Lending Club celebrating 10 years 😀

1pq9eqHere are some numbers~

  • More than 160,000 retail investors have gotten unprecedented access to invest in consumer credit through LendingClub’s platform
  • Nearly 2 million borrowers have gotten access to affordable credit through LendingClub’s marketplace
  • 98% of investors who invest in 100+ Notes of relatively equal size have seen positive returns
  • 1,700 loans are reviewed per day, and more than 50,800 loans per month
  • Loans receive full commitment in 3-4 days on average
  • Auto refinance customers saved an average of $1,500
  • Borrowers pay 24% lower in interest than they were paying on their outstanding debt or credit cards3
  • 73% of borrowers experience a FICO score increase three months after obtaining their loan–with an average score increase of 28 points!

NOT BAD~~

I am satisfied with my high single digit returns~ Wish it could be double digit but not going to complain in the world of very very low interest rate~

Also, I hope the Lending Club stock gets itself together. Too much drama~

In terms of investing these days, I realize that Lending Club is running out of good loans!

I remember finding loans that fit my criteria some time ago. Now a lot of times, there is nothing much…Also, there is an increase in charge-offs 😦

Still I remain hopeful in peer-to-peer lending and hope Lending Club sticks around.

 

 

 

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