2.6
  • Smooth process2 votes
  • Very easy process2 votes
  • Concept of p2p2 votes
  • Five percent origination fee3 votes
  • Ridiculous paperwork required2 votes
  • Useless service2 votes
Is this your company?
Please check our
business solutions
Submit review about this company 

  • 1 day ago
  • Banks
  • Central Islip, New York
  • Loan Pay Off
  • 258
  • REVIEW RATING 4/5

Horrible customer services! I started to make extra payments to payoff loan early they did not said anything, I paid 75% off my initial debt early; however I lost my job and asked them to reduce my initial minimum payment to the minimum payment of the actual balance I owe them, they wouldn't changed it, they kept reminding me the "contract" I signed. Sometimes the solution is worst than the... Read more

Was this review helpful? 0 0

  • Apr 23
  • Loans and Mortgages
  • Bay City, Michigan
  • Loan
  • 2
  • 2
  • 937
  • REVIEW RATING 5/5

I was applying for a loan , they put money in my account 3 times and ask that each time i went to walmart did a money gram person to person and send the money back . as they needed to raise my credit score 3 points each time . then the loan amount would be deposited .after waiting hours nothing so i called back they said i need to pay 198.00 moneygram , then the money would be released , so like... Read more

Was this review helpful? 0 0

  • Apr 23
  • Loans and Mortgages
  • San Mateo, California
  • Lender Matching Service
  • 916
  • REVIEW RATING 5/5

Applied online using a "lender matching service". Calls start, stating "Your loan has been approved up to $10,000. To avail, please call 415-742-8232." I take a chance, and call. Because I have heard of an actual, Legitimate company named Lending Club. This Unscrupulous individual is using the same name as a real business. The man who answers has a foreign accent. He tries to give me a song and... Read more

Was this review helpful? 0 0

  • Apr 22
  • Loans and Mortgages
  • Madison, Wisconsin
  • Debt Consolidation
  • 1
  • 1
  • 1427
  • REVIEW RATING 5/5

As a member of Credit Karma, I've been sent several 'offers' from Prosper and then Lending Club. Both times I was turned down for a loan so that I could consolidate my high-interest credit cards. Yes, I have a low score, but why? There have been NO changes in my credit history this past year and I am current on my accounts- never late, but ever since joining Credit Karma, my score has absolutely... Read more

Was this review helpful? 1 1

  • Mar 27
  • Loans and Mortgages
  • Debt Consolidation Loan
  • 2
  • 2
  • 6928
  • REVIEW RATING 5/5

I applied for a debt consolidation loan back in February after receiving a pre-qualified offer in the mail. It came under my former name, so once I applied I quickly sent documents in to have my name updated prior to the verification process so that there would be no snags. I also uploaded the necessary documents right away to further expedite my loan process. Since I did most of my initial... Read more

Was this review helpful? 12 4

  • Mar 18
  • Loans and Mortgages
  • Mansfield, Massachusetts
  • Loan
  • 6326
  • REVIEW RATING 5/5

Hope these various reviews of the Lending Club are helpful to some people. You get more info here than Lending Club gives out voluntarily. You need to be very careful with where you choose to take a loan, sometimes it ends up being much worse than a traditional bank. Always read the fine print. Always. No such thing as easy money. Do note the "origination fee." ... Read more

Was this review helpful? 2 1

  • Mar 16
  • Loans and Mortgages
  • Boca Raton, Florida
  • Positive Experience
  • 1
  • 1
  • 7656
  • REVIEW RATING 5/5

I looked through this site before I applied for my Lending Club loan, I was baffled when I got to my application and saw the 'Truth in Lending' Disclosure. All fees are completely laid out in front of you! So many people here have complained about them STEALING 5% for the origination fee... it's right there! It's not hidden at all! It tells you if your loan is 100% funded what the actual... Read more

Was this review helpful? 11 3

  • Mar 10
  • Loans and Mortgages
  • Las Vegas, Nevada
  • Loan Origination Fee
  • 2
  • 2
  • 7050
  • REVIEW RATING 5/5

Lending Club is a Rip Off. They Claim Low interest rates that are Lies and they Charge / Take 5% of your original loan amount and call it a Loan Origination Fee. Good companies do not have Poor business practices like this. Don't be fooled people. If you had average credit and need a loan go to Avant Credit and the Full amount of the loan you are approved for will be deposited into your account... Read more

Was this review helpful? 9 10

  • Mar 10
  • Loans and Mortgages
  • Las Vegas, Nevada
  • Interest Rate
  • 1
  • 1
  • 6225
  • REVIEW RATING 5/5

Beware Lending Club Steals 5% and Calls it a Loan Origination Fee. This is So Unethethical and how they have 4 Stars is Beyond me. The 2.6 Rating on this Site is completely Accurate. My credit was in Low 700's and I still paid 25%. They also charge Daily compounded interest. This high daily interest rate should be how they make their money NOT by STEALING 5% from Good hard working people and... Read more

Was this review helpful? 9 3

  • Feb 26
  • Financial Scams and Schemes
  • Tucson, Arizona
  • P2P Lending
  • 2
  • 2
  • 8637
  • REVIEW RATING 5/5

I have become aware that LC is targeting existing borrowers to refinance their loans, sometimes within a few months. Apparently they get a new origination fee from the borrower, nice for them and sucky for the borrower, but they also rip off the lenders. We pay 1% of whatever LC receives as a management fee. This is reasonable if the note is going to run for a while and we can cover the fee... Read more

Was this review helpful? 10 5

Had an experience with Lending Club?

Write a review
Did not find what you were looking for?
 
×
You are reading about Lending Club.
Filing a new complaint about
×