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[Fred93]

Fred93 has unfortunately updated his blog this morning.

Today's entry is a lengthy monolog on Lendingclub's bad mathematics.

[Fred93]

Lendingstats responded.  They're taking down the ROI page.  I published their response in the blog.

Date: 12/24/2007
From: Patrick Gannon ...
Subj: Re: Lendingclub - bad math
Thank you for your analysis of our ROI calculations. We are taking down the ROI section of the statistics page for now while we review your comments, track down potential errors in the calculation and improve the help page. We will blog a response in the next few days after we relaunch that page.

I tried to open an account on your blog to post a public comment but couldn’t sign up.

We appreciate your interest in Lending Club, and we hope that we can win you over as a lender.

Thanks again for your analysis,

Patrick from Lending Club

[ira01]

Lendingstats Lendingclub responded.  They're taking down the ROI page.  I published their response in the blog.

Date: 12/24/2007
From: Patrick Gannon ...
Subj: Re: Lendingclub - bad math
Thank you for your analysis of our ROI calculations. We are taking down the ROI section of the statistics page for now while we review your comments, track down potential errors in the calculation and improve the help page. We will blog a response in the next few days after we relaunch that page.

I tried to open an account on your blog to post a public comment but couldn’t sign up.

We appreciate your interest in Lending Club, and we hope that we can win you over as a lender.

Thanks again for your analysis,

Patrick from Lending Club

Too bad Prosper isn't responsive like that.  Hopefully, Lendingclub will stay responsive, and not turn into Prosper.

[NewHorizon]

I hafta say - that was a pleasant and responsible reply on the part of LendingClub.  I hope they're still like that, say, two years from now.

[msava]

Back in the old days of  Prosper, they were responsive also. Fred93 approached    lending club respectfully without malice. Just wait until some of the uncouth boobs on here start writing. ml

Be Pro$perou$
Ms. Ava