Lending Club

[d170]

I'm starting to get ansy and am thinking about calling but feel like they'll just flat out deny me. It shows approved on the website and I was fully funded rather quickly. I guess I'll wait till Monday. 

[Revelate]

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@Involver wrote:

 LC won't even touch me at 760+ because of recent INQs.

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I sort of wondered about that: I lend on LC (though 3/4 of the notes I made offers on didn't get underwritten this last time, sigh, so darned long to put money in the field effectively on it) but I never see anyone with high inquiry counts even with the bottom feeding I'm doing.  Kept thinking it was just population distribution compared to people on this forum, but apparently LC may think inquiries matter more than I do.

[mountainmom]

My funds showed up today.. Almost 1 week after approval.
My first payment will be drafted June 27. Now to prioritize payoffs!

[Involver]

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@Revelate wrote:

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@Involver wrote:

 LC won't even touch me at 760+ because of recent INQs.

---

I sort of wondered about that: I lend on LC (though 3/4 of the notes I made offers on didn't get underwritten this last time, sigh, so darned long to put money in the field effectively on it) but I never see anyone with high inquiry counts even with the bottom feeding I'm doing.  Kept thinking it was just population distribution compared to people on this forum, but apparently LC may think inquiries matter more than I do.

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To be fair I do have a fair number of INQs on EX (6 in the last 6 months), but I have a 19 year credit history and AAoA north of 5 without a single late payment or negative remark.  You'd think I could at least get a sub-prime offer, but I get straight shut down.

[d170]

Congrats. I got my email yesterday and first payment pull is 06/29. I'm guessing funds will deposit Tuesday at the latest.

[mountainmom]

Congrats d170!