I have about 3% of assets in LC and went from 12% net return down to 7.5% according to lending clubs calculation, however, my statements have been showing losses for over 12 months so its probably close to -5%. I'm actively getting out through the secondary market now but its slow going. In addition, the tax treatment on a non-tax advantaged accounts is horrible - paying full tax on the interest and not not able to write off the full amount of charge-offs.
My Notes at-a-Glance 4843
Not Yet Issued $0
Issued & Current $68,395
In Grace Period $1,988
Fully Paid $178,568
Late 16 - 30 Days $965
Late 31 - 120 Days $4,488
Default $430
Charged Off $55,473
Payments $366,840.12
Payments to Date $366,840.12
Principal $261,505.21
Interest $105,303.91
Late Fees $30.99