Lending Club

[Anonymous]

Has anyone hear used Lending Club for debt consoladation ? If so what was your experiance  ?

[Anonymous]

As it happens, I just started the process about an hour ago. Loan for $5K to pay off the last of my tax lien. It was fully funded within 10 minutes of the application. Linked my bank account , and uploaded last three statements. The only thing I'm waiting on now is the little debit to show up so I can verify my bank account.

[Anonymous]

Good Morning , did lending club ask to see your bank statements ? was there any upfront fees  or out of pocket fees , or are they wraped into the loan ?

[thom02099]

If you do a search here on "Lending Club", you will have a variety of threads, some recent, on the very same subject, with detailed responses.

[Anonymous]

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@thom02099 wrote:

If you do a search here on "Lending Club", you will have a variety of threads, some recent, on the very same subject, with detailed responses.

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Agreed.  There has been a lot of talk about Lending club and Prosper.

[Anonymous]

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@Anonymous wrote:

Good Morning , did lending club ask to see your bank statements ? was there any upfront fees  or out of pocket fees , or are they wraped into the loan ?

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Yes, they require the last three bank statements. They can be uploaded directly. Yes, there is an origination fee deducted from the loan proceeds. It varies between 1% and 5% depending on credit worthiness.

[Anonymous]

Actually I did not have to provide bank statements. I had to provide my last W2 and two most recent paystubs. That's all that has been requested so far. I'm attempting to get $35k. My loan shows as funded (it was immediate). I provided the documentation almost immediately because I had it on hand since I just closed on my house about 10 days ago. The deposit came in this morning and I verified it. Just waiting for final approval I guess.

[Anonymous]

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@Anonymous wrote:

Actually I did not have to provide bank statements. I had to provide my last W2 and two most recent paystubs. That's all that has been requested so far. I'm attempting to get $35k. My loan shows as funded (it was immediate). I provided the documentation almost immediately because I had it on hand since I just closed on my house about 10 days ago. The deposit came in this morning and I verified it. Just waiting for final approval I guess.

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I don't have w2's or paystubs since I'm self employed.