash drag. In fact I decided to move £500 out of the account in October as I’m not prepared to drop my auto-lending rates to get into every loan they issue, plus I haven’t had time to bid on the loans manually like I used to.

As it happened, LendingCrowd also decided to unload a bunch of bad debt on me in October, which put the account in to a negative for the month. Nothing to worry about though as defaults have to be taken care of, it’s just part of lending. Providing it doesn’t become constant it’s no problem.

XIRR decreased a bit from 8.26% in September to 7.59% in October. LendingCrowd are saying my targeted annual return is sitting at 7.43% which I am still quite happy with.

 

LendingCrowd Signup & Cashback Offers

If you’re new to Peer to Peer lending and would like a shot at some higher rates; take a look at one of the last P2P lenders that still allow bidding on loans so you can get the best rates! LendingCrowd have Up to £400 cashback for £10,000 investment.

Click here for more info or to open an account with LendingCrowd >>> 

 

LendingCrowd Account Screenshot 1 - October 2019 Update

 

 

September 2019 Monthly Update

 

LendingCrowd

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LendingCrowd is still getting a low loan flow so I’m seeing a bit of cash drag still (not much though). Delayed loans are still in check at 10 (between the 7 and 12 number). So overall everything progressing as normal. XIRR increased yet again this month from 7.91% to 8.26%. LendingCrowd are saying my targeted annual return is sitting at 8.02% while actual return is exactly the same as my XIRR at 8.26%. I have no idea how they get that number matched so accurately when the account has no provision fund, but hey, I’m not complaining. I wish their loan flow would increase a bit as I’d like to increase my investment substantially. Who wouldn’t at 8.26%?

 

LendingCrowd Signup & Cashback Offers

If you’re new to Peer to Peer lending and would like a shot at some higher rates; take a look at one of the last P2P lenders that still allow bidding on loans so you can get the best rates! LendingCrowd have Up to £400 cashback for £10,000 investment.

Click here for more info or to open an account with LendingCrowd >>> 

Lending Crowd Account Screenshot - August 2019 Peer to Peer Lending Update 1

 

 

August 2019 Monthly Update

 

LendingCrowd

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See Screenshots & Detailed Monthly Updates From My LendingCrowd Account

Lending Crowd Account Screenshot for Peer to Peer Lending Update - August 2019 1 Lending Crowd Account Screenshot for Peer to Peer Lending Update - August 2019 2

 

One of the reasons I’m not freaking out about the Funding Circle defaults right now is because of what happened with LendingCrowd earlier in the year. If you remember, they were seeing a high rate of defaults, but they got it back in hand and now loans in arrears and defaults are pretty much exactly what is expected. There always seem to be between 7 and 12 loans in arrears (10 this month) and typically around half of them catch up with payments and become current again. This is credit to the LendingCrowd customer management team and how they work with their customers. In fact, many investors are noticing this and now LendingCrowd loans are much in demand. I had to move £500 out of my LendingCrowd account this month because I couldn’t get it invested. Loan flow has been less over the last couple of months, I’m thinking because of the holidays. I’ll keep watching and when it increases again, you can bet I’ll be sending over more capital to bid on those nice, high rate loans.

XIRR jumping once again this month from 7.60% to 7.91%. My targeted annual return is sitting at 8.02% while what LendingCrowd say is my actual return is sitting at 8.22%.

 

If you’re new to Peer to Peer lending and would like a shot at some higher rates; take a look at one of the last P2P lenders that still allow bidding on loans so you can get the best rates! LendingCrowd have Up to £400 cashback for £10,000 investment. Click here for more info. See my LendingCrowd Review if you would like to read about bidding on loans.

 

 

July 2019 Monthly Update

 

LendingCrowd

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Lending Crowd Account Screenshot for Peer to Peer Lending July 2019 Update 1

 

Everything is still as it should be with LendingCrowd, they are still delivering with XIRR jumping again this month from 7.48% to 7.60%. Even my targeted annual return jumped a bit again from 8.02% to 8.04%.  

