My Instant Offer from Lending Club Review
- Lets take a deep dive into Lending Club personal loans (loans can range from $1,000 to $40,000)
- MyInstantOffer.com requires the personal funding code to apply
- A personal loan from Lending Club may be a good idea if the applicant has a good credit score, annual income of $79,00, and a low debt-to-income ratio
- All loans made via the MyInstantOffer promotional letter are issued by WebBank (a Utah-chartered Industrial Bank)
The MyInstant Offer Code promotional offer is open to legal residents of the United States who are 18 years of age or older.
In order to apply please visit myinstantoffer.com and provide the RSVP Code from the offer. The RSVP Code will be 12 digits long and consist of both numbers and letters. Applicants who would like to apply over the phone can dial toll-free 855-363-4151.
MyInstantOffer.com Highlights and Lowlights
- Requires a minimum credit score of 600, a minimum credit history of 3 years, and a Debt-to-income ratio of less than 40% for single applications
- Borrowers who can show a hardship are allowed to make interest-only payments for three months (giving them time to get their head back above water)
- In order to qualify for the joint loan, one borrower has to have a score of 600 and above, while the other borrower can have a credit score as low as 540
Other Personal Loans Options
- Prosper (minimum credit score of 640 to apply)
- SoFi (minimum credit score of 660 to apply)
- Discover Personal Loan
Any questions in regards to a pending application associated with myinstantoffer.com can be directed to toll-free 1-888-596-3157 between the hours of 8 am to 7 pm PT Monday to Friday.
Lending Club was founded in 2007 and is headquartered in San Francisco, California at 71 Stevenson St., Suite 1000, San Francisco, CA 94105. Consumers looking to reach out to the Lending Club corporate office can dial 415-632-5600.
Sources
FAQ
How do I access my Lending Club account?
Log into LendingClub and go to the Account Summary page. The Account Summary page will display with several details about your account. 2. Find your account number at the top of your Account Summary Page.
What is the lending club scandal?
LendingClub was founded in 2007 and is a peer-to-peer lender; consumers can take out loans of up to ,000 (£27,654), supplied by a third party, that are then packaged up and sold to institutional investors who want to receive the stream of interest payments in return.
Is Lending Club legitimate?
LendingClub loans are generally pursued by borrowers with good-to-excellent credit (scores average 700) and a low debt-to-income ratio (the average is 12%). Borrowers can file a joint application, which could lead to a larger loan line because of multiple incomes.
How long does it take for Lending Club to approve?
How long does it take to get approved? The whole application, approval, and funding process takes on average 7 business days. In some cases, it can take a little longer. Once a loan is approved and backed by investors, the funds are electronically deposited into your bank account.
What is the lending club scandal?
LendingClub was founded in 2007 and is a peer-to-peer lender; consumers can take out loans of up to ,000 (£27,654), supplied by a third party, that are then packaged up and sold to institutional investors who want to receive the stream of interest payments in return.
Is the Lending Club legit?
LendingClub loans are generally pursued by borrowers with good-to-excellent credit (scores average 700) and a low debt-to-income ratio (the average is 12%). Borrowers can file a joint application, which could lead to a larger loan line because of multiple incomes.
Does Lending Club have an app?
Borrowers using LendingClub don't have an app just yet. Access your LendingClub investor account through a convenient experience optimized for your mobile device. The app was just launched for iOS and Android, but LendingClub is already planning to add more features.
How can I get a personal loan fast?
5 ways to borrow when you need money fastStart with LendingTree. ... Look for personal lenders with fast approval. ... Ask for a loan from a friend or family member. ... Get a cash advance or use a credit card. ... Try a secured loan. ... Payday loans. ... Advance-fee loans. ... Car title loan.
What is the lending club scandal?
LendingClub was founded in 2007 and is a peer-to-peer lender; consumers can take out loans of up to ,000 (£27,654), supplied by a third party, that are then packaged up and sold to institutional investors who want to receive the stream of interest payments in return.
Is the Lending Club legit?
LendingClub loans are generally pursued by borrowers with good-to-excellent credit (scores average 700) and a low debt-to-income ratio (the average is 12%). Borrowers can file a joint application, which could lead to a larger loan line because of multiple incomes.
