- Report: #1136379
Complaint Review: Lending Club - Nationwide
-
Author Not Confirmed
Why?
Lending Club
Nationwide, USA
Phone:
3475017108
Web:
lendingclub.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Lending Club Installment Loans Payday Loans Fake Names 347 area New York New York
I've received calls from several different 347 area code numbers. Each representative has what I'd consider an Indian accent, and all have what could be assumed fake names. Mark Wardson was the last, but all of the names are very "American", yet all reps have a heave accent. They offer $1000+ loans with no collateral, no paperwork, just "income verification". What they really want is the upfront money they have you put on a card or wire, for $150-$400, depending on the amount of the loan requested. They advertise a low 10%-12% interest rate on an installment loan, but I've read SEVERAL reviews and complaints, all reporting being scammed out of the upfront money. The company will take that money and then ask for more processing fees and the like, that they don't tell you about at first. If you refuse to pay the additional, they keep what you sent to initiate the loan and prove your payment ability. It's a load of crap, and I'm not falling for it. These vultures prey on people with bad credit, and those in tight situations.
They just keep calling from different numbers, but the M.O. remains the same, as do the accents, the fake sounding names, and the fake business names. I've heard "Lending Club", "United Cash Advance", and a couple more. Fake website listings too, but they'll never give you a website of their own to verify who they are. Direct lenders have more to back up their claims and offers. Credit ratings under 620 would not qualify for interest rates under 29%, unfortunately, and ESPECIALLY without collateral or asset consideration. Anybody else in a bad credit situation, DON'T BELIEVE THE HYPE! Find a local credit union and plead your honest case. There are installment loans out there with interest rates in the APR 60% and up range that are more legit, albeit pricey. CREDIT RATING 600 or BELOW, NO COLLATERAL: You'll be lucky to find a 130%-200% APR, or in that range. Anything less could very likely be bullsh*t, so do some research and DO NOT FALL FOR UP-FRONT FEES!!! I've taken out 2 installment loans with APR 135% to 220% in desperation, but those rates are WAY better than what some of these companies will stick you with, and my credit is below 600. Don't settle for the robbery out there until you shop around.
