Lending Club

rmweiss's Avatar

rmweiss

02 Jul, 2016 03:38 PM

I have over 9000 notes invested with lending Club. How do I track these loans, including principal, interest payments, etc. without having to enter each individual note?

  1. 1 Posted by Ben Spencer on 02 Jul, 2016 06:09 PM

    Ben Spencer's Avatar

    Moneydance does not have any specific feature for tracking notes invested in a lending club. I am confident you can achieve what you need to do with Moneydance just by using an asset account but with out knowing the details of how your investment works I am not sure what advice to offer. Could you tell me more details of how notes in out lending club work.

    Ben Spencer
    Infinite Kind Support

  2. 2 Posted by rmweiss on 03 Jul, 2016 05:35 AM

    rmweiss's Avatar

    Thanks, Ben. But the issue is mostly the current lack of a suitable import function for peer to peer lending investments or, better, online download directly from Lending Club. Just like from other Investment banks. Typically it involves hundreds or thousands of individual loans (notes) which would be hard to do manually.

    How do notes work in Lending Club?
    Please visit www.lendingclub.com for details.

  3. 3 Posted by Ben Spencer on 03 Jul, 2016 05:31 PM

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    Does lending club offer downloads of transactions in any format? If so what are those formats?

    Ben Spencer
    Infinite Kind Support

  4. 4 Posted by rmweiss on 04 Jul, 2016 02:02 PM

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    Yes, Lending Club allows export of the Notes file in .csv format. But that can not be imported into an investment account I understand...

    Having a peer to peer lending import function would greatly improve Money Dance and make it a more competitive product.

  5. System closed this discussion on 04 Oct, 2016 03:12 PM.

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