After borrowers miss a loan payment, their loan will move from “current” to “late” status. When borrowers miss several payments, the loan will enter “default” status and, when there is no longer a reasonable expectation of further borrower payments, the loan will be “Charged-off.” Learn more about what happens when a loan is charged off.

LendingClub provides an expected charge off rate for every order of Notes.^*Expected charge off rates are based on historical data, expected loan performance, macroeconomic conditions, and other factors. You can see the expected charge off rate for a set of Notes before you place an order or on the Automated Investing criteria page before you save your investment criteria.

Expected charge off rates may change periodically and are provided as an informational tool only, primarily to remind investors that it is inevitable that certain loans will charge off and result in a loss of some or all of the funds invested. Keep in mind that each portfolio is unique and the performance of your portfolio may vary.  Past performance is no guarantee of future results and any information provided, including charge off rates, is not intended to be investment advice, guidance, or a guarantee of the performance of any Note.

* Visit the Statistics page to learn more about historical performance and charge off rates on the LendingClub platform. Learn more about how often we update expected charge off rates.