Lending Club Personal Loan Approved

[NYFan63]

I app'd for a home improvement loan with LC and was approved and funded @ 11.99% - they pulled TU @ 665 but have not seen a HP yet.  Unfortuately NFCU did not approve me bc my income ($130k+) was not sufficient for a $15k loan.

[peaceonearth]

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@NYFan63 wrote:

@I app'd for a home improvement loan with LC and was approved and funded @ 11.99% - they pulled TU @ 665 but have not seen a HP yet.  Unfortuately NFCU did not approve me bc my income ($130k+) was not sufficient for a $15k loan.

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Congratulations.

[Anonymous]

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@NYFan63 wrote:

@I app'd for a home improvement loan with LC and was approved and funded @ 11.99% - they pulled TU @ 665 but have not seen a HP yet.  Unfortuately NFCU did not approve me bc my income ($130k+) was not sufficient for a $15k loan.

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And you won't see a hard pull. Lending Club is soft pull only.

[NYFan63]

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@Anonymous wrote:

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@NYFan63 wrote:

@I app'd for a home improvement loan with LC and was approved and funded @ 11.99% - they pulled TU @ 665 but have not seen a HP yet.  Unfortuately NFCU did not approve me bc my income ($130k+) was not sufficient for a $15k loan.

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And you won't see a hard pull. Lending Club is soft pull only.

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Thanks CAP!  How soon did LC report to the CRA's for you?

[Anonymous]

In my case it took almost two months for them to report to CRAs. Looks like the norm from what I have read about Lending Club.

[Anonymous]

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@Anonymous wrote:

In my case it took almost two months for them to report to CRAs. Looks like the norm from what I have read about Lending Club.

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Ditto.

[NYFan63]

Thanks guys - I appreciate the input

[Country_Feller]

Good Deal, Congrats!!! I got a loan with LC a few months back and so far they've been awesome.

[sham010379]

When the account appeared on your report did it hurt your credit score? Im reading here on my fico that consumer financed loans hurt your score I'm using the loan to refinance my credit cards.