FinTech
LendingClub willfully miscommunicated loan repayment and cancellation terms with me on several occasions over the course of more than 30 days. And I was suddenly told there was no such thing as a loan cancellation extension, despite several employees assuring me over the past month that there was. My final creditor issued my refund in the form of a check – and it wasn’t going to make it to me within the 30 days allotted, so I told LendingClub that I indeed needed an extension. I was confused and panicked, and called LendingClub right away because I couldn’t afford both and had acted under the information that I received – that the loan was rejected – and sought another loan. Once a loan is fully funded by investors, the disbursement of funds can typically occur within a few business days. Credit bureaus that have strong processes, security measures, and data protection policies in place are favored by lenders. I was nervous at first but applying because I had never applied for a loan online and didn’t know much about the company. Additionally, Lending Club’s online portal provides borrowers with an overview of their loan status, allowing them to track payments,…Read More
Category : FinTech
