Lending club?

[tnhomestead]

Anyone use them? Offering me a pretty good rate on debt consolidation, 12.99. Wipes out majority of my cc debt, and then I can slow down a bit at work.

[FireMedic1]

Have you looked into CU's for lower interest rates?

[tnhomestead]

Only one I tried was nfcu with no luck. Not too worried about rate, will be paid off in 12 months I hope. 

[shadanat]

I currently have a loan with them. No problems nor issues with them. They even make it wasy to make extra payments.

[MileHigh96]

I had a loan through them, not problem at all with them, very easy to deal with. I paid it off early by refinancing with someone else though because I got a better interest rate.

Would definitely consider them again though.

[smcl1919]

@tnhomestead Just now seeing this. I had a great experience with LC. I have a 40k loan with them since Dec 2021 (60 mo term, 8.59 interest rate/11.26 APR - TU score was 724 when I applied). The process was extremely smooth - no POI check (they did sync to my bank account and could see my work paycheck deposits). I used the loan for debt consolidation - it's provided great peace of mind. Imagine you already took care of your situation, but happy to answer any specific questions about the process if not. I'm also planning to pay-off the loan early (no penalty for prepayment at LC) and currently looking to re-fi for a better APR if possible. 

[MrTom]

This reply is a bit late but better then not.

I did get a loan through lending club.  I actually got $25,000 unsecured from them on a soft pull.  Rates are a little high; but it will be far better then the interest you are paying on the credit cards.

The only 2 things I do not like about them, the ability to pay online and being slow at reporting.

[Unitedstates123]

When will it report to the credit agency's that I have a loan out? 

[Unitedstates123]

How long did it take for the loan to show up on you're credit file. Thank you in advance. 

[Unitedstates123]

How long did it take for the loan to be reported to the credit agency's. Thank you in advance.