Lending Club - Dishonest and discriminated against me

242 of 245 Lending Club reviews

I applied for a personal loan to pay off 2 credit cards, I was approved, I submitted all requested paperwork.While they reviewed my yearly earnings they made the mistake on confirming my income and said I lied on my application.

I proved them wrong, they told me they where sorry and would make good for there mistake. I resubmitted the application per their request . They denied my loan. After three weeks of getting the run around I gave up.

They made my credit drop 40 points during this 3 week fiasco.And that was the reason they claimed they couldn't approve my loan which was already approved 3 weeks prior.

This review is a subjective opinion of a user.
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Review category
Loans and Mortgages
review #384060
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Helpful? 23 Yes 23 101 No 101
Had the same issue 5 Yes 5
242 of 245 Lending Club reviews

Dec 30, 2013 #766017 Casper, Wyoming, United States

About the only way I can imagine that your credit score could drop 40 points is if you didn't make the payments on your credit cards and they both reported you as delinquent. Late payments can quickly slaughter your credit.

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Jun 27, 2013 #670255 Phoenix, Arizona, United States

I think the people making comments on this are correct, but their points are totally irrelevant. It's not about the technicality of the issue, it's about the customer service the complainer received which IMO was poor. A credible company would go through much larger lengths to correct any errors it makes. The complainer's loan was approved before their mistake and should have bent their own rules if they needed to so they could "take care of their customer." Now they lost at least two potential paying customers because I will probably steer away from companies like this.

1 1 Reply

May 31, 2013 #658609 Branson, Missouri, United States

there is no way your credit score drops 40 points for a inquiry, an inquiry in your credit would be about 5 points.

0 0 Reply
curious george

Feb 17, 2013 #610263 Minneapolis, Minnesota, United States

Did you by chance kept recording of your conversation over the phone between you and the Lending Club?

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