Lending Club - FICO 780, $215k a year income - denied
Much like the other reviews here, they put me through the ringer. Forms, tax returns, bank statements, W-2's, etc. One step at a time. So first fill out forms. 3 days later, ask for w-2's. 3 days later, ask for tax returns, etc.
I have a credit score of 780 (higher with the other 2 agencies), make $215k per year plus a bonus and was quoted $21,000.00 / 3 years / 6.62% - and fully funded within 48 hours of submitting initial request.
After over a week of dribbling forms to them they come back and say my bank account reserves aren't adequate for the loan. Meaning I don't have enough cash in my accounts to cover the loan.
If I had $21k in cash I wouldn't be asking for a $21k loan.
This appears to be a secured lending outfit. So unless you don't actually need a loan it's probably a total waste of your time to try to get one from here.
Note the small print on application - less than 10% of loans are approved. I assume this means they only loan money to people who already have the cash to cover a default or who don't really need a loan.
Anyway - total waste of time....
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Review #424255 is a subjective opinion of a user.