LendingClub Reviews Read Customer Service Reviews of lendingclub com 4 of 284

See our picks for the best personal loans or the best personal loans for bad credit for more options. “LendingClub is a solid choice for those looking to consolidate high-interest debts. Having loan funds sent directly to your creditors is virtually a must-have on a debt consolidation loan these days, but the chance at a lower rate for consolidating is a nice perk, too. A Western Alliance Savings account will earn you a slightly higher rate of 5.31% APY, and you won’t have to meet any monthly requirements to get that rate.

The savings rate is competitive with some of the best high-yield online savings rates; it has an APY of 5.00% on all balances. I got the amount I needed and the best rate anyone else had to offer. My creditors got their money immediately and now I just have one affordable, monthly payment.

I was also told that the original loan I “topped up” would be what I’d go back to paying off. I called & they set up a “payment” of the loan money back to the loan. I’ve called over 20 times in the past month trying to get it situated. Today I was asked to “prove” I didn’t have the loan money when my account clearly shows it was returned & was told I never cancelled the loan or called before about the problem. I’m now being forced to make unaffordable monthly payments as if I still had the TopUp loan amount. I was assured by numerous people once the money was returned, my original loan would be in effect & the TopUp would no longer exist.

LendingClub Vs. LightStream

Thus far grateful God has given us an opportunity ? to do business once again ?. Thank you Lenders ? for trusting ? me yet again to repay my gratitude. Loan with Lending Club, the application could not be easier & you just keep getting faster with the funding. Just keep in mind that the EagleBank High-Yield Savings Account comes with a minimum opening deposit of $1,000, which is quite high for a savings account.

Rates start around 7%, but max out at around 20%, which is still significantly lower than LendingClub’s highest APRs. Marcus does not charge origination, prepayment or late fees, and borrowers can save 0.25% on their APR if they enroll in autopay. Personal loan applications are approved or declined based on a number of factors. Meeting the requirements below won’t guarantee approval, but they can help you decide if a personal loan is the right fit for you. I made an online application for the purchase of a CD.I emailed copies of my driver’s license and SS card as requested.

1. While not as high as EagleBank, this is still pretty high for a savings account.
2. If you’re interested in refinancing, you’d need to do so with a personal loan from a new lender.
3. LendingClub is a legitimate financial services company, with accreditation from the Better Business Bureau and a positive rating from Trustpilot.

I’ve been a customer for years now and have always been happy with the whole process. The experience in getting my loan approved was a good and pleasant experience. The system Lending Club uses makes is simple and easy go get a loan quickly. Unfortunately life events happen that put us in the position of needing to borrow money.

This means that LightStream borrowers with the highest credit scores can access rates much lower than the best offered by LendingClub. However, LightStream’s eligibility requirements make it more difficult to qualify, whereas LendingClub imposes a relatively low minimum score requirement. I have paid off several loans over the years. I was able to consolidate general high interest credit cards. LendingClub is a digital marketplace that offers totally branchless banking and personal loans between $1,000 and $40,000. The fintech company works with a network of investors, or peer-to-peer lenders, and connects them with consumers.

Satisfied customers generally report that the application process is easy and funds were received quickly. Others are pleased with the quality of customer service as well as the ease with which LendingClub loans let them consolidate credit cards and other debt. LendingClub offers a competitive xcritical cheating personal loan product with a low minimum loan amount and quick funding.

Great Website for a loan

I would absolutely recommend this company to anyone looking for help to get ahead. The Western Alliance Bank High-Yield Savings Premier account also comes with a minimum opening deposit, this time of $500. While not as high as EagleBank, this is still pretty high for a savings account. This account also doesn’t come with an ATM or debit card, and you’ll only be able to transfer money in or out of the account using one external bank account. Other banks also offer high interest rates on savings accounts.

A great company to do business with

I am very thankful to the Lending Club for making my life easier to live. Still, some LendingClub borrowers report that available APRs are high, even for well-qualified applicants. And, while many reviews suggest that funding times are short, others suggest delayed disbursement and otherwise slow lending processes. LendingClub allows prospective borrowers to apply with a co-borrower. This can help less creditworthy applicants qualify for a better APR or larger loan amount. Borrowers who plan to apply with a co-borrower should select “Two of Us” when checking their rate.

The Western Alliance Bank High-Yield Savings Premier account has no monthly service fees, making it a very low-hassle banking option. This is the second time that LendingClub has come through for me when I have needed financial assistance. LendingClub offers online chat support and a phone line that operates with extended hours during the week and on weekends. Some online banks don’t have ways to deposit cash into your account, but LendingClub lets you deposit cash at its own ATMs and at certain ATMs in the MoneyPass or NYCE networks.

Suggested companies are based on people’s browsing tendencies. LendingClub has been fantastic to work with… My experience with this company has been nothing but fabulous. Interest and apr is reasonable for consolidate debts.

The minimum opening deposit is $2,500, which is more than some banks require. But some rates are strong, including 4.40% on one-year CDs. Hassle free and quick delivery of xcritical rezension my money and bills getting paid by the company for debt consolidation. LightStream loan terms are also more extensive than those available through LendingClub, with terms available between two and 12 years, depending on the loan purpose.

LendingClub Bank does not have outsized CFPB complaints relative to its asset size. For more information about our process, see our methodology page. While LendingClub scored slightly below the industry average on J.D. Consumer Lending Satisfaction Study, its customers seem happy with its offerings.

NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary. Applicants must have a FICO credit score of at least 600 to qualify for a personal loan, while the average FICO score of LendingClub’s prime borrowers is 705. So, while borrowers with fair to good credit may qualify, only the most creditworthy applicants can access more competitive APRs and larger loan amounts. LendingClub offers personal loan amounts up to $40,000 with repayment terms between 2 and 5 years. There are lenders that provide larger loan amounts up to $100,000 in some cases, however. How much you can ultimately qualify to borrow is dependent on your state of residence and creditworthiness.

A free ATM card is available with this account, which not all banks offer for savings. Having an ATM card for your savings account means that you can use your savings to make purchases, should you need to, and that you can deposit cash directly into your savings account. After loan approval, LendingClub can transfer funds to customers within 1 business day. There are other lenders that can provide account funding the xcritical reviews same day or next day following loan approval, however. Shopping around for personal loans is usually pretty quick and painless. Find the best rate you can get with our picks for the best personal loan lenders.