LendingClub Reviews

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.

LendingClub was easy to deal with. I did a personal loan with them and the application process was fairly simple. I did everything online and their website was very easy to navigate. The rates were good and fair. There was an initial rate that they had provided and when everything was finalized, it went to another rate. It wasn't much difference but it was different.

The application at LendingClub was a very super easy process. They didn't make anything difficult. Everything was online. It took about 10 minutes.

The application process was pretty quick. It was all online and I did it all from my phone. Their website was pretty user-friendly. I took a little bit longer in going through the loan application or which loan interest payment that I wanted to go through. The only thing that I found questionable is that the loan that I had taken out was about a $5,000 and they said something about the amount that got deposited in my account was 4,700. I don't know where the 300 went or what it went for.

The entire process was very quick and seamless. Responses to queries were timely and responsive. Requests for needed documents was clear and even when I sent the wrong document I received an immediate response pointing out the error so as not to delay the process. The rates was clearly spelled out with no bait and switch. Would recommend them.

Service was quick and easy. Deposit of money and sent to creditors was timely as promised. Could have used a bit more money and better rate. Still happy with the end result. I would recommend Lending Club to friends and family.

The application process was fine and pretty normal. The approval process took a while. But it wasn't a terrible experience overall.

After looking at all the different options, LendingClub wound up being the best because of no fees. I took a debt consolidation. The application process was super simple. They didn't ask too much about income. They did a credit check. The credit minimum was somewhere in the 600s. It wasn't anything crazy. It was a really easy and good starter loan. Also, I was approved within 24 hours. It was really quick. I didn't have to wait at all. Working with LendingClub was good because I really needed it and it's helped ease a burden that was on me and it's really simple. I have autopay on, so I don't even have to think about it.

Finally answering their call I was told approved filled out paperwork with him on phone then at bottom of paperwork it asks for my bank username and password! Ain't no way that's normal, I hung up on him

LendingClub was able to give us the best rate in consolidating several accounts into one payment. The process was simple.

This was a very easy process! Once approved, the funds were deposited in my account within a week. Between applying and being approved was a little weird limbo, like I wasn't sure what the next step was but overall great experience. Very easy step by step process. Would defiantly recommend using LendingClub.

I’m happy with how easily you processed my home improvement loan. I’m looking forward to renovating my small kitchen. I chose this lender because I needed five years to pay off my loan and your rates are competitive. I used LightStream to help renovate my bathroom so I’m a returning customer.

A very simple and fast process. Thorough communication and information. No issues with the LendingClub documentation or requests. Time between the initial request and then the payout was less than 7 days. The rate and final information were quickly completed. Never was forced to complete and or add additional information. Much better than using an accredited banking system.

The gentleman that I spoke with was very helpful and I appreciated the level of support that I got on the front side of things. The application process was very easy and smooth. LendingClub was great to work with.

LendingClub had a lower payment than anybody else. I went online and put in how much I needed. They quoted me the price and within 24 hours, I got approved. Also, I enjoyed my interactions with their reps. They were nice people and they answered my questions. I would recommend them.

I have had 5 loans through LendingClub in the past and have paid them all on time and paid off way ahead of schedule. I had a situation come up where I needed a quick small loan in the amount of $3600. I make a great income and provided my pay stubs and 2 years of tax returns to validate. On top of this documentation they were requesting for me to fill out ANOTHER document giving them permission to receive tax transcripts from the IRS! Not only is this a big inconvenience to print, fill out form, send back etc... it is, in my opinion, WAY over the top for such a small loan and for a very good existing customer of theirs. I decided to withdraw my application and go with a lender who is MUCH easier to do business with.