Lending Club Complaints

Complaints About Lending Club: What are the genuine reasons?

Mostly people find the services of Myinstantoffer Lending Club the best ones. And fully satisfied with this online peer-to-peer lending company. But complaints about lending club restrict new loan applicants to avail its services.

Some complaints about lending club have some positive aspect while others are genuine. And some complaints are the result of absolute frustration. Therefore, in this post we will examine all the common complaints that borrowers have about the lending club.

You should have the idea that Lending Club is different from other financial institutions. The investors invest money in it which is catered and manages by WebBank. And this bank grants money to the qualified borrowers.

You can apply a loan for the maximum amount of $40,000 which you must pay off in 3-5 years also depending on the lender.

Five latest complaints about Lending Club

Here, we will investigate about the common problems that the borrowers get in while using Myinstantoffer.com Lending Club. Risk factors are more than the allegations but if you successfully come across the eligibility criteria then Lending club approves your loan quickly.

  • Loans with large amount are not accepted

This is the most noted complaint about Lending Club. Mostly people refuse to have a loan form Lending Club. As the loan application criteria is hard to meet.

As a beginner you should have the credit score more than 600. And you can’t overlook this aspect if you want a loan of your choice.

Not only your credit score but your income, financial history, loan amount, loan repay capability all factors are to be considered.

And if you miss any of the given condition you will not have the desire loan may also get rejected.

So, after this you can avail the services of any platform other than Lending Club. But keep this in mind only Lending Club gives you the quick loans.

  • High Interest Rates

Lending Club charges the minimum interest rate i.e. 7% but it goes up to the maximum 14% if you are unable to manage your finance.

To save your thousands of dollars you should follow these steps:

  • Better your credit score
  • Don’t apply for large amount of loans that are beyond your needs
  • Take short term loans i.e. 36-month instead of 60-month.
  • Don’t use credit cards while shopping as it lowers your credit score.
  • Costly Loan Repayment

Some individuals are unable to pay off their loan in time as they cannot afford expensive payments. The maximum amount of loan that you can apply for is $40,000 and Lending Club charge $1000 of monthly payment that is usually higher.

Mostly borrowers cannot afford to have such a hug loan payment.

The best way to avoid this type of situation is to take loan as per your requirement or less than that.

  • Irritating Customer Service

Most of the time borrowers fail to pay the monthly payment and informed through an email or a phone call.

If the borrower still doesn’t respond or make the payment, Lending Club then accumulates the loan and sends the sum.

For instance, if you don’t receive the telephone call or not reply the email and still misses the payment then Lending Club gives you reminder by sending agents which tell you about the missed payments.

This feature of Lending Club faces severe criticism from the borrowers because from constant reminding they get annoyed.

To handle this situation successfully you need to make the payments on time. If you miss the payment for some valid reason, then deal with it in 2 or 3 days.

  • Inaccessibility of Loan in Certain States

Lending Club is not available for the people of West Virginia and Iowa however, it runs successfully in all other American states. If you live in the mentioned areas, then Lending Club services are inaccessible.

Therefore, avail the services of other lending platforms.

Better Business Bureau on Lending Club

The Better Business Bureau maintains that Lending Club is most suitable online lending platform and has given it an A+ rating. Also, Lending Club meets all the standards and certified.

  • CBS News opinion about Lending Club

CBS news reports appreciate the loan collection that earned from the borrowers. The reporters don’t agree with the complaints about Lending Club and asserted that both the borrowers and lenders are happy customers.

Complaints recorded on other Websites

Most of the complaint websites are made to harm the repute of any business organization. The users have anonymous names without any authentic source. Some complaints that are observed on such websites are about pre-approval.


Complaints about Lending Club are diverse in nature and varied with the borrowers. If you carefully examine the complaints, you will get to know that its totally borrower’s fault not the organization.

Borrower should read all the terms and conditions consciously before getting the loan.

Ever Peer-to-Peer Lending Club

Myinstantoffer Lending Club: The First Ever Peer-to-Peer Lending Club

Myinstantoffer.com Lending Club gives you maximum loan of $40,000 for standard period.

If you want to have a new house, to start a business and to pay for your child’s education, you need a significant amount of money.

To secure a loan from Myinstantoffer is an easiest way to finance your financial dreams quickly.

LendingClub works in a second market as purchases loan from other financial institutions. WebBank a customized and insured industrial bank sponsors loan for it.

All the applications at Myinstantoffer Lending Club are operated according to applicant’s credit score, loan tenure and loan amount.

Why Have Myinstantoffer.com Lending Club?

There is drawback to borrow money from other financial institutions and traditional banks that you are to meet the specific eligibility criteria.

Even after the loan approval you can face irregulates like inflexible conditions, haven’t get full amount, exhausting repayment, variable payment amounts etc.

Myinstantoffer.com saves you from this dilemma and facilitates the large amount of loan in short time with low interest rates.

Benefits to Take a Loan from Lending Club


In a critical situation when you want an urgent fund in short period of time myinstantoffer.com helps you out with desire amount, if you meet the certain criteria.


Myinstantoffer.com is pledged to share all the necessary information about its services such as how it works and loan history. As it wants indisputable relationship with you.


Myinstantoffer.com makes sure that the data of all the borrowers keep secure. And it doesn’t sell the personal data of its users. You can be sure that your personal data is safe at LendingClub.

How does lending club myinstantoffer.com work?

To get a loan you need to share your information with lending club as a borrower like income history, loan requirement, credit score, loan repayment capability among others.

Myinstantoffer.com examine your loan application and giving information and then assign you credit grade that will help for the further procession. You credit grade will decide the following things:

  • Interest Rate to repay the loan
  • Loan tenure.

If you successfully meet the eligibility criteria, then your application is processed in minutes and different loan options offer you.

The time span in which you must repay the loan is 3-5 years based on your loan amount. Myinstantoffer.com is working like other physical institution but gives flexibility and low rates to its users.

To know the loan listing you can visit our website www.myinstantoffer.com. Where you can find the loan as per your choice, interest rate, repayments and alike.

After getting your loan you need to repay the monthly payment and lender will get the monthly interest.

Have a loan at myinstantoffer.com/lendingclub

If you are considering myinstantoffer.com to take a loan, then you must know the following features of it.

  • Offers

You can analyze all the loan proposal that we offer with fair terms and conditions. You can also find the best lender offer lower rates.

This thins helps you to save your money and precious time also you refrain from other loan complexities.

  • Rules and Regulations

When you are looking for lenders you must search for the decent rates that offer and terms and conditions of loan amount.

The things that you should know are minimum and maximum loan tenure that lenders offer. And have the information about legal bindings and mentioned Annual Percentage Rate before agreeing with the contract.

  • Loan Processing Time

Myinstantoffer.com gives loan to the people want urgent money. So, observe all the investors completely that want to lend considerable money in specific period.

  • Things to Know as An Investor

There are also certain criteria that are meant for the investors if they are willing to invest in myinstantoffer.com. In individual states of U.S your minimum income should be $70,000 to invest in Lending Club.

It can be greater in other states. Also, you are not liable to invest in myinstantoffer.com/lendingclub if your net worth is more than $250,000.  

And you cannot invest more than 10% of your net worth. The minimum amount that you can invest is $25.

Final Words

If you are looking for an online peer-to-peer lending company that give quick loans at lower rates, then only Myinstantoffer.com is the name. It facilitates borrowers to have instant loans and great opportunities to lenders to invest.