- New Notes are listed seven days a week at 6 AM, 10 AM, 2 PM, and 6 PM PT.
Filter Sample
- $2000-$35,000 Loans
- E-G Grade
- Purpose: Only Debt Consolidation/Credit Cards
- $60,000 income/year
- 10+ Years of Employment
- Max 20% Debt-to-Income Ratio
- 5+ Open Credit Lines
- 10+ Total Credit Lines
- No Inquiries
- No Public Records
- Max 95% Credit Utilization
- Exclude CA & FL
How to construct filter?
A Lending Club Filter
Article 1 (It's advertisement, but something is worth of learning)
In general, a note enters Default status when it is 121+ days past due. When a note has entered Default status, Charge Off occurs no later than 150 days past due (i.e. No later than 30 days after the Default status is reached) when there is no reasonable expectation of sufficient payment to prevent the charge off. Please note, bankruptcies may be charged off earlier based on date of bankruptcy notification.
Article 1 (It's advertisement, but something is worth of learning)
TERMS
What is the difference between a loan that is in “default” and a loan that has been “charged-off”?
A loan that is in “Default” is a loan for which a borrower has failed to make a payment for an extended period of time. A loan becomes “Charged Off” when there is no longer a reasonable expectation of further payments. A loan that is in “Default” will still appear in your Notes, in the status of “Default,” while a loan that has been “Charged Off” will appear as charged off, and the remaining principal balance of the Note will be deducted from your account balance.In general, a note enters Default status when it is 121+ days past due. When a note has entered Default status, Charge Off occurs no later than 150 days past due (i.e. No later than 30 days after the Default status is reached) when there is no reasonable expectation of sufficient payment to prevent the charge off. Please note, bankruptcies may be charged off earlier based on date of bankruptcy notification.
This article covers almost all the things about investing P2P loan.
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