When I tried to apply for a debt consolidation loan, Lending Club application did not include my husbands income or information. Their credit scoring said that Excellent credit score is 720. Mine is 742, and they still turned me down stating it was my credit score. How do people like myself get ahead when institutes like this disregard important loan information.

I have money market account, and can even invest some of it. But they did not ask me that. It turned me down so fast that the whole process took less than 5 minutes. This is not fair treatment. 12852d7



  Comments (3)
1. Written by jumom on May 11, 2012 from bronxville, new york, US
I applied for a debt consolidation loan, everything was going fine and I was getting funding. Then almost a week after applying they tell me that because I am employed by an employment agency that I cannot get the loan anymore. So the guy says they have to cancel the application I said ok. I get an email saying that they can no longer offer me a loan because I have (and I quote) "Excessive number of recent credit inquiries. Proportion of balances to credit limits is too high on bank revolving or other revolving accounts, Time since most recent account opening is too short, Too many accounts with balances, Length of time accounts have been established.The foregoing are the factors provide by the reporting agency that resulted in your credit score being below our minimum credit score requirement." :? WHATTTT?!?!? How is it too resent since my last opened account when I haven't opened anything for at least 3 years? how is the length of accounts established to short when I have a 8 year credit history, and my youngest account is at least 3 years old? AND MOST IMPORTANT... WHY am I getting an email saying im turned down for these reasons 2 seconds after I got off the phone with a rep that said I was being turn down for my employment?!?! :eek STOP LYING TO PEOPLE!!!!!
2. Written by Jen on December 15, 2011 from yakima, washington, US
My credit score is in the high 600's. I was fully funded in 1 day. I just got off the phone with the credit department, and the loan should be in my account in 2 or 3 business days. It was just that easy.
3. Written by wellover29 on April 16, 2011 from new york, new york, US
why did you need the loan?

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