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I borrowed about $5,000 paid it back in less than six months. They email me all the time to borrow more. A year later, my credit is actually better (705) and they deny me after waiting for two weeks!!! Ridiculous and now I am in a spot where I needed the money like a...
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1.0
I liked
  • Concept of peer to peer lending
I didn't like
  • Misrepresentation of what they offered
#1074275
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My wife got a loan with lending club and payed it off in less then a year. Since then, her credit has risen and missed no payments on anything. The confusing part is she cant get another loan. BS.... Figure your S**t out. And also, quit sending preapprovals to people...
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#1073066
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Lending Club - Abysmal 'Investment'
Lending Club - Abysmal 'Investment'
I decided to give a small amount of money the opportunity with Lending Club. They recommend 100 notes, all I have to say is I'm glad I did not do that! Seriously, whether only a few notes or not (I had 16 as you can see), I would not expect a -19% return, a bank does...
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#1070264
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Lending Club - Scam

Lending Club
#1068181
1.0
Got a letter in the mail that i was pre-approved for a personel loan , up to 20,000, i applied and got approved for 6,100 . After submitting the required documents they then said i was denied, SCAMMERS
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Lending Club - They want i tune cards before i get my loan money

Lending Club
#1067871
Why are they wanting i tune money from me before i get my loan money
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Lending Club - I need a personal loan

Lending Club
#1065858
I need to pay some bills
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Lending Club - Horrible customer service

Lending Club
#1057128
1.0
Confusing process, customer service reps provide NO assistance just robot like answer " loan process usually takes one week" ... emailed company, NEVER RESPONDED TO ME EMAIL. Was told " WE ARE BUSY AND WILL GET TO YOUR LOAN WHEN WE GET TO IT"
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First I was told that I was approved for a loan. Then they said becuase of my credit I had to borrow less and repay right away and then I would be guaranteed $5K. They put in $930 had me buy $200 in Itunes cards and said were pulling back the remaing $730 but i would...
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Anonymous
Scam

This is not the real Lending Club. This is a scammer pretending to be them. It is illegal for a financial institution to ask for payment up front for a loan. There is no loan ...

Anonymous
Anonymous

Have same problem. Please let me know what I can do to help. JamesHagburg@gmail.com

#1069498
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I was led to believe that the returns would be 6% or better. When you start out it looks like you're doing great, but as time goes by, the charge-offs pile up and soon you're down to very little, if any, gain. I started with $10k, then added another $3k because it...
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LendingClub
LendingClub

Hi, we're sorry you're unhappy with your experience. Unwelcome as they are, defaults happen in consumer credit. Thats why it's important to diversify your portfolio across hun...

#1067229
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I applied for a loan. I was approved. Subsequently I was sent an email asking me to "confirm" my email address. OK. Fine. Then an email to confirm information I had told them prior. A bit annoying and unnecessary. Then a request for my W2 and 1099 forms. OK, a tad...
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LendingClub
LendingClub

Hi, We apologize for any confusion caused by the ways in which our process, which we designed to be less work, is different from traditional banks. One of Lending Clubs core v...

1.0
I didn't like
  • Corporation violated federal law
  • Approved and led along for a month before being declined
  • Provided all requested documents and was declined anyway
#1066956
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Lending club is a total scam. I am beginning to think this is one huge ponzi scheme. I have invested in more than 80 loan with lending club. My criteria was credit scores over 700, job history of at least two years, minimal derogatory marks on their credit report,...
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LendingClub
LendingClub

Hi, Unwelcome as they are, defaults happen in consumer credit. Thats why it's important to diversify your portfolio across hundreds or thousands of borrowers so that the impac...

Anonymous
Anonymous

Not a ponzi scheme -- look up the definition. Maybe your criteria are too high. Reconsider those or pull your money out. Might not be for you.

1.6
I liked
  • It was very easy to load in my money
I didn't like
  • How i saw my money disappearing due to charged off loans
#1064869
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Invested 15,000 18 months ago. All of their data pointed to a return of 7-9%. I am now at 2%. That is less than inflation. More people defaulting and charging off early than advertised. The CEOs and company are getting rich off of your money, and rewarding you with...
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LendingClub
LendingClub

Hi,Unwelcome as they are, defaults happen in consumer credit. Thats why it's important to diversify your portfolio across hundreds or thousands of borrowers so that the impact...

Anonymous
Jerry

Yep.... total smoke and mirrors. I too invested $10k based upon. Projected return of 6-8%. I am 1 year 8 months in and my account is worth $10,396....(let's call it a hair ove...

#1060621
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730 credit score no debt income 50000 had to jump they hoops sent same documents over and over reps confirmed each time they did receive documents then they wanted to ask me questions about my loan application instead of calling the phone number listed on my...
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LendingClub
LendingClub

Hi, Thanks for your feedback. We'd love to chat with you to understand your specific situation. Often what happens in these situations is that, as part of attracting investors...

1.0
#1053009
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Lending Club - Slow confusing process with absolutely no communication
I am currently around two weeks since our application. We decided to give Lending Club a try, pre-qualified for a loan, submitted all requested documentation immediately upon request. After a full week of zero communication and only a confusing "account screen" to...
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LendingClub
LendingClub

Hi, we're sorry to hear that you had this experience. We want to connect but don't have a way to reach you. Could you please call our Member Support line at888-596-3157or send...

Anonymous
Anonymous 2

That's crazy and could be very frustrating. Did you ever receive the loan?

#1052572
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