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Is Lending Club friendly to Bankruptcies?

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Member

Is Lending Club friendly to Bankruptcies?

Hi, not sure what category to post this under but just wondering if anyone here has ever been approved for a loan from lending club with a bankruptcy on your report?


Bankruptcy Ch.7 Discharge: November 1, 2019
Starting Score: TU:515 EQ:557 EX:503
Current Score: TU:605 EQ:625 EX:612
Goal Score: 800


Capital One Platinum Card - $300
First Premier Bank Card - $700
My Jewelers Club Card - $5000
Mission Lane Card - $500
Target Red Card - $300

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Message 1 of 10
9 REPLIES 9
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Contributor

Re: Is Lending Club friendly to Bankruptcies?

Did you do the pre-approval link that they offer?

Message 2 of 10
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Member

Re: Is Lending Club friendly to Bankruptcies?

Not yet because I'm waiting for a payoff to update to my credit so my score goes up. Not sure if it matters for the preapproval. 


Bankruptcy Ch.7 Discharge: November 1, 2019
Starting Score: TU:515 EQ:557 EX:503
Current Score: TU:605 EQ:625 EX:612
Goal Score: 800


Capital One Platinum Card - $300
First Premier Bank Card - $700
My Jewelers Club Card - $5000
Mission Lane Card - $500
Target Red Card - $300

Take the myFICO Fitness Challenge
Message 3 of 10
Established Contributor

Re: Is Lending Club friendly to Bankruptcies?

I am 45 months post BK7 and was approved for $38k at 8%.

Discharged BK7 - 7.16.15
Current Fico8 - (09.15.20) EX - 676/EQ - 669/TU - 671
Total CL - $250,862.
Message 4 of 10
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Member

Re: Is Lending Club friendly to Bankruptcies?

Oh wow that's great. My bankruptcy ch 7 is very fresh (discharged Nov 2019) so I'm hesitant to even apply. I got my score up to 650 and I'm mostly just trying for a $5k loan. 


Bankruptcy Ch.7 Discharge: November 1, 2019
Starting Score: TU:515 EQ:557 EX:503
Current Score: TU:605 EQ:625 EX:612
Goal Score: 800


Capital One Platinum Card - $300
First Premier Bank Card - $700
My Jewelers Club Card - $5000
Mission Lane Card - $500
Target Red Card - $300

Take the myFICO Fitness Challenge
Message 5 of 10
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Super Contributor

Re: Is Lending Club friendly to Bankruptcies?

May we ask why a loan already out of BK. Trying to build credit?

Message 6 of 10
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Member

Re: Is Lending Club friendly to Bankruptcies?

I could def use the loan but also to build credit. 


Bankruptcy Ch.7 Discharge: November 1, 2019
Starting Score: TU:515 EQ:557 EX:503
Current Score: TU:605 EQ:625 EX:612
Goal Score: 800


Capital One Platinum Card - $300
First Premier Bank Card - $700
My Jewelers Club Card - $5000
Mission Lane Card - $500
Target Red Card - $300

Take the myFICO Fitness Challenge
Message 7 of 10
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Frequent Contributor

Re: Is Lending Club friendly to Bankruptcies?

I was 8 months post Chapter 7 discharge when I was approved for $12,000


Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 685 TU 684 Ex 674
Goal Score: 700 All 3


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Message 8 of 10
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Member

Re: Is Lending Club friendly to Bankruptcies?

That makes me a little hopeful. Credit karma continuously suggest secured credit cards and sub prime credit cards so I have my concerns about what I'll be able to do with my scores where they are but hoping for a boost once this payoff updates. I am happy to hear that they aren't against bankruptcies though. 


Bankruptcy Ch.7 Discharge: November 1, 2019
Starting Score: TU:515 EQ:557 EX:503
Current Score: TU:605 EQ:625 EX:612
Goal Score: 800


Capital One Platinum Card - $300
First Premier Bank Card - $700
My Jewelers Club Card - $5000
Mission Lane Card - $500
Target Red Card - $300

Take the myFICO Fitness Challenge
Message 9 of 10
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Frequent Contributor

Re: Is Lending Club friendly to Bankruptcies?

 


@daniellie wrote:

That makes me a little hopeful. Credit karma continuously suggest secured credit cards and sub prime credit cards so I have my concerns about what I'll be able to do with my scores where they are but hoping for a boost once this payoff updates. I am happy to hear that they aren't against bankruptcies though. 

Y

you should be good . My scores were similar to yours at the time they pulled TU my score was 614. I just paid the remaining balance of my loan last week I had about 6 more payments left but wanted to get it out of the way

 


 


Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 685 TU 684 Ex 674
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
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