Product: Lending Club Investment Service Clear all filters (0 of 6 reviews match)
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I invested in lending club with $5000 approximately 2 years ago. My default rate is now nearing 20%. This is in direct contradiction to their advertised default rate. I believe it borders on a scam. They make money whether they write good loans or bad, so there is a...
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Anonymous
Anonymous

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

1.9
Product
Lending Club Investment Service
I liked
  • Concept of p2p
I didn't like
  • Deceptive offer
#1094781
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I have been investing with Lending Club for the past couple of years and in the beginning it was all working fine. Then the defaults and charge offs began. I don't believe lenders are screened closely enough before they are granted the loan. I started with 100 loans...
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richben59
richben59

Unfortunately, I have to disagree with you on them not screening applicants close enough. Maybe not the ones without a proven track record, but I had a loan through Lending Cl...

LendingClub
LendingClub

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

Product
Lending Club Investment Service
#1077353
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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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LendingClub
LendingClub

Hi, we're really sorry you're unhappy with your experience. Please call us at 888-596-3159. We're available 7:00am–5:00pm PST, M–F.

Product
Lending Club Investment Service
#1070264
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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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richben59
richben59

Unfortunately, I have to disagree with you regarding them lending money to anyone with a pulse. I had a loan through Lending Club that paid in full between 2013 & 2016, with E...

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...

Product
Lending Club Investment Service
#1067229
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Lending Club - Investment Service Review from Philadelphia, Pennsylvania
Lending Club - Investment Service Review from Philadelphia, Pennsylvania
Lending Club - HORRIBLE Investment Do not believe the bull *** LC posts on its site about 99.8% of investors getting a positive return. It's all a big F'n scam I invested $3K about a year ago. 15% of loans have or are headed to default. I'm at a -3.77% return on this...
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aleksey
aleksey

Based on the screenshot I can see a few mistakes. First Lending Club is an investment broker service. That means that as an investor you can take losses on the money you put i...

Anonymous
Anonymous

It's not a scam. It's an investment. Not a sure thing. If it was, everyone would be doing it. Did you perform due diligence? A blind man can look at the LC chart and spot...

1.0
Product
Lending Club Investment Service
I didn't like
  • Any of it
  • Blatently dishonest claimed returns
#892331
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Lending Club - Investment Service Review from Atlanta, Georgia
Scam artists. They write there own fake reviews. You will loose your *** with these *** artists. Then the little money you have left they will fine the *** out of you to get it back. They took money out of my account on top of all this after I requested they deposit...
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Anonymous
Jenn

You do realize there are NO guarantees when investing... right? There can be projections based on past performance.. but no one can foresee the future. In the past few years ...

Anonymous
the guy

dude, you barely have any of your money invested. you have 406 in available cash and only 63 bucks in notes...if one of the ONLY THREE notes you invested in is late LC will a...

Product
Lending Club Investment Service
#547102
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