lendingclubloan payments
#RI-69a90f14·2 months ago·
1
“Making extra principal-only payments”
What Actually Happened
Extra payments applied to both principal and interest, not reducing balance as expected
What I wish I knew
"Extra payments should be applied to principal only by default"
Advice to Someone Facing This Now
If I could tell you one thing
"Double-check payment application before making extra payments"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
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lendingclub Category
1
lendingclub decisions logged. Avg regret 8/10 across the category.
Same Outcome Band
100%
of lendingclub decisions land in the severe band the same as this one.
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