is the lending club a legitimate loan company

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People also ask

  • Is Lending Club legit or scam?

  • Is Lending Club a scam? Lending Club is a legitimate business that offers investors a chance to make loans to borrowers and earn higher interest rates than those offered by banks, savings and loans, and credit unions. Lending Club is regulated by the SEC, and does business with FDIC insured banks. Lending Club Better Business Bureau rating

  • What is LendingClub and how does it work?

  • Obviously, LendingClub loans have caught on because it鈥檚 the largest online lender for personal loans in the United States, with more than $35.9-billion in loans since the company was founded in 2007. LendingClub accounted for $8.987 billion in loans in 2017.

  • Is LendingClub good for fair credit?

  • LendingClub鈥檚 personal loans are a fit for fair-credit borrowers looking to consolidate debt or finance large purchases. Though not the lowest-cost loan out there, LendingClub offers borrowers flexible payments, and it’s transparent about rates and fees.

  • What is Lending Club’s customer review rating?

  • Here’s the breakdown: Finally, according to the BBB, Lending Club has received an average customer review rating of 4.34 stars out of 5 stars based on 23 customer reviews, which is a very high rating. To see Lending Club Better Business Bureau rating on the BBB website click here.

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