LendStats.com offers an unbiased statistical analysis of P2P loans made by Prosper and LendingClub. The lessons that can be learned at lendStats.com are invaluable to any lender. Here are a three examples of the many criteria that are analyzed at lendStats.com. All data in the following charts are based on analyses of LendingClub data.
1. Credit Grade |
This chart shows a decline in returns as the credit grade decreases with A loans yielding over 5% returns and F & G grade loans yielding negative returns. The returns calculated by LendStats.com aren’t as high as the returns advertised by LendingClub. However, LendingClub’s returns are still good and the potential for better returns is great, especially if you learn the lessons that LendStats.com has to offer. |
2. Inquiries in the last 6 months |
My jaw dropped when I first saw this data a year ago. As you can see, the higher the inquiries, the lower the returns. The correlation is amazing. In my opinion this is the single most important criteria to consider when making a loan. |
3.Loan Type |
This chart shows how loan type affects returns. Only educational and business loans yield significantly negative returns. Credit card and debt consolidation loans yield the best returns. Vacation, house, and renewable energy loans were omitted from this chart because of low sample size, however, their analyses can still be found at LendStats.com. |
Credit grade, inquiries in the last 6 months, and loan type are just three of the many criteria analyzed at LendStats.com. You can also find suggested loan filters and corresponding listings that match the filter.
On the Prosper side of LendStats.com all of the same analysis can be found. Also, a searchable prosper lender performance database can be found on the homepage.
Check back soon for the latest LendStats.com updates and the latest P2P lending statistics.
Thanks Ken!