Author Topic: Lending Club overview of borrowers and investors  (Read 1616 times)

AnilG

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Lending Club overview of borrowers and investors
« on: May 24, 2017, 07:17:54 PM »
Received Lending Club Turns 10 email. A few new interesting info about borrowers and investors in this email.

Our story is best told by the numbers...
 
   More than 160,000 retail investors have gotten unprecedented access to invest in consumer credit through LendingClub's platform
   Nearly 2 million borrowers have gotten access to affordable credit through LendingClub's marketplace
   98% of investors who invest in 100+ Notes of relatively equal size have seen positive returns
   1,700 loans are reviewed per day, and more than 50,800 loans per month
   Loans receive full commitment in 3-4 days on average
   Auto refinance customers saved an average of $1,5002
   Borrowers pay 24% lower in interest than they were paying on their outstanding debt or credit cards3
   73% of borrowers experience a FICO score increase three months after obtaining their loan--with an average score increase of 28 points!
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Anil Gupta
PeerCube Thoughts blog https://www.peercube.com/blog
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