Unemployed. You will never be paid back.
Guess that's why the loan request is on a scam site instead of here.
Please note that the default rate on our platform is about 7.9% (including late loans):
We've managed to bring down the default rate by over 50% in the last 2 months, from 16.97% to 7.9% (at the expense of some volume). The statistics also account for the term and the payment frequency: the average loan term is 30 days, the maximum payment frequency is 30 days, we count the late loans as default, so 100% of the loans have reached their due date within 30 days. We are extremely transparent about our statistics, you can take a look at the default rates per loan grade directly on our stats page:
https://bitlendingclub.com/statsAs always, one of the safest ways to lend is by taking 100% collateral. Given that it isn't always possible, we are always working hard to ensure that loan defaults are minimized through a number of preemptive measures.
