Skip to main content

Author Topic: verified income...?

l
  • Posts: 29
verified income...?
OP: September 18, 2013, 11:00:00 PM

https://www.lendingclub.com/foliofn/loanDetail.action?loan_id=4376230

So I wouldn't buy this for a number of reasons, but I also have some trouble believing the income..

I mean 400k a year for someone at a car dealership...

Now it might be possible that they had a particularly outstanding month, and submitted the totals for that month.
Then the DTI doesn't make sense, at least as far as I can tell.
  • IP logged

c
  • Posts: 24
verified income...?
#1: September 18, 2013, 11:00:00 PM
Quote
  • IP logged

T
  • *****
  • Hero Member
  • Posts: 6586
verified income...?
#2: September 18, 2013, 11:00:00 PM

Thats the other part that doesn't add up.

If they make 33k/month and spend 11k/month.. isn't there quite a bit of difference there.

Sure, they might pay 10k in taxes, but still.
  • IP logged

P
  • Posts: 3
verified income...?
#3: September 18, 2013, 11:00:00 PM
  • IP logged

P
  • Posts: 40
verified income...?
#4: September 18, 2013, 11:00:00 PM
I was looking at some note last night where the income was over $760,000 per MONTH.  I think they worked at the LA public library.  Must have been a typo. But it was already 69% funded when I was looking at it.  I passed on it.
  • IP logged