LendingClub Reviews

I’m still waiting for loan 3 weeks later. I sent in a document via email and a whole week later, they requested the same document via their application system. They need to request more documents up front instead of requesting single documents one by one and making the process even longer.

I recently took out a personal loan from Lending Club, and the application process was straightforward and user-friendly. Customer service was generally responsive and helpful. The loan terms were competitive. I was offered a reasonable interest rate based on my credit profile, and the terms were transparent with no hidden fees. The monthly payment schedule was manageable, and I appreciated the flexibility in repayment options.

I received a 10k loan couple years ago. The process was fast and straightforward. I applied recently and was denied, even though my FICO and income is a lot higher. In my opinion, they are like a big bank now, but before it was a P2P company. If you're looking for something fast, try SOFI. My wife was denied too with a 715 Fico. Don’t waste your time.

DO NOT get a loan from LendingClub. I have had personal loans before and never in my 66 years have I dealt with a more unprofessional lender. I have gone back and forth with them for two weeks about a creditor that was supposed to have been paid but they claim they the check to the wrong address. I have had to make NUMEROUS calls with the last 2 weeks and I am still waiting to obtain the funds. I am beyond disappointed in this company. Find another lender is my recommendation!

I gave the man who represented this company 1 star only because of his incredible ability to pretend to be genuine. I had just been scammed by another company (Wave Finances) and trying to recover by getting another loan. This Lending Club rep was very understanding and compassionate, assuring me they were different and would not betray me. They made deposits that I returned in money cards to supposedly raise my credit rating. Long story short, my bank shuts down my account and tells me the checks they deposited were fraudulent. And of course the man I talked to every day, who promised he would never do me harm, is now unreachable and not responding. I didn't think anyone could be so evil. I don't even know where to go from here.

I’ve had multiple loan experiences with Lending Club, all were good experiences until the most recent. The inability to hear your customers and the desire to stick it to them when they are most vulnerable must be the new corporate strategy at Lending Club. The obstinate attitude position their team (multiple people) utilizes is not just rude, it informs as to their callous and bizarre lack of understanding and amazing inability to listen. I’ll never work with them ever again. I’d encourage others to use anyone else than Lending Club.

Horrible service, their rates are way too high and they try and hide it extra charges for no reason. In the end, they overdrew on my account. Fraudulent report on my credit score. When you try and contact corporate all they leave you as a mailing address and they never respond.

I was offered a Permanent Loan Modification while I was falling behind, at the time it wasn't the best option for me to assist during my hardship since I still had to pay, I missed 1 of their payments during a lock in period of April 2024 - June 2024 and now that I'm trying to catch up since I'm not working again I was denied the permanent loan modification - I had asked for a extension during my hardship instead since paying nothing was the best for me at the time and wasn't offered this. Now I lost the chance for the permanent loan modification and now behind even more and they still took out 1 of my lock in period payments (2nd one).

Don’t Do it, very much a scam. They promised me a loan. Stole $5000 from me instead, now I have to clean up a mess not to mention screwed my credit. Don’t do it. Had to close all my accounts that I had since 2015.

Lending club is nothing but a scam. Employees drain your bank account after doing a test deposit. Employees will RIP you off by fake mobile deposits then your account is completely drained and overdrawn on a matter of minutes. Even before your bank account can be frozen to stop the withdrawal.

Applied at Lending Club got approved for 5000 dollars. Looked at the payments and interest and thought there was something wrong, so I didn't proceed. After investigation I found it was a scam. Now I get calls from them and the caller ID comes up different names. What a nightmare. I seriously need help. I had heart failure, have been trying to work as much as I can and now I have to deal with people trying to rip me off when I barely have anything.

The application process was simple and straightforward, and I was able to easily upload all the necessary documents without any hassle. The website is also well-designed and easy to navigate, making it a breeze to track my loan status and make payments.

DO NOT BORROW FROM LENDING CLUB, you will pay back double the amount you borrow or more. They are profiting off of being disguised as the good guys that want to help. You’ll be further in debt if you take out a loan through them. DON'T DO IT. TRUST ME.

Hello, I have 3 loans with Lending club. Very simple to apply however I went to a hardship and I been trying to get help and they give me every excuse why not to help me, I contacted them. Many times and they continued to refuse help, government help them with millions during covid and they refuse to customers. They claimed they don't receive payment. I have to send screenshot of my bank. Always something to refuse help.

These Scammers told me 1 month ago I was approved. 1 month later after talking to their customer support every day in India they DECLINED ME. They just lie thru their teeth. I hope they get shut down.

Don't do it. If you have ANY other legal way of getting money to help you out, do that instead. I got a loan from here and ending up paying far, far more than my original loan. This is a PREDATORY LENDER. Part of your loan is taken upfront, so you never see the full amount; if you cannot pay it off immediately, you will incur crippling interest.

I had a loan through Lending Club that was paid off almost a year ago and it is on my credit report as 10 missed payments! I have called and called and nothing is ever done. Just today they put me on hold for over 35 mins and never came back after "needing to verify it was in fact paid off". DO NOT USE!

Got the loan... then went to confusing website... and worse was customer service. I paid it off before payment was due still got an interest bill... called and thank god got a nice person and closed my account.

I originally got a loan through Lending Club and they were Fantastic to work with. Once the first was paid off I went to them for a second loan, and I should have been wary because my experience was very different this time. The loan process took forever despite the fact that I was a previous borrower with 100% good standing and on time payments.... The application process was "less than" smooth or quick the second time.... THEN, last month when I changed the payment date (per instructions on their site) Lending Club proceeded to take a second payment out of my account that same month leaving my account overdrawn. Customer support (I use the term "support" in its broadest sense) said that they would "credit" the second payment to the following month. 2 weeks later I get an email notifying me that my payment WILL be deducted.

