I built a Lending Club bot
Since, I haven’t posted on here in a while, you probably didn’t even know that I was using Lending Club, but now you know!
What is Lending Club?
I’ll give you a brief intro on Lending Club if you are unfamiliar. Lending Club is a site that facilitates peer to peer lending. Here is a common loan story on lending club:
John has got himself into a situation where he owes a lot of money at high interest rates on his credit cards. He has decided that he wants to take control of his life and pay off his credit card debt, but a bank won’t give him a loan to pay it off. He goes online to Lending Club and requests a loan from his peers that is much lower than the interest rate on his credit cards. His online peers can choose to invest in his loan in increments as small as $25. He pays off all his credit cards and now only has 1 monthly payment to Lending Club at a lower interest rate than he previously had.
This is a very common situation on Lending Club, but people can actually get loans for all kinds of reasons such as home improvement, starting a business, etc.
So what is this bot for?
Anyway, Lending Club has grown in popularity over the past few years since I started investing. Large institutional investors have started dumping millions of dollars into these loans and have started acquiring the best loans as soon as they are available for investors to put money in. Since the loans were getting snatched up so quickly, I was left with all of the loans that historically performed the worst. [...]







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