424B3 1 salessup_20100727.htm Prospectus Supplement (Sales Report) No. 10

Prospectus Supplement (Sales Report) No. 10 dated July 27, 2010

to Prospectus dated May 24, 2010

Filed pursuant to Rule 424(b)(3)

Registration Statement No. 333-151827

 

LendingClub Corporation

Member Payment Dependent Notes

 

                This Prospectus Supplement supplements the prospectus dated May 24, 2010 and provides information about particular series of Member Payment Dependent Notes (the "Notes") that we have recently sold. You should read this Prospectus Supplement together with the prospectus dated May 24, 2010 to understand the terms and conditions of the Notes and how they are offered, as well as the risks of investing in Notes.

 

                We have sold the following Notes:

 

Member Payment Dependent Notes Series 510146

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

510146

$10,750

$10,750

13.98%

1.00%

July 26, 2010

July 31, 2015

July 31, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 510146. Member loan 510146 was requested on July 17, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: OWN Gross income: $2,083 / month
Current employer: appleebees Debt-to-income ratio: 17.95%
Length of employment: 10+ years Location: petroleum, WV
       
Home town:
Current & past employers: appleebees
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/21/10 > this loan will be paid off in 5 years making the min monthly payment on the credit cards takes longer and cost more in interest in the end

 

A credit bureau reported the following information about this borrower member on July 16, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 01/1998 Delinquent Amount: $0.00
Open Credit Lines: 3 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 15 Months Since Last Delinquency: n/a
Revolving Credit Balance: $17,724.00 Public Records On File: 0
Revolving Line Utilization: 72.90% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
I'd like to invest in your loan, but I need answers to these 5 questions first: 1. Do you owe any mortgage on your house? What are your monthly payments? 2. Do you hold the deed/title to the house (a) in your name, (b) with a spouse, or (c) what is your relationship to the person who holds the deed? 3. Do you have a Home Equity Line of Credit (HELOC)? If so, for how much? 4. What is the current valuation of your home on zillow.com? 5. How long have you lived in your current home? Thanks much, and I look forward to supporting you on this loan.$0 mortgage $0 monthly payments house is in my name land is in my fathers no line of credit we own 189 acres valued at 120k? lived here 1 year land has been in family for over 100 years
Hi, I'm interested in funding your loan. Can you please 1. List the items that you will be consolidating (account type, amount consolidated, current rate)? Thanks, and I look forward to funding your loan!paying off 2900 chase card paying off 800 visa card reducing balance of a chase card rate are 12%
Is there a second wage earner in your household and if so how much does he/she earn each month? How much are you currently paying toward the cards that you intend to consolidate? What are their balances, interest rates, and minimum payments?my girl friend 30k year chase 2900 pay 59 cabelas 800 pay 25 chase 14000 pay 305 loan payment plus remainging card balance payment will cost 5 10 dollars more a month than i pay now interest rate are 12%
If your interest rates are 12%, why are you consolidating to get a loan at a higher interest rate (13.98%)?this loan will be paid off in 5 yrs making the min monthly payment on the cards take longer and cost more in interest charges in the end
Hello there, I am interested in financing your loan. But I need you to answer these questions first please: 1. Do you own the title to your home on *own name*? 2. What is the total balance of the mortgage loans and any HELOC you owe on your home? 3. What is the current market value of your home? (use zillow.com if unsure) Thank you.i have already anwsered this i own my home $0 balance home and land are worth app 150k
I am sorry, but I do not follow your calculations. Your credit cards add up to $17,00 and you will use the loan proceeds to pay off a little more than $10,000 of this. Your current cards have an interest rate of 12% and this loan has a rate of 14%. Question 1: Why do you wan to take this loan to pay more in interest than you are already paying? If you apply the same payments towards your cards instead of the loan, you will pay them of faster. 2. Why do you want to pay an extra $510 (according to your previous answer) by taking this loan? I am wondering if this calculation is incorrect? 3. Finally, does your budget allow for an extra $510/month? Thank you.i am not paying $510 the loan is for $250 MONTH FOR 5 YRS add the loan payment to my remainging credit card balance payment and it will cost me $10 more a month than i pay now making min payments on the card it will take 20 yrs to pay off the cards and cost a lot more in interest charges than the loan will this way in 5 yrs the loan will be paid and most if not all my debt will be paid off

 


 

 

 

Member Payment Dependent Notes Series 512484

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

512484

$14,400

$10,450

15.95%

1.00%

July 26, 2010

July 24, 2015

July 24, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 512484. Member loan 512484 was requested on July 10, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $4,500 / month
Current employer: Vertex Environmental Services Debt-to-income ratio: 16.29%
Length of employment: < 1 year Location: Somerville, MA
       
Home town:
Current & past employers: Vertex Environmental Services
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/10/10 > Even though I have only been at my current job for 3 months, it is a very stable and well established position. I have no doubt that I will be able to pay my loan every month on time in full. I am a very good monthly budgeter and have a strict food/expense budget that I stick to each month.

