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Table 2 Loan status by each year

From: Fintech platforms: Lax or careful borrowers’ screening?

  Number of loans by Status
Charged off Current Default Fully paid In grace period Late (16–30) Late (31–120)
2007 38    175    
2008 124    689    
2009 406    2882    
2010 1131    7092    
2011 2351    12,826    
2012 6,254    32,025    
2013 14,895    79,938    
2014 28,471 2685   128,360 48 23 110
2015 55,321   3 217,810    
2016 44,662 41,497 2 172,906 681 294 1804
2017 39,797 128,248 98 131,319 2169 867 4025
2018 19,813 159,716 152 64,961 2581 825 4093
Total 213,263 332,146 255 850,983 5479 2009 10,032
  1. This table provides summary statistics on the data set used for the empirical analysis. The data covers all loans issued from LendingClub between July 2007 and September 2018. The status of loan by each year is reported in the table. According to LendingClub, a loan becomes "Default" when borrowers miss payments for an extended period. Charged off is a loan for which is no longer a reasonable expectation of further payments, and it occurs when borrowers are 120 days or more past due