Notes with only one or two years left to maturity should be more appealing. I anticipate much better deals on the Notes for sale in the near future. I have not sold any Notes yet but it should be as simple a process as buying.

Accrued interest since the last payment date is displayed on the Browse Notes page. The buyers receive interest payments, irrespective of whether they buy the Note on the first day after the previous payment has been made, on the last day before a payment is being made, or any time in between. The Notes traded through the Trading Platform pay monthly interest. The Notes are not re-graded over time but variations of the credit score of the underlying borrower since the issue date are shown. Information About NotesĮach listing contains the Note’s interest rate, issue date, outstanding principal, accrued interest, number of payments left, and payment history to date. Of course you wouldn’t normally take a loss of 78 cents but I wanted run through a buy to the conclusion. Otherwise your order will settle on the next business day. Your order will settle today if we received your order before 11am Pacific time on a business day. We have received your order to buy 1 Note for a total purchase price of $25.78. My purchase goes through and I get the message: This is a very handy chart with a lot of information and a link back to the original loan. Some of the loans on this page have had a Credit Score Change that is indicated by the direction of the arrows. Notice in this snapshot that I pay a markup of 3.12% or 78 cents. In the meantime I will buy a $25 Note to finish the process. They have already improved since the last time I looked.

Over time these discounts will rise and you will be able to pick up some bargains. Anything with the slightest discount is $500 or more and the highest discount is 2.36% if you are willing to invest $1,710. I’m looking for a discount so I sort on “Markup/Discount” again. There are 93 more Notes with markups between 2.71% and 19.69%. I think the Asking Price of $250 had a zero accidentally added. The highest markup is 896.81% on a $25 Note. This is the difference between the Asking Price and the sum of Outstanding Principal and Accrued Interest.

121 Notes match my criteria and I sort on “Markup/Discount”. I click on “Browse Notes” and take the default search settings. And it is the seller that pays the 1% trading fee. I may be able to find Notes priced below their fair value. I can buy Notes that have a shorter time period to maturity. However, the listings are not updated to reflect changes in the credit worthiness of the borrower. As a trader I can review loan payment history and credit score changes since the date the loan was issued, as well as the original loan listing. It was straight-forward enough to sign up and now I am ready to buy a Note. The privately held company is headquartered in Vienna, Virginia. Steven Wallman, a former commissioner of the Securities and Exchange Commission, established the company in 1998.

The company also operates Proxy Governance, Inc., which provides corporate governance-related services to companies. Through its wholly owned, registered clearing broker-dealer subsidiary, FOLIOfn Investments, Inc., the company offers an integrated brokerage and technology platform featuring its patented Folio trading capability, as well as execution, clearance and settlement services. FOLIOfn offers its brokerage services on both a full-service basis and a technology-licensed basis. is a brokerage and investment company serving investors, financial advisors, and financial institutions around the world. This is what Wikipedia says about this company:įOLIOfn, Inc. Just when I was getting used to doing business with Lending Club, I now have to work with FOLIOfn. Only Notes that were issued after Octocan be traded on the Trading Platform. You will need to open an account with FOLIOfn, but you can use the funds available in your Lending Club account to buy Notes through the Trading Platform, and receive the proceeds of any sale of Notes (minus a 1% trading fee) directly into your Lending Club account. If you are a Lending Club lender and wish to sell some of your Notes, or buy Notes currently held by other lenders, you can now use the Note Trading Platform operated by FOLIOfn, member FINRA/ SIPC. Here is what Lending Club has to say about trading: None of my loans have turned rickety and I have even signed up for FOLIOfn’s Note Trading Platform. I previously wrote about my experience with Lending Club.

Foliofn inc