The only problem I’m having is that I’m getting a bit of cash drag. I even dropped my auto-bid percentages a bit to accept lower rates, but I’m still not getting into a lot of loans. On top of that the loan supply has dropped a bit and it also seems like there are a lot more investors bidding on loans. That in itself is a good sign, but it makes it difficult to get the high-paying loans at such good rates.

As I mentioned last month, there are always between 7 and 12 late loans, but a lot of them come current again. On almost 400 total loans in my portfolio, that is very, very good (in comparison to Funding Circle with 23 late loans). Right now we have 12 late.

 

Lending Crowd Account Screenshot for Peer to Peer Lending July 2019 Update 2.1

 

Take a look at one of the last P2P lenders that still allow bidding on loans so you can get the best rates! LendingCrowd have Up to £400 cashback for £10,000 investment. Click here for more info. See my LendingCrowd Review if you would like to read about bidding on loans.

 

 

 

 

 

June 2019 Monthly Update

 

LendingCrowd

See Full Review

Lending Crowd Account Screenshot for June 2019 Peer to Peer Lending Update 1

LendingCrowd are still delivering with XIRR jumping again this month from 6.56% to 7.48%. A huge jump in returns in one month. I believe this comes from their management of overdue loans. They are still targeting my annual return at 8.02%. I’m starting to think they are going to be dead on. Not bad at all for the Edinburgh based Scottish lender. 

You’ll notice in the screenshot above that I’m getting a bit of cash drag. That’s because I have my auto-bid settings set a little high now as there is a lot more capital from investors coming in to LendingCrowd. I just dropped the rates I’m willing to except a small bit so that should get lent out now. 

If you remember last year I was getting a little concerned about their late loans, but now I’ve seen the LendingCrowd team manage them, that concern has gone away. They do a great job of either getting borrowers to pay up, or selling the assets and collecting. There are always between 7 and 12 late loans, but a lot of them come current again. On almost 400 total loans in my portfolio, that is very, very good.

Lending Crowd Account Screenshot for June 2019 Peer to Peer Lending Update 2

 

Take a look at one of the last P2P lenders that still allow bidding on loans so you can get the best rates! LendingCrowd have Up to £400 cashback for £10,000 investment. Click here for more info. See my LendingCrowd Review if you would like to read about bidding on loans.

 

 

 

 

May 2019 Monthly Update

 

LendingCrowd

See Full Review

 

LendingCrowd still have a nice steady loan flow. It dropped just a bit this month but overall they keep plodding along. No more defaults in May, which I find quite encouraging.

I sent some more money over to LendingCrowd again this month so I could keep bidding on loans. They seem to be getting a lot more investment in from new investors as the rates are getting a bit more competitive. That’s a good sign though. If there is a positive new lender flow, it typically means everything is good in the world and the lenders reputation is still on the rise.

XIRR jumped from 6.14% to 6.56% in May which is another good sign. 

 

There are 8 loans late on payment and 1 in arrears. Normal stats for LendingCrowd so nothing to worry about here. They will likely get at least half of these back on track by next month.

Lending Crowd Peer to Peer Lender Account Screenshot for May 2019 Update 2

 

Take a look at one of the last P2P lenders that still allow bidding on loans so you can get the best rates! LendingCrowd have Up to £400 cashback for £10,000 investment. Click here for more info. See my LendingCrowd Review if you would like to read about bidding on loans.

 

 

 

April 2019 Monthly Update

 

LendingCrowd

See Full Review

Lending Crowd Account Screenshot for April 2019 Update 1.1

Lending Crowd Account Screenshot for April 2019 Update 2

 

 

LendingCrowd had a couple more defaults this month, so I ended up taking another £40 in losses. The actual rate of return they are quoting now is 7.8% which is a little lower than the expected rate of 8%. XIRR is still only showing 6.14% however that doesn’t take into account compounding. Only time will tell if we reach the 8.00% mark. It would be nice to get there but honestly 7.00% would be a good number to get to for this type of lender.

I still enjoy investing with LendingCrowd so hopefully the default losses will settle down a bit. They are not looking too bad now (see below screenshot) considering out of 367 loans only 8 are late, and 7 of those are less than 30 days late. LendingCrowd seem to be doing a good job of helping the late payers get back up to date so that is encouraging.

