The Private Credit Crisis Is Spreading [zero hedge]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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US:NYSE Investor Relations:
ir.lendingclub.com
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Source: zero hedge
The Private Credit Crisis Is Spreading Submitted by QTR's Fringe Finance The private credit crisis is spreading to another corner of the market that I warned about back in October, when I wrote about 10 parts of the market I’d avoid. For years I’ve been warning that buy now pay later (“BNPL”) industry was built on a pretty fragile foundation. The quality of the loans was always the obvious problem. The entire business model revolves around extending instant credit with minimal underwriting to consumers making small purchases. Companies whose primary innovation is allowing consumers to split a $40 online purchase into four installment payments probably aren’t lending to the most creditworthy segment of the population. If anything, the model practically guarantees the opposite. When financial companies create products that allow consumers to finance extremely small discretionary purchases, they are effectively targeting borrowers who either don’t have the liquidity to cover those purcha
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News
- A Look At LendingClub (LC) Valuation After Recent Share Price Weakness [Yahoo! Finance]Yahoo! Finance
- Is It Time To Reconsider LendingClub (LC) After Recent Share Price Pullback? [Yahoo! Finance]Yahoo! Finance
- LendingClub (LC): 2 Reasons We Love This Stock [Yahoo! Finance]Yahoo! Finance
- Is It Time To Reassess LendingClub (LC) After Recent Share Price Pullback? [Yahoo! Finance]Yahoo! Finance
- LendingClub (LC) Valuation Check After Strong Growth In Revenue And Earnings [Yahoo! Finance]Yahoo! Finance
LC
Earnings
- 1/28/26 - Beat
LC
Sec Filings
- 3/17/26 - Form 144
- 3/9/26 - Form 4
- 3/9/26 - Form 4
- LC's page on the SEC website