Author Topic: Whats wrong with this loan?  (Read 1951 times)

hoggy1

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Whats wrong with this loan?
« on: October 03, 2015, 09:09:33 AM »
Can anyone tell me what is wrong with this loan?

https://www.lendingclub.com/browse/loanDetail.action?loan_id=61510623&previous=browse

This scores very high in my scoring system and hard to believe just the FL address keeps it from funding.

Steve
Steve

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Re: Whats wrong with this loan?
« Reply #1 on: October 03, 2015, 12:55:09 PM »
a) 1 inquiry (the ones with 0 have a much lower default rate)
b) 2 years of employment (3 or more years is when default rates are lower and start to level off)
c) FL resident, as you mentioned
d) not F or G (these are the only 2 grades I personally invest in right now)

lascott

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Re: Whats wrong with this loan?
« Reply #2 on: October 03, 2015, 01:17:24 PM »
Can anyone tell me what is wrong with this loan?
https://www.lendingclub.com/browse/loanDetail.action?loan_id=61510623&previous=browse
This scores very high in my scoring system and hard to believe just the FL address keeps it from funding.
Steve
I see it is funded now.

PeerCube rating: Risk Index: 114.5  High Risk

Hmm? Accounts Opened in Past 24 months: 9
Hmm? Months since most recent account opened: 1
Hmm? Number of revolving trades with balance >0: 5
Hmm? % of Bankcards >75% of Limit: 50%
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: Whats wrong with this loan?
« Reply #3 on: October 03, 2015, 05:10:48 PM »

I see it is funded now.


Very peculiar. When I posted this this morning it had been up for 2 days and had less than $2000 funded by only 30 people. All of a sudden its funded?
Steve

Fred

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Re: Whats wrong with this loan?
« Reply #4 on: October 05, 2015, 02:25:22 AM »
Very peculiar. When I posted this this morning it had been up for 2 days and had less than $2000 funded by only 30 people. All of a sudden its funded?

You put it under the spot light. ;-)