Entering Lending Club’s Grace Period

A few days ago I had my first Lending Club note hit the “Grace Period” which is a term I’m not familiar with. After doing some research it became clear that the automatic withdrawal from the borrower’s account had failed and therefore I had not received my P&I payment. I continued to watch this note for the next few days patiently waiting until today when the payment was made and I received my money. [Read more...]