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Lending Club Discussion => Investors - LC => Topic started by: rubicon on January 13, 2017, 12:00:00 AM

Title: Spike in IGP this month?
Post by: rubicon on January 13, 2017, 12:00:00 AM
I'm seeing a spike in IGP this month. Anyone else seeing the same thing?
Title: Spike in IGP this month?
Post by: Lovinglifestyle on January 13, 2017, 12:00:00 AM
Definitely. Xmas overspending?
Title: Spike in IGP this month?
Post by: JohnnyP on January 14, 2017, 12:00:00 AM
December was horrid for me.
Title: Spike in IGP this month?
Post by: jz451 on January 14, 2017, 12:00:00 AM
Not so far, but November was really bad for me.
Title: Spike in IGP this month?
Post by: fliphusker on January 14, 2017, 12:00:00 AM
Guess I am not the norm, my account is in the best shape it has been since I started.
Title: Spike in IGP this month?
Post by: .Ryan. on January 14, 2017, 12:00:00 AM
Yep, I'm feeling the spike in new nonpayments, which for me happened in late December. Now that those are hitting the Late (16-30) mark right now, the percentage of notes in that category have jumped from about .5% to nearly 1%. Its been painful to watch.
Title: Spike in IGP this month?
Post by: TravelingPennies on January 14, 2017, 12:00:00 AM
My "Adjustment for Past-Due Notes" has grown by 15% since 31 Dec. Capital base has been stable for a few months.
Title: Spike in IGP this month?
Post by: Rob L on January 14, 2017, 12:00:00 AM
My "Adjustment for Past Due Notes" has grown by 14% since 31 Dec with stable principal invested.
However, interestingly IGP =-23%, Late 16 - 30 days = +37%, Late 31 - 120 days = +9.6%.
Could be the effects of my fall selling spree are still showing up in my numbers. Needless to say I don't like what I see.
Title: Spike in IGP this month?
Post by: TravelingPennies on January 14, 2017, 12:00:00 AM
Yep, my total adjusted late has jumped 20% since December 31st.  What is with that?
Title: Spike in IGP this month?
Post by: bluto on January 14, 2017, 12:00:00 AM
October and November were horrid for me (worst credit months since 2009) but December and January both improved from the prior low base (still under the last 3 year credit average but better than the last two months. 
Title: Spike in IGP this month?
Post by: TravelingPennies on January 27, 2017, 12:00:00 AM
I stated above that December was my best month, but things have turned.  A week ago I had 0 IGP.  Today I have 11.  Would say half are on payment plans at least.  Lots of misguided XMAS spending I am hoping. 
My furnace is going along with this trend and having issues too.  :(
Title: Spike in IGP this month?
Post by: SeanMCA on January 27, 2017, 12:00:00 AM
Now that it's being mentioned, it looks like mine have shot up as well. 42 IGP right now, above normal for me