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Topics - mukoh

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Investors - LC / Escalation on Lending Club Why Not?
« on: September 15, 2014, 01:22:40 PM »
Typical industry standards in lending have escalation clauses. In the event borrower misses a payment lets say on Visa his interest rate on the balance goes up by X%. Why would lending club not have the same standard for its borrowers? I think it would be a deterrent to late payments, and would benefit everyone who lends?

General Lending Club Discussion / Lending Club Hitting Credit Reports
« on: June 27, 2013, 04:06:00 PM »
How can a note be 60+ days behind with Lending Club showing FICOs going up? Does Lending club hit their credit report with 60 day lates or does it completely negate that?

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