Author Topic: Million dollar income CEO; seeks $35k loan  (Read 12485 times)

Fred93

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Million dollar income CEO; seeks $35k loan
« on: November 29, 2014, 04:25:25 PM »
https://www.lendingclub.com/browse/loanDetail.action?loan_id=36310434

Oh yea.  You can find lots of CEO, COO, President job titles >$200k, but this is the only million buck salary I've seen on LC.

Income is not (at this time) verified.


standby

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Re: Million dollar income CEO; seeks $35k loan
« Reply #1 on: November 29, 2014, 04:34:34 PM »
This guy is a lousy bet anyway based on his loan history.  About the high income,  I am put off right away by the need for more money.  It makes me feel that they are not very good with their money.  It also makes me wonder if they are putting in a backstop in case they need to file bankruptcy.

PeerSocialLending

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Re: Million dollar income CEO; seeks $35k loan
« Reply #2 on: November 29, 2014, 07:02:47 PM »
Why even bother? If I scaled this to my income, I'd never consider a loan so small.
-Ryan
p2p lending blogger @ www.peersociallending.com

rawraw

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Re: Million dollar income CEO; seeks $35k loan
« Reply #3 on: November 29, 2014, 08:30:25 PM »
Why even bother? If I scaled this to my income, I'd never consider a loan so small.
I see a lot of wealthy people's financials and its often shocking how little some of them actually have.  Normally the credit card and the wife's expenses are almost as much as what comes in and sometimes can actually be financed as well.  Who knows what this guys case is, or if its just a typo

Fred93

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Re: Million dollar income CEO; seeks $35k loan
« Reply #4 on: November 30, 2014, 01:36:57 AM »
Nickelsteamroller says over all time there have been 46 LC loans where the borrower claimed >= $1M annual income.

Of these 19 had verified income.

MarinBB

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Re: Million dollar income CEO; seeks $35k loan
« Reply #5 on: November 30, 2014, 01:56:19 AM »
And of the 51 million dollar-plus annual income loans in the historical file, zero now have a status other than "Current" or "Fully Paid". Seems like a pretty good bet ... if you're into small sample sizes.

Prescott

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Re: Million dollar income CEO; seeks $35k loan
« Reply #6 on: November 30, 2014, 04:36:31 PM »
It could be someone who wants to test LC's processes.

Fred93

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Re: Million dollar income CEO; seeks $35k loan
« Reply #7 on: December 04, 2014, 12:24:00 PM »
https://www.lendingclub.com/browse/loanDetail.action?loan_id=36421459

Here's a guy who says he makes $2,252,880 / year.  Title: n/a   Length of employment: n/a  Asking for a $20,000 loan. 

Surely this one is another typo where he entered annual salary when asked for monthly, eh?

rawraw

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Re: Million dollar income CEO; seeks $35k loan
« Reply #8 on: December 04, 2014, 12:28:11 PM »
https://www.lendingclub.com/browse/loanDetail.action?loan_id=36421459

Here's a guy who says he makes $2,252,880 / year.  Title: n/a   Length of employment: n/a  Asking for a $20,000 loan. 

Surely this one is another typo where he entered annual salary when asked for monthly, eh?
Even if divided by twelve, he makes $187M

Booleans

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Re: Million dollar income CEO; seeks $35k loan
« Reply #9 on: December 04, 2014, 02:24:55 PM »
https://www.lendingclub.com/browse/loanDetail.action?loan_id=36421459

Here's a guy who says he makes $2,252,880 / year.  Title: n/a   Length of employment: n/a  Asking for a $20,000 loan. 

Surely this one is another typo where he entered annual salary when asked for monthly, eh?
Even if divided by twelve, he makes $187M

$187,000 * 12 / 12 = $187,000

rawraw

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Re: Million dollar income CEO; seeks $35k loan
« Reply #10 on: December 04, 2014, 02:35:54 PM »
https://www.lendingclub.com/browse/loanDetail.action?loan_id=36421459

Here's a guy who says he makes $2,252,880 / year.  Title: n/a   Length of employment: n/a  Asking for a $20,000 loan. 

Surely this one is another typo where he entered annual salary when asked for monthly, eh?
Even if divided by twelve, he makes $187M

$187,000 * 12 / 12 = $187,000
What?

Booleans

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Re: Million dollar income CEO; seeks $35k loan
« Reply #11 on: December 04, 2014, 03:57:28 PM »
https://www.lendingclub.com/browse/loanDetail.action?loan_id=36421459

Here's a guy who says he makes $2,252,880 / year.  Title: n/a   Length of employment: n/a  Asking for a $20,000 loan. 

Surely this one is another typo where he entered annual salary when asked for monthly, eh?
Even if divided by twelve, he makes $187M

$187,000 * 12 / 12 = $187,000
What?

My mistake. I read your "$187M" salary as "187MM".

Fred93

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Re: Million dollar income CEO; seeks $35k loan
« Reply #12 on: December 04, 2014, 06:06:33 PM »
My mistake. I read your "$187M" salary as "187MM".

Funny thing... Engineers use K to mean Thousand and M to mean Million, and finance people often use M to mean thousand and MM to mean Million.  Causes lots of confusion at my company. 

core

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Re: Million dollar income CEO; seeks $35k loan
« Reply #13 on: December 04, 2014, 06:30:20 PM »
Funny thing... Engineers use K to mean Thousand and M to mean Million

I would hope they use 'k' to mean thousand and 'K' to mean Kelvin.  Otherwise I don't want want them designing anything that's getting near me.

Victor

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Re: Million dollar income CEO; seeks $35k loan
« Reply #14 on: December 04, 2014, 08:03:22 PM »
Funny thing... Engineers use K to mean Thousand and M to mean Million

I would hope they use 'k' to mean thousand and 'K' to mean Kelvin.  Otherwise I don't want want them designing anything that's getting near me.

k = Thousand

M = Million

Anything else is from the evil one.

Put me in league with the engineers and adamantly opposed to the finance people.