| Summary: | 碩士 === 國立臺中科技大學 === 流通管理系碩士班 === 105 === This paper reexamines the determinants of credit risks by investigating Lending Club, which is the largest online P2P lending platform in the world. Comparing with prior studies use static applied FICO credit score and examine whether borrowers default or not. This study focuses on the impact of the change in FICO credit score, borrow term on whether borrowers is delinquent or not, the degree and the speed of delinquency. Those results reveal that borrowers facing FICO downgrade do increase significantly the probability and the degree of delinquency. But only for borrowers with higher risk and incur a FICO downgrades, the change in FICO accelerate the occurrence of delinquency. In addition, the term of borrow also provide an additional explanation, there is a significantly positive impact on the probability and the degree of delinquency.
Keywords：Online P2P lending, Lending Club, Credit risk, FICO
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