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Author Topic: Lending Club overview of borrowers and investors

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Lending Club overview of borrowers and investors
OP: May 23, 2017, 11:00:00 PM
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!
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