LendingClub

I called to have my payments deferred due to my job being affected by Covid-19. The only option was to defer for 2 months but interest would still be tacked on during the two months. I called to inquire about this situation and the person I spoke with told me they aren’t a financial advisor so they really shouldn’t be explaining this to me but if I pay off my loan on the original promise date I wouldn’t end up having to pay any additional interest.

I have been making loans on Lending Club for about two years now. I don't understand the logic behind this. Lending Club charges the borrower a fairly large "origination fee" and that fee goes only to the Company. So then I as the investor am given the right to take on $25 or $50 of that loan and at some point if enough "investors" sign up for this then the loan is finalized and the borrower (hopefully) starts making payments. Then as the payments come in, the Club takes a percentage of the payment in addition to the fee they already charged the borrower. Fairly often the borrower defaults.

I just explained to the operator that I've been hospitalized since the beginning of March with two viruses the doctors were trying to get to the bottom of. I was even intubated in ICU for 4 days, with the doctors themselves giving me a 50/50 shot at survival. I called Lending Club and explain that I don't even know when I'm going to be discharged and I need to sit down with all my bills when I get home. The operator offered a 15-day grace period. Isn't that generous? I still have tubes coming out my arms and unable to use the bathroom on my own, but they'll give me a 15-day grace period. Given what's going on in the world at the moment, I expected a little more compassion and humanity. Apparently that is not the Lending Club brand. Shocking and disgusting.

Getting approved was a nightmare. Took a lot of time. They needed everything under the sun. When they would get it, they needed more of the same thing. It took longer than usual from other lenders, to get anything done. It even takes a while to get the money. There is even a big fee (for what,) I have no idea, to even get the money. It comes out of the loan. If it was up to me, I would not have done this loan. My wife was the one who followed in with it. She didn't tell me any of the fees until after the fact. 750.00 just to get a loan, then, the big APR, and the interest rate was very high. Seems to me like sharks in the water.

I was impressed with Lending Club when I first took out a personal loan even though their rate was a bit higher than a local bank. It was easy to apply, easy funding and easy to change payment due date. Their online services became frustrating. Instead of helpful information it is full of marketing nonsense. Every other financial institution I do business with can provide an e-statement. To get a statement you have to call, wait 15 minutes on hold while hearing an annoying person tell you to go online for faster service, then you’ll have to explain why you need a statement. The representative told me it wasn’t necessary because the email reminders if you're late...

Decided to take the loan they offered by mail in order to build up my credit score. Was a bit suspicious, offer looked too good to be true. Suspicions confirmed. Interest calculated daily. No details statements provided to explain interest calculation. Online data hidden from view, customer must click around to find incomplete "payment history." Have made several very large "extra payments" to pay down balance.

I have received numerous loan offers from this company. I have e-mailed them and contacted them via USPS asking them to stop sending offers to me. They continue to do so. I have contacted the three main credit bureaus requesting that this company stop send me pre-screened offers. They continue to do so. They are also sending offers to a non existent person at my address. These people do not listen. I have advised them again, that if I continue to receive offers, I will file a lawsuit against them.

I got one loan for my business 3 years ago with them, my credit score was in 687 and I got a loan easy, now I get a new loan with my fico in 758 and easy too, so apply, very high recommend. Was in account in 4 business days.

The ease in which filling forms online were extremely fast and easy. And with a brief follow up phone call to verify information, I was provided my loan within a very short time after. Doing business with LendingClub has been a pleasure!

This is my 3rd loan with Lending Club and have never had an issue. They are great to work with and easy to apply. Money comes in about 3 days and they automatically take the payment out of my bank so I don't have to do a thing.