Difference between revisions of "P2pLoans"
From Wiki2
| Line 2: | Line 2: | ||
====Introduction:==== | ====Introduction:==== | ||
:The Lending Club is an online bank that claims to "cut the cost and complexities of bank lending and pass the savings on to borrowers.(how-peer-lending-works.action <cite>club</cite>). In this study we will use lending data on Loans made by Lending Club to find and quantify associations among the items that make up a borrowers profile. These data include information on 'Amount.Requested', 'Amount.Funded.By.Investors', 'Interest.Rate', 'Loan.Length', 'Loan.Purpose','Debt.To.Income.Ratio', 'State', 'Home.Ownership', 'Monthly.Income', 'FICO.Range', 'Open.CREDIT.Lines', 'Revolving.CREDIT.Balance', 'Inquiries.in.the.Last.6.Months'and 'Employment.Length' | :The Lending Club is an online bank that claims to "cut the cost and complexities of bank lending and pass the savings on to borrowers.(how-peer-lending-works.action <cite>club</cite>). In this study we will use lending data on Loans made by Lending Club to find and quantify associations among the items that make up a borrowers profile. These data include information on 'Amount.Requested', 'Amount.Funded.By.Investors', 'Interest.Rate', 'Loan.Length', 'Loan.Purpose','Debt.To.Income.Ratio', 'State', 'Home.Ownership', 'Monthly.Income', 'FICO.Range', 'Open.CREDIT.Lines', 'Revolving.CREDIT.Balance', 'Inquiries.in.the.Last.6.Months'and 'Employment.Length'. All names have been changed to numbers to protect the innocent. | ||
====Methods:==== | ====Methods:==== | ||
:Statistical analysis techniques shall be applied using the 'R' <cite>r</cite> statistical software package version 2.15.2 (2012-10-26) -- "Trick or Treat" running as a server on a Linux computer. | |||
=====Data Collection===== | =====Data Collection===== | ||
| Line 23: | Line 23: | ||
#club https://www.lendingclub.com/home.action Lending Club, Suite 300 San Francisco, CA 94105, USA | #club https://www.lendingclub.com/home.action Lending Club, Suite 300 San Francisco, CA 94105, USA | ||
#r http://www.r-project.org/ The R Project for Statistical Computing | |||
</biblio> | </biblio> | ||
Revision as of 20:39, 17 February 2013
Title: Lending Club Loan Interest: Factors Contributing Beyond FICO Score
Introduction:
- The Lending Club is an online bank that claims to "cut the cost and complexities of bank lending and pass the savings on to borrowers.(how-peer-lending-works.action club). In this study we will use lending data on Loans made by Lending Club to find and quantify associations among the items that make up a borrowers profile. These data include information on 'Amount.Requested', 'Amount.Funded.By.Investors', 'Interest.Rate', 'Loan.Length', 'Loan.Purpose','Debt.To.Income.Ratio', 'State', 'Home.Ownership', 'Monthly.Income', 'FICO.Range', 'Open.CREDIT.Lines', 'Revolving.CREDIT.Balance', 'Inquiries.in.the.Last.6.Months'and 'Employment.Length'. All names have been changed to numbers to protect the innocent.
Methods:
- Statistical analysis techniques shall be applied using the 'R' r statistical software package version 2.15.2 (2012-10-26) -- "Trick or Treat" running as a server on a Linux computer.
Data Collection
Exploratory Analysis
Statistical Modeling
Reproducibility
Results:
Conclusions:
References
<biblio force=false>
- club https://www.lendingclub.com/home.action Lending Club, Suite 300 San Francisco, CA 94105, USA
- r http://www.r-project.org/ The R Project for Statistical Computing
</biblio>
