Lending Club Investment Service Review from Philadelphia, Pennsylvania

39 of 245 Lending Club reviews

Lending Club - HORRIBLE Investment

Do not believe the bull *** LC posts on its site about 99.8% of investors getting a positive return. It's all a big F'n scam

I invested $3K about a year ago. 15% of loans have or are headed to default. I'm at a -3.77% return on this scam, and I can't get my money out.


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  • What I liked
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  • What I disliked
    • Any of it
    • Blatently dishonest claimed returns

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Loans and Mortgages
review #892331

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39 of 245 Lending Club reviews

Nov 23, 2016 #1245008 Coventry, Rhode Island, United States

Based on the screenshot I can see a few mistakes. First Lending Club is an investment broker service. That means that as an investor you can take losses on the money you put in. It is not a savings account and there is no guarantees. Second you used "Automated Investing". This is the stuff at the end of the day that just has to be funded. You are usually given notes that are spread across both safe and risky notes and the average failure is 5% of all notes or about 15% of profit. Also some of your notes probably were paid back early without reinvestment. Lastly you need to select the notes one at a time based on information provided for the best returns. You need to select your ideal borrower yourself or you will take losses from untrained computers.

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Aug 02, 2016 #1193980 Bangkok, Krung Thep, Thailand

It's not a scam. It's an investment. Not a sure thing. If it was, everyone would be doing it.
Did you perform due diligence? A blind man can look at the LC chart and spot the trend. Ignoring the obvious and being taken in with front page marketing..... a $3,000 lesson for you.

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Aug 02, 2016 #1193729

Hello. We're really sorry you're unhappy with your experience. Lending Club strives to provide the very best service to all of our customers. We’re sorry we didn’t meet your expectations and appreciate your feedback. We’ll use your feedback to improve our service, and hope that we can regain your confidence in the future. Please call us at 888-596-3159. We're available 7:00am–5:00pm PST, M–F.

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Nov 15, 2016 #1241317 Yuma, Arizona, United States

I would like to say thank u to lc! I am a veteran and on my last dollar. Never dreamed that I would be approved but I was within 1 week:) now I am letting veterans know about this great break that I got with lc!!! Alot of our veterans can't get a loan and neither could i. I find that they too were going to title loans and payday loans. Very bad:( but that is what u gotta do to survive. Very unfortunate for all of us that banks won't loan unless ur credit score is above 700 so to speak. Mine was just taking a chance and it worked!!! My 1st payment is thurs for 343.00 which b4 I was paying 1200 in payday loans. Too sad. Thanks again lending club for this chance I really needed it raising my 2 boys on my own. Now we get to vacation for the 1st time in years!!!!!

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