This company promises great interest and returns and is nothing more than a PONZI scheme. They lend money to people through micro loans and there is 100% zero recourse to people that don’t pay. Lending club will have you auto invest in these micro loans to create you a porfolio that will crumble and net you zero profit. If you buy 1000 loans and 25 go bad it will kill your entire portfolio! Lending club is handing out this money as fast as they get it because they make money on the transaction. Stay away from this as you will not make any money what so ever and only have headaches. Your money is non accessable once you invest too!
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This complaint and/or review was posted on Skeptic Files on 14:45 pm, April 13, 2019 (CST) and is a permanent record located at: https://www.skepticfiles.org/scam/lendingclub/.
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Nettie Binford
Received in the mail a notice from this company that touted that I was “pre-approved” for a personal loan. On the first page of the notice it went into detail as to why I was pre-approved. It gave an email address and a pre-approval code for me to utilize when at the site. I followed all of the instructions and received a notice that I was denied but I could try another lender which they conveniently supplied a link for. Aside from falsely advertising that I was “pre-approved” they pulled a bait and switch by sending me to an affiliate lender. This form of advertising is no better then what car dealers have been sited for over and over. They wasted my valuable time by falsely telling me that I was “pre-approved.”
Jesse Sieja
Supposedly he’s the ceo of lending club 2 years ago i was scammed out of $200 when trying to apply for a payday loan,, now since then i’ve reacieved hundreds of emails, phone calls, text messages and to this day i still get at least 1-3 calls a day from companies like this trying to take your information and lie to you by reassuring you that the privatev information you give them will not be shared with anyone or other companies and that’s a lie too. Anything that sounds too goood to be true always is a scam. This time i’m reporting these people before they can get a chance to scam me, this time the name was scott sanbarn but it’s always a different name but the same address, 71 stevenson st., suite 300, san francisco ca, 94105( and the opt-out option isn’t an option either) they still take all the info you give them and share it with whomever they want without any consequences. | Users beware of a scott sanbarn claiming to be the ceo of lending club, using www.Myinstanoffer.com. They sent me several letters saying i’m pre-approved for up to $20,000 loan as long as i respond by 6/26/17 using some rsvp-code but after reading many outscam on this lending club and the several different aliases written about all using the same address 71 stevenson street, suite 300, san francisco ca 94105 i realized this was another attempt to scam a hard working, tax paying american. I just wanted to report them so no one has to feel the embarrassment and deviation that goes along with having a stranger take your money but promising you more money.
Brigette Kolding
These people called me 2 different weeks back to back. The first time I already knew they were on some bull s**t bc they told me they emailed me. I said nope I didnt get an email. They ended the conversation with theyre going to resend the email. This morning they called again. I just politely listened to the man. He caught my attention when he told me his name was John Johnson and gave e a number for Mark Brown. If yu ask me those or too simple of names. Who names their kid John Johnson but their english is so broken. Anyway