You all know the saying, buyer beware- well borrower be aware of Lending Club, what a joke, I had read all the comments and I thought Okay, I have good credit, good income I will try to consolidate my credit cards, I was approved, funded and loan was under review, after a week not hearing anything I log on and I see my loan status is removed.their "adverse" letter said to much owed to income- really?
yes, I know that's what I thought Lending Club was here for to help pay down debt!! I know my debt to income was a little high actual not bad 36% I was surprised I was denied, however it was a good thing in the long run. I can just keep paying my credit cards down, the highest APR is 19% with a balance of 700.00 poor Lending club was going to make $1400.00 right off the bat for "banking"fee , then 24%APR, sorry Lending Club- your loss!-Please look into other companies and don't give them a chance, I know have their useless credit report on my file for 2 years and thanks for bringing down my score for no good use.
this company needs reported to BBB, May be my next email.those of you have had a great experience I'm happy for you and best of luck!-just double check what the cost in the end is and how much you actually will be paying for you r cash.
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|Diversity of Products or Services|
- Reason of review:
- Not as described
- Monetary loss:
- Product or service
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- Review category
- Loans and Mortgages