Exploring Lending Club Data with Natural Language

By Pete Reilly

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Lending Club is a “peer-to-peer” lending business for personal loans. They make money by matching investors with borrowers. From a recent Forbes article:

The company assesses applicants’ risk and lets investors lend directly to individuals or spread their money across a number of loans. Charges borrowers an origination fee of 1%-5% (depending on credit risk) and creditors a service fee equal to 1% of the loan amount. Laplanche previously sold TripleHop Technologies, an enterprise software company, to Oracle in June 2005.The company raised $172 million in 2013 from investors including Google Ventures, DST and Coatue Management.

Lending Club posts its loan data on their website. The data we used was last updated through March of 2015.

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