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When are deadbeats reported to credit agencies

Started by Peter, September 03, 2014, 11:00:00 PM

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hoggy1

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&note_id=39351235" class="bbc_link" target="_blank">https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=11296258&order_id=31341307&note_id=39351235



cfb

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.  https://forum.lendacademy.com/Smileys/default/cheesy.gif" alt=":D" title="Cheesy" class="smiley" />


brycemason

Why report them when you can hope they refi out of their (and our) problem!?

TravelingPennies

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.  https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />


NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL