Lending Club

[xangoboy]

No. Prosper will just do a soft pull on Ex at first. And if funded, they will do a hard Ex pull.

[dobirdsmommy]

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@ibmrad7 wrote:

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@Anonymous wrote:

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@ibmrad7 wrote:

They don't. Always a SP approval but reports to all three.

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I know it's a SP for pre-approval, but are you sure they don't do a HP before finalizing? Do you have a loan with them?

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Yes. I have a loan with them.

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I just got approved today. They will be depositing my funds tomorrow. All SP. Not one HP.

[Anonymous]

I just applied today. Fully funded in about 10 minutes. Now I'm just waiting for the debit to hit so I can verify my checking account.

[New_Beginning]

How do they report to the credit bureaus? I've read they have a negative impact on credit reports? I'm interesed in doing a bill consolidation loan with them (thinking in a couple of months waiting to see if my EXP score will come up a little more)...curious. Thanks!

[dobirdsmommy]

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@New_Beginning wrote:

How do they report to the credit bureaus? I've read they have a negative impact on credit reports? I'm interesed in doing a bill consolidation loan with them (thinking in a couple of months waiting to see if my EXP score will come up a little more)...curious. Thanks!

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Good Question. June 3rd I will have made 3 payments and they have yet to come up on my CB's at all.

[New_Beginning]

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@dobirdsmommy wrote:

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@New_Beginning wrote:

How do they report to the credit bureaus? I've read they have a negative impact on credit reports? I'm interesed in doing a bill consolidation loan with them (thinking in a couple of months waiting to see if my EXP score will come up a little more)...curious. Thanks!

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Good Question. June 3rd I will have made 3 payments and they have yet to come up on my CB's at all.

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Oh okay...good to know

[Anonymous]

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@dobirdsmommy wrote:

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@New_Beginning wrote:

How do they report to the credit bureaus? I've read they have a negative impact on credit reports? I'm interesed in doing a bill consolidation loan with them (thinking in a couple of months waiting to see if my EXP score will come up a little more)...curious. Thanks!

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Good Question. June 3rd I will have made 3 payments and they have yet to come up on my CB's at all.

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Yes, they have a negative impact because they report as a consumer finance account. I'm also two payments in, and still not reporting.

[Anonymous]

They really need to remove these from the consumer finance category in this day and age of internet lending...their rates beat banks except for credit unions... not even close to the old loan sharking of rural banking....

Any yes they pull Innovis, both hard and soft. Who is IDA?

[Country_Feller]

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@Anonymous wrote:

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@ibmrad7 wrote:

They don't. Always a SP approval but reports to all three.

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I know it's a SP for pre-approval, but are you sure they don't do a HP before finalizing? Do you have a loan with them?

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I have a loan with LC and the approval was a soft pull. So far they have been awesome to deal with.

[Anonymous]

nterestingly enough, I'm no getting tagged with the consumer finance ding for my LC loan.