This week's pick has no clear front runner, here they are in no particular order:
Worth Considering: "COnsolidate and Breathe"
The borrower on this note is a school principal and, in my experience, this is a position that basically never gets fired, they cut teachers first. This job stability means that there is a good chance the borrower will have a steady stream of income to pay the loan off with. The credit profile tells me this borrower has a tendency to get into debt and even missed a payment about 5 years ago but because of the job they manage to stay afloat so I think it's worth a shot, I recommend you invest whatever your normal base amount is.
$22,000@20.86%
Approved/Unverified
Most Worth Considering: "my dream wedding"
I like this note because, for some reason, weddings have a low default rate on lending club, although I haven't had time to run crosstabs and see if this holds true with isolated for credit grade within this group. The borrower has a short credit history but a good one with a comparatively high score. If I were forced to pick a best note this week it would probably be this one. The amount on the loan is also pretty small compared to what we're used to in this high-interest category, this means the payment is more manageable so I think it is very likely that this will stay current. I invested triple my base of $25, so $75.
$5,000@17.39%
Under Review/Unverified
Worth Considering: "Credit Card payoff and deck addition."
No records or delinquencies, 16 year history, and low inquiries are all positives, the only negative is the high credit usage but this is just the lender's fault for not getting more credit available because the revolving debt isn't that large compared to what we usually see here.
$18,000@17.39%
Approved/Unverified
