What is the Lendy current default rate? July 26, 2017 08:18 Updated Follow Lendy's current default rate is 6.7%, which is in line with the P2P sector average. For more information please see here. Related articles What happens to my investment if Lendy goes out of business? If a loan does go into default, how long will it take me to get my money back? Where can I find a copy of your default loan policy? What action do you take upon default? When do you consider a loan to have ‘defaulted’?