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Messages - statslender

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Investors - LC / Re: How does Default status work?
« on: February 16, 2016, 10:59:12 PM »
Thank you - makes perfect sense now.

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Investors - LC / How does Default status work?
« on: February 16, 2016, 09:46:47 PM »
I'm trying to figure out Lending Club basics, so I downloaded the LoanStats3c data (2013-2014 originations) from https://www.lendingclub.com/info/download-data.action

According to http://kb.lendingclub.com/investor/articles/Investor/What-do-the-different-Note-statuses-mean, defaulted loans haven't paid in 121 days. But I'm seeing 7 loans in Default with last payment in December 2015.

What gives? Are these notes truly in Default?

Apologies if this was answered somewhere else - I'm new.

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