News

Lending Club Implements Fifth-Generation Credit Model

Posted on September 11, 2017
By Raymond Krehn

Lending Club implemented a new credit model to work alongside of the FICO credit score to determine the interest rates for all new loans.

Read more...

Lending Club announces partnership with Opportunity Fund

Posted on August 1, 2017
By Raymond Krehn

Lending Club announced a partnership with Opportunity Fund, a nonprofit lending platform for small businesses.

Read more...

Lending Club releases 2017 first quarter statistics

Posted on April 1, 2017
By Raymond Krehn

Lending Club has released their statistics for the first quarter of 2017, which you may view here: https://www.lendingclub.com/info/statistics.action

Read more...

LendingClub Corporation (LC) Soars 5.28% on January 19

Posted on January 20, 2017
By Raymond Krehn

LendingClub Corporation (LC) had a good day on the market for Thursday January 19 as shares jumped 5.28% to close at $5.78.

Read more...

Funding Circle has raised another $100m from a group of well-respected institutional investors

Posted on January 13, 2017
By Raymond Krehn

The latest equity investment takes the total amount of funding raised by the business to £300m since its launch in 2010.

Read more...

2016 Algorithm Results

Posted on January 9, 2017
By Raymond Krehn

How would we rate the performance of Flux Robot? I will review each of our algorithms (low-risk, medium-risk, and high-risk) in this article to determine the performance. Then I will evaluate whether or not a change is needed for each algorithm as I do every quarter.

Read more...

Improved Account Page

Posted on January 5, 2017
By Raymond Krehn

We’ve added some new information to look at when you are visiting your Lending Club account. It will now provide you your total account balance, received interest, received principal, received late fees, outstanding principal, total notes, and your ROI. Login to your account and click on “Lending Club” to see all of this information. You … Continue reading “Improved Account Page”

Read more...

Earn United MileagePlus miles through Lending Club

Posted on November 10, 2016
By Raymond Krehn

In a surprising turn of events, Lending Club now allows you to receive one mile for every two dollars you invest through Lending Club. Investors must deposit and invest a minimum of $2,500.

Read more...

LendingClub to Offer Auto Loans

Posted on October 26, 2016
By Raymond Krehn

Online lender LendingClub Corp. said Tuesday that it was expanding into auto loans, a change in tack for a company that has spent nearly six months retrenching following the ouster of its founder and chief executive. Currently, this is only being offered to residents in California. How this affects you: The robot will not accept … Continue reading “LendingClub to Offer Auto Loans”

Read more...

Updates to Interest Rates

Posted on October 15, 2016
By Raymond Krehn

Lending Club regularly adjusts to changing market conditions, and has the ability to adapt underwriting models and dynamically increase or decrease interest rates to provide an appropriate level of loss coverage to investors.

Read more...