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Author Topic: Fred93 blog - Lendingclub 02/01/09 late loan stats update  (Read 2568 times)

Fred93

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Fred93 blog - Lendingclub 02/01/09 late loan stats update
« on: February 05, 2009, 10:41:24 pm »
« Last Edit: October 20, 2009, 02:52:39 am by Fred93 »
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ira01

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Re: Fred93 blog - Lendingclub 02/01/09 late loan stats update
« Reply #1 on: February 06, 2009, 12:35:34 am »
Looks a lot better than the Prosper charts, but isn't the average interest rate considerably lower on LC than Prosper, due to the higher credit ratings?  If so, then lender ROI may be little or no better.
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Fred93

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Re: Fred93 blog - Lendingclub 02/01/09 late loan stats update
« Reply #2 on: February 06, 2009, 01:36:42 am »
Quote from: ira01 on February 06, 2009, 12:35:34 am
Looks a lot better than the Prosper charts, but isn't the average interest rate considerably lower on LC than Prosper, due to the higher credit ratings?  If so, then lender ROI may be little or no better.

I think you are correct.  I fear LC has set their rates too low.  However, I haven't tried to do any detailed calculations yet.
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