I am beyond impressed!
I rarely write reviews but I really feel like I will be doing many people who are "in my shoes" a disservice if I don't. I have only been on Credit Karma for a few weeks but I have been helped a lot by various reviews of credit services. I was looking for a loan to pay down my credit cards and raise my credit score (plus have a single payment at lower interest rate) prior to shopping for a car. Whenever I came across a lender, I would log on to Credit Karma to find reviews or comments made by members about them, and so after being prequalified by Lending Club I did the same thing and found a great deal of negative reviews. To say the least I was discouraged almost to the point of not taking the loan but then I decided since they were not likely to do a hard pull (learned that also thanks to this forum), I don't have much to lose, I might as well try. I am glad I made that decision. My loan request was for 4000, I got an interest rate of 10.99 and an APR of 13.84% (36-month term, score 680 according to LC). My loan got fully funded in about 30 hours, and it was so much fun watching that process. The most impressive part of the deal is that verification of my email and bank account were the only requirements and those happened within 24 hours. Soon after the loan was fully funded, loan status changed to "approved" and a few minutes after that to "issued". I received an email from Lending Club informing me that the money had been electronically transferred to my account and that was it! No phone calls to or from Lending Club, no faxes, no paperwork. Total time from application to issuing of the loan was only 36 hours and it was so effortless! Probably some of those who wrote negative reviews might have had genuine reasons to do so but my experience makes me conclude things may have changed for the better or borrower related factors may be partly responsible for at least some of the negative cases (like false information on application, etc), or both.
Personal loan for consolidation.
Loan had a much lower interest rate than credit card debt.
Fast and easy.
Customer services were outstanding. Awesome support.
No other loan is as easy.
Quick response and approval.
The easiest and painfree loan process.
The referral to the Lending Club through Credit Karma provided reassurance that the process would be easy and painless...and it was.
Credit card payoff
I applied for a loan because credit karma suggested that a loan would be better than credit card interest. Process took about 8 days and when approved money was deposited directly into the account I have registered with. Fees were explained in beginning and was subtracted from loan. Also contacted lending club about quicker payoff. They responded same Day notifying me that there was no penalty and would be welcomed. Thats why I gave them 5 stars. I'll be using them from now on for any loan needs.
A very easy and convenient process.
A very easy and convenient process.
Credit Card Consolidation Loan
Very quick and simple process! I would definitely recommend Lending Clud to anyone looking to consolidate bills into one easy payment, this has made paying down my debt so much simplier! I already feel like so much stress has been relieved...thank you Lending Club :) One tip - if you are married I recommend checking your offered rate individually and as a joint application...we received a very good rate for our joint application.
Great loan process
From start to finish this company provided the easiest process to apply for a loan. The ability to provide the documentation on my time line was a bonus. The customer service people that I spoke with were very professional and knowledgeable of the product. I highly recommend this product.
Took over a month from start to finish
This loan took over a month from the time I initially applied for it until I actually received the money. I did get the amount that I had requested but I feel that it took entirely to long to get it. And way too many "teaser" emails!!
Quick and Easy
The application was quick and easy and within a week I had my funds! Great experience!