The Money Mustache Community

General Discussion => Welcome and General Discussion => Topic started by: jonmchan on August 16, 2013, 10:24:58 PM

Title: Interesting Lending Tree Loan
Post by: jonmchan on August 16, 2013, 10:24:58 PM

I found this interesting lending tree loan today:


https://www.lendingclub.com/browse/loanDetailFull.action?loan_id=6826688

For those that can log in, this guy reportedly makes some 225,000/yr or 18333/month and has a revolving credit balance of $222,217.00! Certainly this guy does not know how to save! Usually I would find people who make much less money on lending tree and not a higher income bracket person like this... Would you invest into his $35,000 loan? No delinquencies and no public records, but a huge credit balance that I wonder is a mistake! Thoughts appreciated!

Title: Re: Interesting Lending Tree Loan
Post by: frugalman on August 17, 2013, 06:29:08 AM

I would not invest into this loan. You're looking for normal, not outliers..