Introduction
The data presented in this project is from the Lendingclub.com (n.d). The data in the website is a wide representation of information concerning loan data collected from members from 2007 to 2012. The period in which this data was collected is synonymous with the financial crisis in the global market. The impact of the financial crisis was far reaching. It affected the lending rates and the approval criteria for loans. Previously, the fiscal policy involved in lending loans by financial institutions cushioned the borrowers. This is because the loans fetched low interest rates and were consequently easy to repay. After ...