Author Topic: Loan number  (Read 2463 times)

hoggy1

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Loan number
« on: January 30, 2015, 09:37:33 AM »
I have asked this question before which went unanswered. Does anyone have any idea how a new loan can get assigned a 6 digit loan number like this one offered today:

https://www.lendingclub.com/browse/loanDetail.action?loan_id=707689&previous=browse

Of 350,000 loans issued since 2 have 5 digit numbers and 261 have 6 digit loan numbers. The borrower number 900066 has not had an earlier loan. But if you look at loans issued to members with nearby member numbers those loans were all 6 digit loan numbers from early 2011. My guess then is these are loans applied for and rejected in the distant past.  Is this good or bad?

The rejected loan file is useless because it does not contain member numbers.
Steve

brycemason

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Re: Loan number
« Reply #1 on: January 30, 2015, 10:57:41 AM »

lascott

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Re: Loan number
« Reply #2 on: January 30, 2015, 11:21:55 AM »
Interesting document.  IBM's DB2 relational database has the ability to generate "unique" numbers as well starting at some value and incr/decr.

... how a new loan can get assigned a 6 digit loan number ...

Of four I bought recently one had a 7 digit and three had 8 digit loan IDs.  Must be some reuse going on from a "pool" of old IDs.

« Last Edit: January 30, 2015, 11:40:54 AM by lascott »
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

hoggy1

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Re: Loan number
« Reply #3 on: January 30, 2015, 12:47:17 PM »
http://www.scalabium.com/articles/id_generation.pdf



It's clear LC generally uses the next-largest strategy. I'm curious if we can discern anything about those notes that are obviously numbered differently.
« Last Edit: January 30, 2015, 04:47:37 PM by hoggy1 »
Steve