My Second Lending Club Late

My second lending club late has infected my account.  It was a small loan to a super clean borrower…  These loan are not the one that typically go late.  I have high hopes that it will cure…

Chech out these stats.

FICO Range: 714+
Earliest Credit Line 11/2000
Open Credit Lines 6
Total Credit Lines 7
Revolving Credit Balance $4,500.00
Revolving Line Utilization 13.00%
Inquiries in the Last 6 Months 0
Accounts Now Delinquent 0
Delinquent Amount $0.00
Delinquencies (Last 2 yrs) 0
Months Since Last Delinquency 0
Public Records On File 0
Months Since Last Record 0

Clean as a whitsle… 

Much has been made of the Prosper collections (or lack thereof until the hiring of Doug Fuller).  I wonder… will Lending Club’s collections be any better?  I hope so, but only time will tell.  I will be sure to keep my readers informed.

Update…  I just logged into my LC account and this loan is back to current…

If you would like to try Lending Club I suggest you sign up with a referral link. You will receive $25 signup bonus ($50 if you deposit $1000 or more), which covers your 1st (or first 2) defaulted borrowers.  Here is a referral link to sign up and receive the $25 bonus: Signup via this link and receive a $25 startup bonus

Cheers. 

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Categories:

Collections, Lending Club



2 comments ↓
#1 Chrisfs on 03.27.08 at 7:23 am

Are there stat sites for lending club like there are for Prosper?
Do they publish the results of their collection agency so that a comparison could even be made?

#2 RateLadder on 03.27.08 at 7:29 am

http://www.lendingclubstats.com

is run by Eric of EricCC.

As far as I know LC does not publish collection agency information or even state that they use one… It might be all in house. Anyone know???

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