Author Topic: When are deadbeats reported to credit agencies  (Read 5033 times)

hoggy1

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When are deadbeats reported to credit agencies
« on: September 04, 2014, 09:49:21 AM »
Here's a loan with a steady 725 FICO history which is almost 4 months without a payment and which was sent to a collection agency 6 weeks before the last FICO score was reported.  When does LC report these cheats?

https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=11296258&order_id=31341307&note_id=39351235
Steve

rrsafety

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Re: When are deadbeats reported to credit agencies
« Reply #1 on: September 08, 2014, 10:59:04 AM »
and the credit score is up...

rawraw

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Re: When are deadbeats reported to credit agencies
« Reply #2 on: September 08, 2014, 12:08:47 PM »
I'd ask LC

cfb

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Re: When are deadbeats reported to credit agencies
« Reply #3 on: September 08, 2014, 05:28:42 PM »
Just don't mention the word 'deadbeats'.  I had an LC guy get all offended when I used that term regarding people who stop paying on a loan.  :D

Joleran

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Re: When are deadbeats reported to credit agencies
« Reply #4 on: September 17, 2014, 12:22:52 AM »
Just don't mention the word 'deadbeats'.  I had an LC guy get all offended when I used that term regarding people who stop paying on a loan.  :D

I like to refer to them as those "delinquent dick-waffles".

brycemason

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Re: When are deadbeats reported to credit agencies
« Reply #5 on: September 17, 2014, 11:46:32 AM »
Why report them when you can hope they refi out of their (and our) problem!?

rrsafety

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Re: When are deadbeats reported to credit agencies
« Reply #6 on: May 17, 2015, 08:17:02 AM »
What if social lending is just a scam by the large banks to create a last chance re-fi for deadbeats that is outside the banks' balance sheets? I can imagine Citibank sending Lending Club offers to customers they identify as in trouble.  Just flexing my conspiracy muscle to stay in shape.  :)

Randawl

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Re: When are deadbeats reported to credit agencies
« Reply #7 on: May 17, 2015, 09:06:50 AM »
What if social lending is just a scam by the large banks to create a last chance re-fi for deadbeats that is outside the banks' balance sheets? I can imagine Citibank sending Lending Club offers to customers they identify as in trouble.  Just flexing my conspiracy muscle to stay in shape.  :)

Hehe, I hadn't thought of that until now.           :D