Million dollar income CEO; seeks $35k loan

[Fred93]

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]

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]

Why even bother? If I scaled this to my income, I'd never consider a loan so small.

[rawraw]

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]

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]

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]

It could be someone who wants to test LC's processes.

[Fred93]

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]

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]

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]

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]

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]

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]

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]

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.