What Reviews Are There for the Lending Club
Reviews: LendingClub
Overall lender rating
from Credit Karma members
Well-nigh helpful positive review
I am across impressed!
Credit Karma member
I rarely write reviews but I really feel like I will be doing many people who are "in my shoes" a disservice if I don't. I accept only been on Credit Karma for a few weeks simply I have been helped a lot by various reviews of credit services. I was looking for a loan to pay downwards my credit cards and raise my credit score (plus have a single payment at lower interest rate) prior to shopping for a car. Whenever I came across a lender, I would log on to Credit Karma to find reviews or comments made by members near them, and then later being prequalified by Lending Club I did the same matter and found a cracking deal of negative reviews. To say the least I was discouraged near to the betoken of not taking the loan merely then I decided since they were non probable to do a difficult pull (learned that also thanks to this forum), I don't take much to lose, I might as well endeavour. I am glad I fabricated that conclusion. My loan asking was for 4000, I got an interest rate of 10.99 and an APR of 13.84% (36-month term, score 680 according to LC). My loan got fully funded in nearly thirty hours, and it was so much fun watching that process. The virtually impressive part of the deal is that verification of my email and bank account were the only requirements and those happened within 24 hours. Soon later the loan was fully funded, loan status changed to "canonical" and a few minutes after that to "issued". I received an email from Lending Club informing me that the money had been electronically transferred to my account and that was information technology! No telephone calls to or from Lending Lodge, no faxes, no paperwork. Full time from application to issuing of the loan was only 36 hours and information technology was and so effortless! Probably some of those who wrote negative reviews might have had 18-carat reasons to practice then but my experience makes me conclude things may have changed for the better or borrower related factors may exist partly responsible for at to the lowest degree some of the negative cases (like false information on application, etc), or both.
About helpful negative review
24% interest on 670 credit score
Credit Karma member
Thank goodness I but paid off my loan with them and let me tell you lot, this was a bad deal to even get a loan. I had a credit score of 670 and practical for and was canonical for a $12,600 loan through lending guild. I wanted to consolidate my credit card dept and lower my monthly payments. Large Fault. When I clicked to get this loan it say APR of 5.6% I thought that is what I got. NOPE information technology was $12,600 at 24.49% interest rate and a 29.19% Apr for 36 months. This was higher than my credit card payments. I didn't run into that small print until after I already paid the credit carte du jour companies with this loan. My payments to Lending Club were $495 a month only $240 went to principal. So, in that first month, I immediately tried to call up of a manner out of this fiasco and then I went to my Captial Ane Credit carte du jour and asked them about a interest gratuitous flow and they increased my credit limit to xi,400 with 0% interest for xviii months. Well I owed Capital letter one money so I didn't accept that total amount available, but I did transfer $ten,997.59 to Lending Lodge and they put $10,755.47 toward chief and $242.12 toward interest. If you lot make additional payments, like I did you still owe for the next month you lot cannot skip a month. This left me with a $ane,108.37 principal residuum. Well I wanted to get rid of this rip off visitor and finally get my finaces under control. So I got a habitation equity line of credit through Neiborhs Credit Marriage (I SHOULD HAVE DONE THIS Showtime). I went to Lending Society and got the corporeality of my payoff, well the payoff appointment was supose to exist good through the 13th of Apr but nope it wasn't, I sent them what I "thought" was the payoff co-ordinate to them online, only nope I withal owed another $57.00 I called Lending Club and they told me, in order to get a "accurage" pay off you accept to call them. So finally equally of today April sixth, 2017. I am no longer a slave to Lending Club and their out ragous interest charge per unit. If you need a loan, and yous accept a 660 score or higher go to a credit wedlock or even a banking concern. Neighbors Credit Union gave me $xv,000 credit line with v% and its a 15 year loan which means, the $98 I am paying Neighbors tin can exist paid off in the same time frame as Lending Social club and it would be less interest and less money over all but..I can also have out from the line of credit if I demand to, rather than putting it dorsum on my credit cards.
Member ratings
All member reviews (6251)
4972
597
118
112
452
Great
Credit Karma member
I didn't have no issues piece of cake unproblematic and fast
Quick and Easy
Credit Karma fellow member
Amazing payback rates and I salve a lot of money by not paying high credit card involvement rates!
Wonderful
Credit Karma fellow member
Outstanding job,this right my me, thanks you
Best decision I e'er made
Credit Karma member
I never believe that I can borrow the amount of money that I asked for it was just crazy that I did get canonical and within days the money was in my banking concern all I accept to say is thank you so much because of y'all I am out of debt
Amazing beloved it!!
Credit Karma fellow member
Very astonishing and satisfied with lending club was able to help me out with my credit cards and consolidate everything.
Expert option if your in a tight spot
Credit Karma member
Loan took an awfully long time for blessing (about a calendar month, most places take under an hour) and the APR is pretty loftier
Excellent
Credit Karma member
I apply for a loan and within a week i had my coin. Never been dealt with such urgency before. I'thousand so satisfied with the accommodations.
Piece of cake. Quick. Funded promptly.
Credit Karma member
Piece of cake process. Quick response. Prompt funding. Fantabulous rate. I couldn't be more than pleased.
Very happy
Credit Karma fellow member
Quick awarding, quick funding.
Information technology was pleasant. I never had to talk to anyone!
Credit Karma member
So far, it was very like shooting fish in a barrel to do and to receive. I needed to pay off credit cards, and Lending Lodge helped me do that.
These ratings and reviews are provided by our users. Banks, issuers and credit carte companies do not endorse or guarantee this content, are not responsible for information technology, and may non even be enlightened of information technology.
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Source: https://www.creditkarma.com/reviews/personal-loan/single/id/lending-club-personal-loans
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