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!