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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