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verified income...?

Started by Peter, September 18, 2013, 11:00:00 PM

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lender_john


https://www.lendingclub.com/foliofn/loanDetail.action?loan_id=4376230" class="bbc_link" target="_blank">https://www.lendingclub.com/foliofn/loanDetail.action?loan_id=4376230

So I wouldn't buy this for a number of reasons, but I also have some trouble believing the income..

I mean 400k a year for someone at a car dealership...

Now it might be possible that they had a particularly outstanding month, and submitted the totals for that month.
Then the DTI doesn't make sense, at least as far as I can tell.


TravelingPennies


Thats the other part that doesn't add up.

If they make 33k/month and spend 11k/month.. isn't there quite a bit of difference there.

Sure, they might pay 10k in taxes, but still.


PennySaved

I was looking at some note last night where the income was over $760,000 per MONTH.  I think they worked at the LA public library.  Must have been a typo. But it was already 69% funded when I was looking at it.  I passed on it.

NEW LOANS:   | 338.eth 0.000 Ξ | ludicolo.eth 0.200 Ξ | ludicolo.eth 0.200 Ξ | ALL