Category Archives: Lending Club Complaints

100 times and a Million Dollars in Loans!

Lending Club launched on Twitter more or less 100 days ago and contains simply surpassed the $1 million buck loan mark.

Lending Club Statistics
Twitter launch might 24, 2007
First loan closed June 6, 2007
Passed $1,000,000 in loan origination September 11, 2007
Loans released 172 for $1,046,000 loan that is current 37 for $399,650
refused candidates 804
Verified lenders 683

Whilst the very very first economic solution to ever introduce on a myspace and facebook, and another of a number of Day 1 Facebook applications, our company is happy to observe that Facebook has significantly more than doubled its active individual base to 40 million and that there are actually 4,000 Facebook applications. We examined in with Facebook on our progress and tend to be appreciative of these continued support:

    “Facebook Platform had been built to allow business that is innovative for many application designers. We’re very happy to see Lending Club, one of several very first Facebook applications, leveraging the social graph to create an effective company around Facebook system.”
    Dave Morin, Senior System Manager for Facebook

With this recession, we now have gotten a questions that are few the credit quality of our borrowers. Continue reading

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