Recent Default Rates Influenced by Two Sectors

We’ve seen a rise in default rates across asset classes, whether you’re talking about P2P lending, stocks, or bonds. The bulk of it is attributed to the Energy and Materials sectors. Specifically, oil prices have undergone a massive fall in pricing due to...

Interest Rate Change: +1% for Risky Grades

Today Lending Club disclosed an interest rate change. Compared to the previous rates, it’s a relatively large adjustment to the risky grades. This is to address the higher-than-average default rates we’ve seen in the D and E grade loans. It’s...

2015 – A Big Year for Eligible Investor States

Lending Club opened 14 new states to retail investors in 2015, which made the platform available to over 92 million Americans (+29% of the U.S. population). The biggest states were Texas and Michigan. This was in the works since the company went IPO in late 2014,...

Lending Club Raises Interest Rates by 0.25%

Lending Club increased interest rates just days after the Fed raised the Fed Funds rate by 0.25%, being one of the first in the industry to do so. However, an environment with interest rate hikes is foreign to P2P investors and many of us have questions on its...