LendingClub
Reviews and Complaints

Lending club is fraud.they told me that i will be given a loan after paying #44, 000 for no collecteral charges and #28, 000 for account opening at ria money and then #16, 050 for tax levy but after paying all these fees, i haven't been given my loan till date and they don't reply my messages anymore.

I've dealt with the Lending Club for years. I've applied for, and paid off four loans with them, and they've ALL been good, low interest loans that really helped me financially. I don't know why you people are always complaining. I guess you've been taken in by other companies. But Lending Club has always been good for me. So there!

If this is a true legal place of business than you should be able to tell people what the rate is and what the montly payment are on 20, 000.00 if no than this prove I a scam trying to get people account number or worse their id

Thank you for all the comments. I was going to apply online and for my better judgment, checked on this company. Thanks again everyone, I knew something is fishy here.

I was glad to read about some of the experiences others had, it helped me make a decision, thank you everyone, I will try some other things.
Gratefully, Michelle B.

I applied, was approved and for way more than I was looking for. I declined the offer because my bank offered a better rate. I entertained the idea because I love Credit Karma, and it was a recommendation. After I declined the offer, they sent a denial to me stating the biggest joke I have ever heard. 3 calls to the credit bureaus and an email later I was able to remove them from my credit report. Strongly DO NOT recommend!

Lending club is a scam I can get better interest rate from a credit card company than from lending club. I have a 720 credit report and they still turn me down. Lending Club wanted to charge me 16.75 interest rate while my credit card only charge 7.9. What a joke. I can borrow a loan for up to a year without paying a interest with only 3% transaction fee with the credit card company.

Lending club is really a joke and a scam.

All you people whining and complaining, and falsely claiming that Lending Club is a scam need to just shut up. You didn't get your loan because you didn't qualify. Period. Doesn't mean that someone else won't take a chance on you. Doesn't mean you're a bad person. It just means you don't meet the stringent requirements of Lending Club. I applied for $30K for debt consolidation. Got through the process in two days. My money showed up in my checking account without any emails, conversations, etc. I just provided the information they asked for, they checked my credit, verified my account, and that was it. The never even asked for proof of what accounts I was going to consolidate; they just took me at my word that I would use the money as I said I would.

So please stop it with the talk of a "scam". Not every avenue is right for everyone. Doesn't mean it's a scam, just that it's not right for you.

I totally agree. I got the offer in the mail and apr started at 6.78% of course depending on your credit score. I was going to use it to consolidate my credit cards to one payment. They came back with an offer of 29.75%. That is totally ridiculous ! My interest rates are currently 1/3 of that. Why would I accept this kind of offer? It is totally a hoax. Just another way to scam hard working people!

I was approved for a $10, 000 Loan, but I needed to be a returning customer. They deposited a check in my account for $998.00 and asked me to return it via Western Union. I did and guess what ? That's right. They flat out stole my $998.00 and now I am about to lose it all. I am retired and on a limited monthly allowance. Not sure what to do now. No food, no rent for April. Thank You Lending Club. I hope you and your investors can but your head on the pillow at night.

Terry Mc

###-333-7989

I just received an pre approval letter this morning. From what I am reading here it is just a ploy to lull you in and then get a big piece of change out of you and still require more information for the application . Sounds like one big runaround and not returning someone's money even a dollar is theft! Do that to a million people that's a $1milllion dollars!

Thank you for the reviews. In the trash it went.

I to keep getting letters from Lending Club and they say they will give me fiv 5, 000 10, 000 20, 000 for a fixed rate of about 6% for 36 months about 10% for 60 months and then you apply and it turns out to be 24% -26% not 6% so I too am NOT getting a loan from Lending Club

I too continue accepting the pre-appoved letters however they never help me! All I need to do is result my obligation and join into 1 installment. I don't have the best FICO assessment on account of my obligation however isn't that what obligation combination is? I will continue hunting down help and avoid the Lending Club.. www.techriation.com

I was googling LendingClub because I got pre-approved for 20 grand. Glad I came across this page. I understand these companies need to make money, but I will just skip the head ache of turning this and turning that when I can just go to my own personal bank and take out a loan.

Thanks for your reviews. I just filed their pre-approval in the circular file.

Lending club is a total scam. I am beginning to think this is one huge ponzi scheme. I have invested in more than 80 loan with lending club. My criteria was credit scores over 700, job history of at least two years, minimal derogatory marks on their credit report, income levels over $4, 000 a month, and strictly debt consolidation. For each positive loan that was fully paid, another one was charged off, creating more losses

As of right now, I have more loans that are in default and charged off than I have in a paid position. There is no reason that 13 out of 80 loans should be charged off

I just received the pre-approval letter in the mail and I was going to apply. I am happy I clicked on your link.
My application is going in the trash!

My husband received a letter from LendingClub and after doing all the paperwork was denied. Then other lending companies started calling which of course in the the term of the contract. But if a Lending Company is going to deal with other companies then they should investigate the other companies that they are giving information to. Another company who said they gt their info from Lending Company tried to scam my husband. Told him he was approved for $10, 000 but he had to go buy an itunes card to prove it was a real account and wanted us to send them funds from our account so that they could send us funds back, which would basically give them a running jump into our account to withdraw cash. If you need a loan I suggest a bank, interest rate may be higher but at least you know they aren't going to scam you out of your hard earned cash.

I applied for a loan July 5 2023 but decided not to accept it yet they said they were disbursing the funds to me. I called them several times on 2 days, July 10 and 12, 2023 to cancel it.

They did not act on it. And then I found that the account number they were going to disburse funds to is NOT my account!

LOAN SHARKS!

LENDER refuses to provide access to account balance information for auto refinance. They insist I call them and will not send me any statements.

they deter the ability to pay the loan down.

They send out "pre-approved " credit lines that are not pre-approved. They are a joke. You can not get a hold of a human no mater how hard you try.

I hate this company. I applied for a loan and they turned me down, despite the fact that I had a 786 credit score. I contacted them to get an explanation and they gave me some watered down, lame excuse why I didn't qualify. I believe there were other factors involved that may have nothing to do with my ability to repay. I even contacted the CEO of the company and he had the nerve to ignore my complaint. I was able to obtain my loan through Prosper, another person to person lending club.

Don't bother dealing with these bogus jerks.

Lending Club is a joke and don't waste your time. I submitted numerous loan applications and each time the loan gets 100% funded and then all of a sudden it is like I never applied. When I try to get into my account it states my email address is not valid. When I contact them they state it was the credit department that I have to speak to. I have left at least a dozen messages with the credit department and never received a response. My credit score is in the high 700's (excellent) with a low debt to income ratio.

DON'T WASTE YOUR TIME.