Developed in part with a grant from
the National Science Foundation
Review of LendingClub

LendingClub reviews

Is this your business?
6 reviews
71 Stevenson St #300
SF, CA 94105, US
Tel: (888) 596-3157
support@lendingclub.com

6 Reviews From Our Community

Service
0
Value
0
Shipping
0
Returns
0
Quality
0

All Reviews

mem108
2 reviews
2 helpful votes
10/4/18

Ive had a couple loans with Lending Club. the application process was quick and easy and i got a better rate than a local bank

garyh395
2 reviews
0 helpful votes
9/11/18

Have had several loans from LendingClub and great experiences with each one! Friendly, prompt, and easy with low interest rates enabled us to complete our financial plans successfully.

elleryw
6 reviews
25 helpful votes
12/31/14

Lending Club is a better and more efficient way to reduce your debt. For example, say an individual has borrowed a $50,000 credit line and is paying 15% interest each month. Lending Club will lend the borrower $0 - $50,000 to honor the original debtor and instead, sign the borrower on a more affordable interest rate than 15%. The interest rate under Lending Club, on $50,000 loan, could be 10% less than banks and private lenders require.

Borrowers should be aware that Lending Club will pull your credit file from one of the 3 major credit bureaus. This helps them to determine your identity and credit worthiness.

Borrowers should be aware that Lending Club is qualified to use best debt collecting practices on default loans.

Borrowers should be aware that any default will lead to a negative credit rating and monthly reporting.

steveng26
1 review
3 helpful votes
10/20/13

The lending club is supposedly the future of banking. I read about the lending club on Forbes and they made it seem as it was potentially going to take over the banking industry. The problem is that you still have to qualify for a loan and they seem to be ever harder to find a loan from than a bank. The rates are lower though by a few points, which adds up. Once you have one loan, it is harder to get a second loan so the problem with going with the lending club is that you have to make sure you can actually qualify for enough of a loan or you may be better off having more access to future funds through a bank.

johnathanr6
3 reviews
7 helpful votes
5/19/13

I wasn't able to find a Lending Club loan that I qualified for.

miket47
6 reviews
14 helpful votes
5/3/13

Lending Club is a great way to get a loan that is cheaper than other places and it's also a great way to make more money on an investment than you might otherwise. Is Lending Club the future of finance? Maybe...will have to see what long-term default rates are and if fraud is a problem.

Customer Questions & Answers

Questions? Get answers from the LendingClub staff and other customers.
Note: this is not for reviews - click here to write a review
Get notified about new answers to your questions.
Posting guidelines
Typical questions asked:
  • How long does shipping take?
  • What is the return policy?
  • Where is the company located?

Did You Find This Page Useful?

Sites You Might Also Like

Business owners: What’s your side of the story?

Register now for free – get notified of new reviews, respond to consumer feedback, add new photos to your page and much more.

Manage your business
×
Have a question about
LendingClub?
Post Review