Lending Club Review

COMPLETE REVIEW

LendingClub is a solid entry into the world of entities that attempt to be a one stop financing shop. They claim to be “the world’s largest online marketplace connecting borrowers and investors” without providing evidence. Their work seeks to change the game and provide services at a lower rate than their competitors, choosing to pass on whatever savings they make to the borrowers. Innovative companies are always worth looking into because it’s easy to tell that they will use their ingenuity to generate more effective solutions to meeting your needs in the future.

Personal Loans

One of the first things you should look for when finding a loan provider is fairness. Your loan provider has to be willing to see things your way and do everything in their power to find you the best deal. LendingClub fits the bill in this regard. From the get go, they make it a point to mention how important their borrowers are to them and what they will do to enhance the experiences of the people who work with them. They will work with you to find the best possible rate.

Auto Refinancing

Owning a car is one thing. Affording the expenses associated with this machine is something else entirely. LendingClub understands that people’s financial circumstances change. A car loan that you were once able to afford becomes unaffordable in the blink of an eye. Rather than seeking to blame you for your misfortune, they take the high road, deciding to help you make your loan more applicable to your current situation. To alleviate their customers’ concerns, they work with them every step of their way and aim to improve their situation, not make it worse in the process.

Business Loans

Any business owner will tell you that funding is a persistent need of theirs. Business owners have to request funding for a variety of different reasons. When they request their funding, they need to have faith that their request will go through in a timely manner. LendingClub is a friend to the business community. Their trained professionals are standing by to hear whatever requests might come in from local business owners. To enhance the experience of these professionals, LendingClub gives them a multitude of options. Through the course of their discussions, they’re able to come to an agreement that sets the business owner up well for the future.

Patient Solutions

Patience is key in the world of finance. Financial professionals see it all on a daily basis and know what’s coming before it arrives. LendingClub knows that the way they treat the customers that come their way will determine whether these customers will return in the future. In times where customers might be bursting at the seams with stress, they keep their cool. They act like a life raft in the middle of the ocean during one of the worst storms. Even in times of trouble, you know you can depend on this company.

Investing

Financing and investing go hand in hand. Normally, financial companies care very little about anything other than dispensing the funds that are requested from them. LendingClub is different. They want their customers to use their money wisely. Their lending club has produced over $22 billion in investments, which is nothing to shake a stick at. People who don’t even want to use LendingClub as a lender can come to them for wealth management advice. With an investment total that’s so large, getting involved with their investment club is a can’t-miss opportunity.

How it Works

A major misconception exists that financing anything is so difficult that it’s more trouble than it’s worth. Fostering confidence in the process is something on which LendingClub prides itself. They aspire to fix the mistakes their counterparts have made and change the way people think. Signing up for financing through them is easy. Their forms are straightforward. If you have issues with them, you can discuss your concerns with one of their customer service representatives. You will find that the people who work for LendingClub will go out of their way to make you happy. Their goal is to fill their customer base with the most loyal people possible.

About LendingClub

After having such a satisfying experience working through LendingClub’s website, we were disappointed when we came upon their About Us section. We like to read genuine stories about when a company opened their doors and an indication of their aspirations for the future. What we got from LendingClub was a hodge podge of marketing copy that’s present elsewhere on their website. We believe that the effectiveness of their services overcomes this minor issue. We encourage LendingClub to change this page and switch out what’s there for something much more endearing. Doing so would definitely boost the confidence of both their customers and employees.

Privacy Policy

We liked reading the privacy policy on LendingClub’s website because of the language they used and how the entire document was formatted. The length was troubling, but we figure people who know how to read this document will pick and choose the information that’s relevant to them. The odds of someone starting at the beginning of their privacy policy and make it to the end. We got the impression that LendingClub was as dedicated to ensuring that their customers’ information remained private as they were to keeping up the level of quality of their services, which is a good sign.