I have a 719 credit score. I have $38000 in my savings.
Almost $3000 in my checking. No late payments on anything. I applied for a $4000 personal loan 10 days ago. I was fully funded and submitted all paperwork within 15 minutes.
I have been in final review this whole time. I have talked to someone twice and have been asked to submit the same documents 4 times. I still have no decision. I was also given a 23% interest rate if I do get approved.
That is higher than my credit card. This was supposed to be a good company to get a loan through and was supposed to be quick. This experience has been horrible and as of right now would not reccomend Lending Club to anyone.
With my credentials it should not take two weeks to get a loan and I should not have such a high interest rate. If I dont have the loan by tomorrow I am withdrawing my application and going with Prosper they have far better rates and better reviews.
Reason of review: Order processing issue.
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Hi, sorry to hear that you found the verification process to be longer than you'd like, but it's a very important part of our process. You can check the status of your application at any time by logging into your account and checking the account summary page. If you have any additional questions, please email support@lendingclub.com.