Author Topic: Default Rate  (Read 3444 times)

flahvah

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Default Rate
« on: February 28, 2012, 08:34:57 PM »
Why doesn't Lending Club show me my default rate? I'd like to know how my loans are performing vs the expected rate and others in the same loan classes.

Peter

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Re: Default Rate
« Reply #1 on: March 01, 2012, 06:24:53 PM »
I think default rate is not something Lending Club wants to really highlight. But if you go to the More Details page you can get a good idea of your rate:
https://www.lendingclub.com/account/lenderAccountDetail.action

What I like about this screen is that it gives you the total amount that was charged off as well as the number. This is a more meaningful figure because sometimes a loan will charge off after just one or two payments and sometimes it will charge off after 24 payments. There is a big difference to your actual dollar loss with these two situations.
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