Author Topic: Deadbeats  (Read 6702 times)

Edward Reid

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Re: Deadbeats
« Reply #15 on: March 01, 2017, 12:04:54 PM »
389 notes, various ages 0 to 33 months. 23 charge-offs. The worst of them made 3 payments. I am 94% grade C.

I tightened my selection criteria about three months after I started. 60% of my notes are from after then, but only one of the charge-offs is from after then.



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Re: Deadbeats
« Reply #16 on: March 01, 2017, 12:40:20 PM »
I've actually had quite a flurry of those, 0-4 payments and then bankruptcy and it was across all credit grades.

It was funny, I said the word 'deadbeats' in an email to lending club (this was maybe 3.5-4 years ago) and the guy totally flipped out, insisting that I not call them that because LC doesn't pass through any "deadbeats".

maybe criminals or fraudsters is a more appropriate term.