Actually, my experience started with another company affiliated with Lending Club. They were high pressure and applied for a loan through Lending Club without my knowledge. When all the smoke cleared, I found out about the loan and called them and asked them to cancel the loan, I didn't want it. They kept it long enough to the point where first payment was due and of course not paid, so they reported late payment to the credit bureau. They said they would remove it, but it's still on there. My excellent credit is destroyed.

I had applied online for a personal loan from Lending Club. I wasn't aware it had been approved until I was looking at my bank account on 1-5-2024 and saw a $11340 deposit from them on 1-2-2024. I no longer needed the loan and called to cancel. I was told it was outside of their time frame to get fees and interest refunded. I had to pay back $12021.25. How can I cancel a loan if I am unaware it has been approved?

I am writing to express my dissatisfaction and concern regarding my loan experience with Lending Club, specifically under loan number **. I took out a loan in May 2022 for $40,000, but the initial amount I received was only $37,600. I was informed that the $2,400 difference was an initiation fee. Since then, I have diligently made payments totaling $20,330, and I also discovered that and This brings the total amount paid to $22,730. Upon checking my balance on January 18, 2024, I was surprised to find that I still owe $33,000. It appears that out of the $20,000 in payments, only $4,600 has been applied to the principal amount. I contacted Lending Club on the same day at 1:22 PM and after being transferred three times, I spoke to an individual named Paul. Unfortunately, he refused to provide me with his employee ID number or last name, spoke over me, and failed to offer a clear explanation for the discrepancy.

I was contacted on 11/27 and 11/28. I spoke to two different people. What I was excited about, a loan, turned into a nightmare. These people contacted my bank and filed two claims. They took $2300 from my account and I was not aware of what they had done. They gave me the Instructions of what I needed to do. In the end, I returned my own money to them without knowing what they had done. Out $2300.00 I am jumping thru hoops to get these people caught. They say they are in San Diego, but that is probably not true either. If they reach out to you, it will be Roy or Paul... Beware. They are scammers.

This so called Lending Club or the Webbank is a harasser for the loan you take and when you face difficulty in payments they never help you to find a way so that you can still make the payments on a reduced monthly payments or reduced interest or increasing the payment time in months. All these are promised somewhere. They say they help people with hardship payment plans. INSTEAD THEY WILL harass you saying they are going to sell your loan to a collection agency by writing it off. When you call or email they never help you. Also they will take the origination fees from your loan in $$$ so you will lose your loan amount in the beginning and they still making lots of money BUT no help for anyone takes a loan BUT harassments. So not a good lender at all.

This company is utter trash. I had a large amount of money in a savings account and then withdrew the money for a while but pulled it out when I realized how difficult it is to get any help with my account. The website is difficult to navigate and it is a pain to do anything at all. The real kicker is this. Last year, I asked for my 1099-INT for my taxes and it was sent to me twice via Docusign. It was then sent the next day and the next day for weeks. I can't block Docusign in my email because I need it for work. It was sent by someone named Rachel **. I emailed her back directly asking her to stop. I received no response and it continued. I was eventually able to get it to stop but I don't remember how. Which brings me to today.

I got a consolidated loan from LendingClub. When I applied on the phone, it showed me that I was gonna pay a certain percentage for my loan, and then when I got all the paperwork and it was approved, and I signed it, I wasn't really happy with what I saw as far as the interest rate and how much percentage I was paying back. That was deception right there when it showed me one number before I got approved, and then when it came back and gave me my contract, that percentage was almost 7% difference. Over a three-year period, it would add about another 1,800 to my loan amount, which is what it did. I didn't think I was gonna pay almost a quarter of what I borrowed. That's called loan-sharking. They're helping people out, but do they really need to get money off of people who are already suffering out here?

My experience with Lending Club was nice and the process was easy. I love how they send a reminder a week before the payment is due. They will make sure that the funds are there. You also couldn't beat the APR for what I got. The rep who helped me was very nice. The lady called me to let me know that the loan was approved and what account it would go to. Once they paid off the card that I needed to pay off, the difference would go into my bank account. She explained everything to me.

I happened to be a customer of the bank for a few years. Eventually, I moved most of my funds out the bank due to lower interest rates. Lately, I've noticed that the bank has competitive CD interest rates and decided to open a 1yr CD. Strangely, you cannot open an additional account from your online dashboard and should apply as a new customer, regardless of your existing accounts (I have checking & savings accounts active). I set up substantial amount of money as ACH transfer from my other external account. In a few days of silence I contacted LendingClub bank to inquiry and learnt that my new account still under review. I asked the rep do not transfer my funds over weekend: each calendar day I'll lose $30+ in interest, including weekends.

We made a double payment on our account by mistake. It took me calling 4 times throughout the day to get a manager. When I finally spoke to a manager, I was denied my refund because I “authorized it”. Even though it was a mistake, it is Oct 4, the payment was not due until the 21st. So I overpaid my account and was denied my refund. It was the worst service I’ve experienced in a long time and we’ve been recurrent customers since 2016!! Absolutely absurd, I even explained I’m now negative in my account and can’t afford to pay my electric bill or buy food.

LendingClub's process was pretty quick. I got the approval within a day or two, maybe less, and they approved me of whatever I was looking at. They had the best rates, too. The funding took a couple of days but it was straightforward and simple. The debt consolidation loan I got thru them has helped me do what I was trying to do.