 Lending Crowd Account Screenshot for April 2019 Update 3.1

 

Take a look at one of the last P2P lenders that still allow bidding on loans! LendingCrowd have Up to £400 cashback for £10,000 investment. Click here for more info. See my LendingCrowd Review if you would like to read about bidding on loans.

 

 

 

March 2019 Monthly Update

 

LendingCrowd

See Full Review

Ok, so it’s official, I have some kind of addiction to LendingCrowd. I literally cannot stop sending money over there! Every month their loans gobble up the money I send over, then I start getting emails about new loans coming out when my money runs out, so I have to send over more so I don’t miss the loans! LendingCrowd really do have a great loan supply and their rates are very good. Currently LendingCrowd are saying that I’m getting an actual return of 8.42% with an estimated 7.98% over time.

 

Lending Crowd Account Screenshot for March 2019 Update 2

 

That being said though, XIRR is running at 6.53% which is much less than LendingCrowd are saying. I think this is probably because of the couple of defaults recently and also maybe a bit of cash drag. I guess we’ll see as time goes on.

They certainly are managing to clear down the late loans every month. Out of 360 loans that I am in now, only 6 are in arrears (technically 3 in arrears and 3 late). These numbers are really not bad at all.

Lending Crowd Account Screenshot for March 2019 Update 3.1

 

Take a look at one of the last P2P lenders that still allow bidding on loans! LendingCrowd have Up to £400 cashback for £10,000 investment. Click here for more info. See my LendingCrowd Review if you would like to read about bidding on loans.

 

 

 

February 2019 Monthly Update

 

LendingCrowd

See Full Review

I sent another £500 over to LendingCrowd in February to continue bidding on their loans. They are saying that my actual rate of return is 8.11% against an estimated return of 7.94%. XIRR is up to 5.99% from 5.58% this month  compared to last month, but there is still a big gap there between what LendingCrowd say I’m getting and what XIRR is showing. Hopefully it will keep closing as repayments from loans come in.

Lending Crowd Account Screenshot for Feb 2019 Update

 

Late loans are still only 7 in February so it seems like LendingCrowd are keeping on top of them. 

Lending Crowd Account Screenshot for Feb 2019 Update 1

 

If you’re looking to invest with one of the last P2P lenders that still allow bidding on loans, then LendingCrowd have Up to £400 cashback for £10,000 investment. Click here for more info. See my LendingCrowd Review if you would like to read about bidding on loans.

 

 

 

January 2019 Monthly Update

 

LendingCrowd

See Full Review

Lending Crowd Screenshot for Jan 19 Update 1

 

I’m a lot more comfortable with LendingCrowd in January than I have been for a while. You’ll remember last month and the month before there were 11 loans either in default or in arrears which was annoying me a little.  Well, I’m happy to report that LendingCrowd have taken that number down a bit. As of today (Jan 31st 2019) there are only 6 loans in arrears, and one that looks like it could go in to arrears (red circle) on the image below.

Lending Crowd Screenshot for Jan 19 Update 2

They did default and take a loss of 2 loans as bad debt but according to an email I received the other day, they are still chasing the bad debt and think they have a good chance of recovery based on directors guarantees and asset security (see below).

 

Email from LendingCrowd regarding one of the companies that was written off as bad debt.

Lending Crowd Email Screenshot for Jan 19 Update 4

 

LendingCrowd’s suggested Return on Investment seems to be right on target by their calculations, but income and Peer to Peer XIRR this month is a little less at 5.58% because of the bad debt hit.

LendingCrowd are another company who are having a good cashback offer right now from £100 – £400 for lending out £2,500 to £10,000. Click here for more information on the cashback offer.

Read my LendingCrowd Review for more information on how they work.

 

 

December 2018 Update

 

LendingCrowd

See Full Review

Lending Crowd Account Screenshot - Dec 2018 Update 1

 

Lending Crowd Account Screenshot - Dec 2018 Update2

 

LendingCrowd are a little bit different to the previous accounts as I use the “Self Select” account with “Auto-Bid”. The “Annual Rate of Return” they are giving is 9.17% however XIRR is running at 5.85% but that doesn’t take in to account any of the potential bad debt for which is seems there could be quite a bit.

