1 comment

I just applied for a $4,000 loan and was denied based on my credit score of 650.I have nothing derogatory on my credit report for last 3 years.

3 years ago I was late on a payment. I have one collection account from over 6 years ago. Everything on my report recently has been on time and I've paid off several car loans in past 10 years. It was a waste of time to apply here...

If they weren't going to accept my application due to my credit score why didn't they decline me from the beginning when I stated what range I fell in...Now their inquiry affects my credit score and had I known of their strict criteria I wouldn't have applied or bothered...

Review about: Lending Club Loan.

Had an Experience with Lending Club?

Write a review


Terms of Service
Post Comment
Albany, New York, United States #655198

There are many other criteria ( debt and income, various ratios; length of employment, etc) and maybe no one wanted to fund the loan.

I agree that pre-approved is not pre-approved...as in all other financial market ever! you get pre-approved to apply, that's about it, then the more documented and detailed criteria come into play.

650 is a very low score to get an LC loan. Better luck next time.

You May Also Like

NACA is the BEST mortgage product in the industry by FAR! Naca "I reviewed on here last year after I closed(March 2015)... but I feel this organization is easily worth writing another review for. First I will start with the numbers of..." Read more Ditech - Mortgage Review from San Antonio, Texas Ditech "Wells Fargo ., To my knowledge has the greatest empathy for customers when in need of help .. I can definitely say Thanks to my Bosses for all the great..." Read more Sheffield Financial - SHEFFIELD'S PAYMENT SCAM?? LATE WHEN YOU'RE NOT Sheffield Financial "First let me say my credit score is over 800. I purchased my first house 2 months ago and began paying my bills through an online bill payer for convenience..." Read more Nationstar Mortgage - I have been a Nationstar client for several years, why are they asking for my SS# ? Nationstar Mortgage "I have been a Nationstar Mortgage client for several years. I went online to make my mortgage payment today, as I have done for the past few years, and they..." Read more Lasership - Horrendous Lasership "Lasership messed up one of my Sephora orders, erroneously sending it from MA where I live, to Virginia, then back to MA. I didn't get it for another week, and..." Read more Snapfish - Trauma re printing of photo book Snapfish "oh, God . It was an art project involving 12 portraits of people. I had worked with them for a year. The book , I had spent quite a long..." Read more FREIGHT SHIPMENT - FEDEX SUB-CONTRACTS Fedex "Package was sent from shipper using FEDEX... Package was shipped on 8 Sep - Package was deemed undeliverable because of damage in shipment on 26 Sep - Package was shipped..." Read more Physicians Hair Restoration Center - BEWARE LOREN COMITOR engaged in FRAUD & FALSE-ADVERTISING Physicians Hair Restoration Center "BEWARE – For reasons described below, Loren Comitor is a depraved individual with no morals or ethics and engaged in FRAUD & FALSE-ADVERTISING while working with Dr. Carlos J Puig..." Read more