2 thoughts on “How Much Should You Discount Loans 15-30 Days Late if you Want to Sell

  1. There’s something hinky in the way Lending Club calculates how “late” a loan is.

    A lot of “Late 30-120 days” loans are making regular payments.

    Get a few pennies behind on a late fee or something 12 months ago? Lending Club will tell you their “Last Payment” was 12 months ago. It’s insane.

    For example, this one says “Last Payment (7/19/10)… Payments to Date (6)”

    Then check out the Payment History.


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