As you can see below, there are currently 11 loans in arrears which is way too many for the time I have been invested with them. I’m still watching recovery efforts very closely.

Lending Crowd Account Screenshot - Dec 2018 Update 3-1

 

 

 

November 2018 Update

LendingCrowd

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Lending Crowd Account Screenshot - Update November 2018

 

With LendingCrowd unfortunately I can’t say “easy, safe investment” like Landbay. However the return is (hopefully) far superior. That being said, I have worries about LendingCrowd. As you can see from the screenshot above, I currently have 7 loans which are late or in arrears. Compare this number to Funding Circle with two that have gone bad, and you can see where my worries lay.

I have been in communication with Customer Service and they assure me that this is normal and just a coincidence that these loans are going bad all at the same time, but I obviously don’t like it. My strategy was to sell loans when they become late, however they have stopped investors from doing that now, so when I loan is late, I can’t sell it, which locks us in to the losses with no way out.  I will be keeping an eye on LendingCrowd and if this carries on, I may have to cut my losses and sell some good loans to get out. That may be a bit hasty but we’ll see. The XIRR is at 5.40% which is reasonable, however that does not include any losses from the 7 bad loans (as they are still hoping to collect on them).

 

 

October 2018 Monthly Update

 

LendingCrowd

See Full Review

Lending Crowd Oct Update Account Screenshot 1.1

 

I increased my investment with LendingCrowd by £1000 in October so I can continue to bid on loans. LendingCrowd continue to be a hobby for me as well as an investment. I still bid on loans almost every day, as they have had a really good new loan flow recently. In the last month I have increased my loan number from 274 to 299. All of these loans were through bids.

With every new loan I’m at around 1% higher return than the overall rate on each loan. This not only means better return rates, but it also makes the loans easier to sell if I ever need to exit early, as investors seem to buy loans more quickly when they are above the average return. You can see from the screenshot below what I mean about the average rate and my rate. This loan hasn’t fully funded yet so chances are the average rate will drop quite a bit before it goes live.

Lending Crowd Bid Screenshot for Oct Update

Loans in Arrears

I have a couple of loans that are in arrears, and a couple that are just late in the screenshot below (although while writing this post, I just received an email from LendingCrowd that said one of the loans is now up to date). I have learned that loans are marked as late 5 days after the payment was supposed to be made. So what I have started to do is to try to sell loans on the secondary market on the 4th day they are late and let someone else take the risk of default if they want to. I managed to sell 2 loans last week that then went in to arrears. Hopefully if I can keep on top of this method, it should help keep my returns on the higher side.

Lending Crowd Oct Update Account Screenshot 2.1

 

You can see in the screenshot below how to sell loans. Simply move the “Loan Exchange Status” slider to “Listed for Sale” and then the loan becomes available on the secondary market. After a loan is marked by LendingCrowd as “In Arrears” though, after being 5 days late, the “Loan Exchange Status” slider then becomes unavailable

Lending Crowd Oct Update Account Screenshot 3.2

 

 

 

September 2018 Monthly Update

 

LendingCrowd
See Full Review

Lending Crowd Growth Chart September 2018

Lending Crowd Account Screenshot 1 Oct 2018

I increased my investment with LendingCrowd by £500 again in September so I can continue to bid on the self-select loans. You can see by the summary screenshot that I am well diversified into LendingCrowd loans with a total of 274 to date.

 

Lending Crowd Account Screenshot 2 Oct 2018

I have the Auto-Bid feature set to automatically bid on new loans. I’m really happy with the LendingCrowd new loan flow. The 9 loans in the screenshot above have been bid on automatically. My strategy is to wait until a few minutes before each loan closes, and see where the bids are, then bid again on each loan at the highest rate available. Typically using this strategy helps to get a higher rate than the overall rate accepted on the loan.

Unfortunately there are a couple of loans in arrears. This is bound to happen with any lender. I will watch to see how well LendingCrowd recoup any defaulted loans to ensure they are getting capital back in a timely manner.

 

 

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Prior to September 2018, no screenshots were published, however you can still see the full updates below:

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