LendingClub

4.0  

About LendingClub

LendingClub is an online lender offering personal loans, including one specifically for debt consolidation, to borrowers with credit scores of 600 and above.

LendingClub loans have limited term lengths, you can choose from two options: 36 months or 50 months but they do allow for a co-borrower to help you qualify for a lower rate.

Overview

Interest rate: 7.04-35.89%
Loan terms: 36 or 60 months
Loan amounts: $1,000 to $40,000

Years in Business – Since 2006
BBB Rating – A+

Editorial Rating

4.0 Good

“LendingClub offers personal and debt consolidation loans, for borrowers with fair credit scores above 600.”

Benefits and Features

Minimum credit score: 600
Loans funded in one week
Payment date flexibility

Get a lower rate with a co-borrower
Available in all 50 states
Online application and approval

Pros

  • Offers joint loan options
  • Offers direct payment to creditors with debt consolidation loans.
  • Soft credit check with pre-qualification
  • Offers direct payment to creditors for consolidation loans
  • Allows borrowers to choose and change payment dates

Cons

  • No mobile app
  • Minimum Credit Score: 600
  • Only two repayment term options
  • Charges an origination fee
  • No rate discount for autopayments

TrustedCompanyReviews.com is not a provider of debt consolidation or resolution. Ratings that appear on this site are determined by our subjective opinion and are based on an analysis that aggregates a company’s reputation, services, general consumer interest, fees and features. Listings that appear on this site are not endorsements.

TrustedCompanyReviews.com is not a provider of debt consolidation or resolution. Ratings that appear on this site are determined by our subjective opinion and are based on an analysis that aggregates a company’s reputation, services, general consumer interest, fees and features. Listings that appear on this site are not endorsements.

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Advertising Disclosure

This site is a free online resource that offers helpful reviews and company comparisons to its visitors. The site operator may accept advertising compensation from some of the companies that appear on the site. This compensation may impact the location and order in which companies or their products are presented. Ratings that appear on this site are determined by our subjective opinion and are based on a brand or product’s market share, reputation, services, conversion rates, general consumer interest, fees and features. Company listings or rankings that appear on this site should not be construed as endorsements. Any relationship that you may form with the third parties that may be advertised or listed on this site is exclusively between you, as the consumer, and those third parties. All representations and warranties regarding the information presented on this site are disclaimed. The information, including pricing, which appears on this site is subject to change at any time. Not all companies, websites, products or services that may be available to you have been reviewed by this website.

Trusted Company Reviews may earn commission from qualifying purchases made as a result of our reviews and content.

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