Anonymous ID: 827550 Aug. 6, 2020, 2:23 p.m. No.10203307   🗄️.is 🔗kun

Economy report:

 

LendingClub is an investment thingie where they loan money to people on-line. As the investor, you choose what credit-rating to let take your money - the higher the risk (guy not paying back his loan), the greater the interest rate (more money you, as the investor, make).

 

Anyway, they sent out this report:

 

  • Borrower performance remains strong, with approximately 95% of borrowers not actively enrolled in hardship plans as of July 31, 2020.

 

  • Repayment rates in the second quarter of 2020 also returned to pre-COVID-19 levels and roll rates—the percentage of borrowers who progress into later delinquency stages—have remained relatively low.