Cycle-tested Leader with Massive Opportunity
Charge-off Rate
Significant Data Advantage Enables
More Offers at Lower Prices
Our models are informed by more than 148B cells
of proprietary data and 2,000+ attributes from 74M
repayment events on over 3.6M loans since 2015.
That data advantage results in a 20X lift over traditional
credit scoring in predicting borrower charge-off risk*
and results in our industry-leading <5bps fraud loss rate.
Able to say yes to
more borrowers
and offer them
better pricing
Traditional Credit Score
Able to better
protect investor
returns
LendingClub's Custom
Scoring System
"Consumers pay smaller
interest rate spreads on
loans from LendingClub
than from traditional
lending channels,
indicating that fintech
lending can provide
credit to consumers at
a lower cost."
Researchers at the
Federal Reserve of Philadelphia
Lower Risk
Higher Risk
LendingClub
Note: Comparing the difference in charge-off rate for a pre-COVID Prime vintage segmented by traditional credit scores and LendingCub's current scoring framework.
9View entire presentation