Behind the Investment Platform: The LendingClub Borrower

Published on: 12/18/2017. Revised on: 12/19/2017.

Fall 2017 is the second installment of our seasonal Marketplace Insights series. The series is designed to share periodic insights directly with our audience regarding how LendingClub’s marketplace works and performs. In this issue, we focus on the borrower characteristics of those receiving loans through the LendingClub platform and how investors may leverage that information to make decisions that fit within their objectives.

From 2007 through 2017, LendingClub has matched $31 billion investor dollars with 2 million borrowers’ loans. Investors frequently want to know who the borrowers are and why they’re looking for credit. Are borrowers distressed and looking for relief, or on the path to financial prosperity? What needs are they solving for?

Borrowers use funds for diverse reasons

Marketplace Insights Borrowers

See below for highlights or read the full LendingClub Marketplace Insights piece here.

Highlights:

  • LendingClub provides creditworthy borrowers access to affordable credit. On average personal loan borrower s on the LendingClub platform have a healthy credit score, a long credit history, and an annual income above the national median.
  • Through LendingClub, borrowers can access the credit they deserve and use credit responsibly to achieve their goals.
  • Because LendingClub collects exhaustive data on borrowers, it can offer investors the ability to design an investment strategy to fit their needs.

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