https://ficoforums.myfico.com/t5/Personal-Finance/LendingClub/m-p/6752107#M260246 <P>I'm debating on doing a credit card consolidation with them and it's pre approved and they are wanting me to meet with notary to sign documents. &nbsp;<BR /><BR /></P><P>has anyone ever done this?</P><P>How did it affect your credit, and the accounts.</P><P>how do the accounts show once they take them over.</P><P>&nbsp;</P><P>basically they claim they settle the accounts for a percentage with the credit card companies. And that it will not show up as any late payments, settlement, etc on my report. &nbsp;They are saying it only shows as paid as agreed and account closed by creditor. &nbsp; &nbsp;<BR /><BR /></P><P>none of my accounts are behind, my payment history on all accounts are 100%. &nbsp; I just bought a house with a lot of unforeseen needs that had me spending over 70k in three months. &nbsp; &nbsp;I can possibly pull out of this, but i was looking into this as an alternative, to eliminate any possibility of a late payment impacting me or destroying my credit.</P> Mon, 08 Apr 2024 23:51:35 GMT Jesse28636 2024-04-08T23:51:35Z https://ficoforums.myfico.com/t5/Personal-Finance/LendingClub/m-p/6752107#M260246 <P>I'm debating on doing a credit card consolidation with them and it's pre approved and they are wanting me to meet with notary to sign documents. &nbsp;<BR /><BR /></P><P>has anyone ever done this?</P><P>How did it affect your credit, and the accounts.</P><P>how do the accounts show once they take them over.</P><P>&nbsp;</P><P>basically they claim they settle the accounts for a percentage with the credit card companies. And that it will not show up as any late payments, settlement, etc on my report. &nbsp;They are saying it only shows as paid as agreed and account closed by creditor. &nbsp; &nbsp;<BR /><BR /></P><P>none of my accounts are behind, my payment history on all accounts are 100%. &nbsp; I just bought a house with a lot of unforeseen needs that had me spending over 70k in three months. &nbsp; &nbsp;I can possibly pull out of this, but i was looking into this as an alternative, to eliminate any possibility of a late payment impacting me or destroying my credit.</P> Mon, 08 Apr 2024 23:51:35 GMT https://ficoforums.myfico.com/t5/Personal-Finance/LendingClub/m-p/6752107#M260246 Jesse28636 2024-04-08T23:51:35Z https://ficoforums.myfico.com/t5/Personal-Finance/LendingClub/m-p/6752115#M260248 <P>I would be HIGHLY skeptical of any claims that credit card companies would be willing to settle for less than owed on accounts in good standing.<BR />Also very carefully read everything, especially the parts about fees and interest rates, do not trust what any of their representatives verbally tell you the costs are.<BR /><BR />Lending Club was a pleasure to deal with when I got a regular personal loan from them a few years ago, lowest interest rate anyone offered, and it didn't even get coded as a CFA account.<BR />Unfortunately, for every experience like mine, there seem to be many people that had a negative experience, especially with their debt settlement product.</P> Tue, 09 Apr 2024 00:06:25 GMT https://ficoforums.myfico.com/t5/Personal-Finance/LendingClub/m-p/6752115#M260248 markbeiser 2024-04-09T00:06:25Z https://ficoforums.myfico.com/t5/Personal-Finance/LendingClub/m-p/6752129#M260250 <BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/1137057">@markbeiser</a>&nbsp;wrote:<BR /><P><BR />Lending Club was a pleasure to deal with when I got a regular personal loan from them a few years ago, lowest interest rate anyone offered, and it didn't even get coded as a CFA account.<BR /><BR /></P><HR /></BLOCKQUOTE><P>I got a personal loan for consilidation a few years ago too. Like you no problems, everthing was fine.</P> Tue, 09 Apr 2024 00:45:24 GMT https://ficoforums.myfico.com/t5/Personal-Finance/LendingClub/m-p/6752129#M260250 FlaDude 2024-04-09T00:45:24Z