[johnh530]

I saw a posting:
LC Eliminating 41 credit data fields from note download... goodbye modeling

This is to take place Dec 11th.

How will this impact P2P-Picks in relation to being able evaluate notes?
Does P2P-Picks use any of these data fields in it's model?

johnh...

[brycemason]

No impact. These fields were added just a short while ago, so there are no completed 36 month vintages with them. Therefore, I don't have any evidence one way or the other on how to utilize them. In about a year I'll be able to merge loan outcomes with the old data downloads and see what I had been missing out on. Perhaps nothing. The real losers on this are the institutions which had alternative consumer credit data sets and knew how to take advantage of these extra fields. Still a shame.

[TravelingPennies]

Thanks so much for the reply!

I agree it is a shame that there will be less data available but are glad to know that P2P will not be impacted.

johnh...