Hi all
I was shopping for a loan last month.
Anyway Lending Club had the best rate, when I checked their pre-approval number. However, I got a bonus at work and found I didn't need to then proceed to apply for the loan so I didn't then fill in an application/proceed. I kept getting email reminders to say my offer would expire, but ignored them as I had no intention of taking a loan.
Today I get an email from Lending Club - telling me my loan had be declined (nearly fell off my chair).
1 - They did a hard pull on my credit report late August (without my knowledge).
2 - Told me my credit score was 780 from Transunion (gee thanks I knew that).
3 - I have NO idea what amount of this loan was and I didn't apply for it!
4 - The reason for denial: Requested product not offered (I NEVER requested a product!)
How could a loan where I didn't then apply or authorize then proceed without my knowledge? By filing in their "check my rate without impact to credit score", did I inadvertenty, by ignoring their offer, give them authorisation to apply for a loan without my application and do a hard pull?
Obviously alarm bells are going off due to the credit agency breach that somebody else then applied (just seems strange the timing because I DID check a rate). I have sent them an email waiting for a response, but am scratching my head.
If they proceeded in error or due to fraud, can they reverse the hard pull from Transunion - can I dispute it?
I read the small print again on the "check my rate without any impact to credit score" and I can't see ANYTHING that says if I check the rate but ignore the offer, Lending Club themselves can fill out the applicaiton they can proceed regardless 
I was doing so well with my credit building, this has totally thrown me.
