badinrams

1 Contributions 40 People Helped

Member Since: July 2012

Most Helpful Contribution

Lending Club Personal Loans

Mar 08, 2019
Ok so far.
Helpful to 40 out of 40 people

The application process was easy. Took a bit of time because I had to track down some documents like pay stubs and my w2. But once I was able to send copies everything went smoothly and I had the money in about 3 business days. Only real problem I had was the amount I recieved. They shave a bit (almost 6% in my case) off the amount to pay their fees. So ask for a little more than you actually need or you won't have enough for whatever you need it for. In my case I was paying off credit cards so I ended up with two cards I couldn't pay all the way down. It wasn't really made clear how much they would take until after I was approved or I might have asked for more. It said something like "2-6% based on your credit worthiness" and since I had a good credit score (730) I thought it would be on the lower end and I would have enough since I didn't want to borrow more than I needed.

Activity (1 Total Contributions)

Lending Club Personal Loans

Mar 08, 2019
Ok so far.
Helpful to 40 out of 40 people

The application process was easy. Took a bit of time because I had to track down some documents like pay stubs and my w2. But once I was able to send copies everything went smoothly and I had the money in about 3 business days. Only real problem I had was the amount I recieved. They shave a bit (almost 6% in my case) off the amount to pay their fees. So ask for a little more than you actually need or you won't have enough for whatever you need it for. In my case I was paying off credit cards so I ended up with two cards I couldn't pay all the way down. It wasn't really made clear how much they would take until after I was approved or I might have asked for more. It said something like "2-6% based on your credit worthiness" and since I had a good credit score (730) I thought it would be on the lower end and I would have enough since I didn't want to borrow more than I needed.