Comments on: Lending Club Statistics: Denying Most Loans

By: Edit

Edit — Sat, 20 Feb 2010 21:03:27 +0000

I must add that Lending Club removed my loan because of a small delinquncy which was 6 years old so as Rob mentioned “current delinquency” didnt apply in my case and they lost a good borrower. I dont think that was fair considering I have a 680 credit score and not late on anything for the past 6 years.

By: First Two Months Blogging P2P Lending | Personal Loan Portfolio

First Two Months Blogging P2P Lending | Personal Loan Portfolio — Fri, 07 Mar 2008 04:14:35 +0000

[...] Loan Portfolio Experience in P2P Lending on Prosper and Lending Club « Lending Club Statistics: Denying Most Loans PLR Interviews Fynanz CEO Chirag Chaman [...]

By: Eric Launches LendingClubStats.com | Personal Loan Portfolio

Eric Launches LendingClubStats.com | Personal Loan Portfolio — Tue, 29 Jan 2008 01:45:24 +0000

[...] Loans by Current or Late Status. Eric points out that this chart is currently useless because of the average age of the loans. I mentioned the same thing about the loan late rates posted on Lending Club’s site. [...]

By: Lending Club Posts Rejected Loan Profile Statistics | Personal Loan Portfolio

Wed, 23 Jan 2008 08:31:16 +0000

[...] Portfolio RSS feed or take a look at the site map. Thank you for visiting!Recently I noticed that Lending Club is denying most loans. Since that time, Lending Club has started posting the rejected loan profiles on the statistics [...]

By: Me vs Debt

Me vs Debt — Tue, 22 Jan 2008 12:30:37 +0000

Monday Morning Carnival Review…

Good morning. I had busy weekend and I’m just getting back into the swing of things. I’m going to start with linking to some of this weeks blog carnivals. I’ll be back with links to my favorite pos……

By: Amanda @ Me vs Debt

Amanda @ Me vs Debt — Tue, 22 Jan 2008 12:27:16 +0000

If they aren’t likely to get funded, its probably better that they are filtered out. Last time I went to lending club I was turned off by the interface. Maybe its worth checking it out again…

By: P2P-Banking.com Blog » P2P lending articles

P2P-Banking.com Blog » P2P lending articles — Mon, 21 Jan 2008 18:30:40 +0000

[...] Lending Club Statistics: Rejecting Most Loan Applications [...]

By: Peer-Lend.com » Blog Archive » » Carnival of Peer to Peer Lending #2

Mon, 21 Jan 2008 10:03:51 +0000

[...] at PersonalLoanPortfolio wonders Why Lending Club Denies Most Loans. This is a very interesting question, and one that I’ve asked Lending Club about in the [...]

By: P2P Lending is Naked Finance: Everyone is Watching | Personal Loan Portfolio

Mon, 21 Jan 2008 01:58:20 +0000

[...] I make bad decisions in Prosper lending. In contrast to Prosper, Lending Club only currently posts loan statistics, but they will likely make similar data available in the [...]

By: Second Peer to Peer Lending Carnival | Personal Loan Portfolio

Second Peer to Peer Lending Carnival | Personal Loan Portfolio — Sun, 20 Jan 2008 22:52:47 +0000

[...] If you’re new here, you may want to subscribe to the Personal Loan Portfolio RSS feed or take a look at the site map. Thank you for visiting!I participated in the second peer to peer lending carnival which is hosted at Brip Blap. There were too many good submissions to decide on a favorite post in this carnival, but I will post links and comments below to a few favorites. I submitted my article on Lending Club rejecting most loan applications. [...]

By: brip blap » The Carnival of Peer-to-Peer Lending: 2nd edition

brip blap » The Carnival of Peer-to-Peer Lending: 2nd edition — Sun, 20 Jan 2008 13:30:44 +0000

[...] presents Lending Club Statistics: Rejecting Most Loan Applications posted at Personal Loan Portfolio. This statistic really surprised me: only 11.2% of all loans [...]

By: PLP

PLP — Wed, 16 Jan 2008 14:10:09 +0000

Maybe I need to do smaller than six month segments. Also, I think that he is using their credit grades rather than the 30% DTI. I should rerun the analysis using the credit grades and see if it matches his report. I imagine that it will.