I thought I would share the experience here, since this isolates mid-to-late October issuance. First month quality:
165 issued notes
3 notes paid in full in first month
22 notes have not reached 1st payment (or are processing/current)
7 notes IGP
So, payment on 7 of the 140 notes which have come up on their first payment date failed.
That seems really bad.
It is difficult to know how to rate your experience, because there are no good statistics for IGP. The only data that LC publishes for "payments" is the giant payments file, and it only contains monthly information. Was the monthly payment made or not. Because of this, it contains almost no "IGP" or "Late16-" entries. Most months are marked "current" or "late31-". Just a result of the monthly sampling. What happens on shorter time scale is lost. Many folks have processed the payments file (including me) to try to get some stats on what happens to late loans. While we can see the "Late31-" we can't see the shorter-lived statuses, so have computed no statistics about them.
I therefore have no idea what fraction of loans one should expect to go IGP on 1st month for various grades etc, or whether this has increased or decreased over the years etc.
We do of course have the one number that LC has produced, which is their statement that 27% of IGP outstanding balance reaches charge off status within 9 months.
https://www.lendingclub.com/info/demand-and-credit-profile.actionInvestors can access more detailed info on the individual web pages for notes, but one can only access notes that you own, or that are offered for sale on folio. Also, of course, LC discourages non-human consumption of these web pages (ie screen scraping).