Title: When are deadbeats reported to credit agencies
Post by: hoggy1 on September 03, 2014, 11:00:00 PM
Post by: hoggy1 on September 03, 2014, 11:00:00 PM
Here's a loan with a steady 725 FICO history which is almost 4 months without a payment and which was sent to a collection agency 6 weeks before the last FICO score was reported. When does LC report these cheats?
https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=11296258&order_id=31341307¬e_id=39351235
https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=11296258&order_id=31341307¬e_id=39351235
Title: When are deadbeats reported to credit agencies
Post by: rrsafety on September 07, 2014, 11:00:00 PM
Post by: rrsafety on September 07, 2014, 11:00:00 PM
and the credit score is up...
Title: When are deadbeats reported to credit agencies
Post by: rawraw on September 07, 2014, 11:00:00 PM
Post by: rawraw on September 07, 2014, 11:00:00 PM
I'd ask LC
Title: When are deadbeats reported to credit agencies
Post by: cfb on September 07, 2014, 11:00:00 PM
Post by: cfb on September 07, 2014, 11:00:00 PM
Just don't mention the word 'deadbeats'. I had an LC guy get all offended when I used that term regarding people who stop paying on a loan. 
Title: When are deadbeats reported to credit agencies
Post by: Joleran on September 16, 2014, 11:00:00 PM
Post by: Joleran on September 16, 2014, 11:00:00 PM
Title: When are deadbeats reported to credit agencies
Post by: brycemason on September 16, 2014, 11:00:00 PM
Post by: brycemason on September 16, 2014, 11:00:00 PM
Why report them when you can hope they refi out of their (and our) problem!?
Title: When are deadbeats reported to credit agencies
Post by: TravelingPennies on May 16, 2015, 11:00:00 PM
Post by: TravelingPennies on May 16, 2015, 11:00:00 PM
What if social lending is just a scam by the large banks to create a last chance re-fi for deadbeats that is outside the banks' balance sheets? I can imagine Citibank sending Lending Club offers to customers they identify as in trouble. Just flexing my conspiracy muscle to stay in shape. 
Title: When are deadbeats reported to credit agencies
Post by: Randawl on May 16, 2015, 11:00:00 PM
Post by: Randawl on May 16, 2015, 11:00:00 PM