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Author Topic: Million dollar income CEO; seeks $35k loan

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Million dollar income CEO; seeks $35k loan
OP: November 29, 2014, 12:00:00 AM
https://www.lendingclub.com/browse/loanDetail.action?loan_id=36310434

Oh yea.  You can find lots of CEO, COO, President job titles >$200k, but this is the only million buck salary I've seen on LC.

Income is not (at this time) verified.

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s
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Million dollar income CEO; seeks $35k loan
#1: November 29, 2014, 12:00:00 AM
This guy is a lousy bet anyway based on his loan history.  About the high income,  I am put off right away by the need for more money.  It makes me feel that they are not very good with their money.  It also makes me wonder if they are putting in a backstop in case they need to file bankruptcy.
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Million dollar income CEO; seeks $35k loan
#2: November 29, 2014, 12:00:00 AM
Why even bother? If I scaled this to my income, I'd never consider a loan so small.
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T
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Million dollar income CEO; seeks $35k loan
#4: November 30, 2014, 12:00:00 AM
Nickelsteamroller says over all time there have been 46 LC loans where the borrower claimed >= $1M annual income.

Of these 19 had verified income.
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M
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Million dollar income CEO; seeks $35k loan
#5: November 30, 2014, 12:00:00 AM
And of the 51 million dollar-plus annual income loans in the historical file, zero now have a status other than "Current" or "Fully Paid". Seems like a pretty good bet ... if you're into small sample sizes.
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P
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Million dollar income CEO; seeks $35k loan
#6: November 30, 2014, 12:00:00 AM
It could be someone who wants to test LC's processes.
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T
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Million dollar income CEO; seeks $35k loan
#7: December 04, 2014, 12:00:00 AM
https://www.lendingclub.com/browse/loanDetail.action?loan_id=36421459

Here's a guy who says he makes $2,252,880 / year.  Title: n/a   Length of employment: n/a  Asking for a $20,000 loan. 

Surely this one is another typo where he entered annual salary when asked for monthly, eh?
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