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Note Aging Algorithm

Started by Peter, January 22, 2018, 11:00:00 PM

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avid investor

Does anybody have a reasonably good note aging algorithm that they want to share?  The "31 - 120" that LC provides is virtually meaningless as a predictor of near-term losses.  I'm not looking for 100% accuracy, but I realize that payments to date / months since origination is not a good way to go because borrowers might have been paid way ahead months back and yet have not paid in 3 months.  Similarly, a borrower that is on a payment plan to catch up might be harder to factor in.

Fred93

Most people use the guidelines shown at the bottom of this page:
https://www.lendingclub.com/info/demand-and-credit-profile.action" class="bbc_link" target="_blank">https://www.lendingclub.com/info/demand-and-credit-profile.action

Almost no one pays way ahead.  Just doesn't happen.  Most notes either pay on time, or go late, and those who go late mostly default.

Rob L


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