 

A credit bureau reported the following information about this borrower member on July 10, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 12/1996 Delinquent Amount: $0.00
Open Credit Lines: 18 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 19 Months Since Last Delinquency: 71
Revolving Credit Balance: $14,069.00 Public Records On File: 0
Revolving Line Utilization: 79.90% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Can you please explain your deliquency on file? Since this is a debt refinancing loan, please list each of your debts (types/balances/APRs) and identify which ones on the list *will* as well as which ones *won't* be paid off with this loan. Thank you in advance.I'm actually not sure about the delinquency on file. That's probably something I should look into. I should not have any. I am looking to pay of all of my credit card debts with the loan. I have two visas one with approximately 5,000 and one with 4,000. I also have two Chase cards one with 2,000 and one with 1,500. I have a few smaller cards that I'd also like to get rid of due to high APR's. This will be almost exactly the amount of the loan. I'm just trying to simplify my debts so I can begin saving and start fresh. Thanks and I hope you consider helping me out!!

 


 

 

 

Member Payment Dependent Notes Series 518352

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

518352

$10,000

$7,125

11.49%

1.00%

July 22, 2010

July 21, 2015

July 21, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 518352. Member loan 518352 was requested on July 7, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $10,833 / month
Current employer: State of Connecticut Debt-to-income ratio: 3.16%
Length of employment: 10+ years Location: Avon, CT
       
Home town:
Current & past employers: State of Connecticut
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/07/10 > The purpose of this loan is to provide additional working capital for the start up of a CrossFit gym in Farmington, CT. Following the growth of other CrossFit gyms within 20 miles of the proposed location, all are self sufficient within 12 months of opening, one was turning profit at month 7. The chosen location is on a main thoroughfare and is in one of the wealthier towns in the Hartford County. Borrower added on 07/07/10 > The funds received would be used to provide additional working capital for a CrossFit gym in Farmington, CT. For those not familiar with CrossFit, the link to the main site, www.crossfit.com, (Work/Family safe). When preparing the business plan, I checked with other CrossFit gyms in the Hartford, CT area. Three were covering all costs, including business loans within six months of opening. The proposed monthly membership is $150, and I anticipate opening with 10-20 members. Monthly rental costs are $1600 gross. At twenty members, rent and loan payment would be covered and there would be additional money remaining. As for me as a borrower, my credit scores range from 783-790 (as of May 2010). Never missed a loan/mortgage payment ever, and have no issue making monthly mortgage commitment. I work full-time for state government and have been with said employer for approximately 16 years. I have one business partner and we have registered our LLC with the state.

 

A credit bureau reported the following information about this borrower member on July 4, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 12/1988 Delinquent Amount: $0.00
Open Credit Lines: 16 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 42 Months Since Last Delinquency: 30
Revolving Credit Balance: $2,301.00 Public Records On File: 0
Revolving Line Utilization: 4.30% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 2    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Your "Major Purchase" or "Other" category loan is 1 of 299 borrower loans that Lending Club listed today for lender consideration. Lenders are attracted to loans where borrower provided basic DETAILS about their loan; buy a boat and motor, durable household appliances such as refrigerator-freezer, washer-dryer, HVAC system, an engagement ring, or home furniture, etc. and the PURPOSES how, after a loan funds and the required origination fee is deducted, the net proceeds are intended to be spent to benefit the borrower? What are debts that are to be Consolidated? Refinanced? Consolidated? et al. Your listing currently provides very limited or no helpful information that attracts a lenders interest and for them to possibly commit their $ to help fund your loan. Loan remains the 1st class mystery to all lenders. You should provide the basic Details and Purposes about how a loan is intended to benefit you. Minus this information, loan doesn't compete favorably for lenders available funding $. At end of borrower registration process exists the opportunity to add the DESCRIPTION details, purposes, miscellaneous, etc, that will aid prospective lenders. Consider my honest appraisal to be highly positive feedback intended to help you to attract needed lenders $. Lender 505570 U S Marine Corps-RETIRED Virginia Beach, VA Wednesday 07.07.2010I did complete a details about the loan purpose, but lending club stated it would take about one day to post. I appreciate the input. If you're interested, the purpose of the loan is to fund a CrossFit gym in Farmington, CT. I am looking for additional start up capital for the aniticipated 09/01/2010 opening. Most of the CrossFit gyms in the Hartford area were/are self sufficient within 12 months of opening, and I anticipate nothing different. Farmington, CT is one of the more affluent towns in Hartford County and has the demographics to support the monthly membership fees of $150. In addition, there is very little competition in the area and the proposed location is on a main road in Farmington with a lot of commuter and local traffic. If you're not familiar with CrossFit here's the link to the main site, www.crossfit.com (Work and Family Safe). Very popular with military, police and fire. Thanks again.
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.1. Appx $280k 2. $340k. Married and wife also employed.

 


 

 

 

Member Payment Dependent Notes Series 521452

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

521452

$20,000

$20,000

14.35%

1.00%

July 23, 2010

August 2, 2013

August 2, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 521452. Member loan 521452 was requested on July 19, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $7,602 / month
Current employer: Veteran's Health Administration Debt-to-income ratio: 18.80%
Length of employment: 2 years Location: Los Angeles, CA
       
Home town:
Current & past employers: Veteran's Health Administration
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 19, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 09/1997 Delinquent Amount: $0.00
Open Credit Lines: 12 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 24 Months Since Last Delinquency: n/a
Revolving Credit Balance: $38,915.00 Public Records On File: 0
Revolving Line Utilization: 63.60% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
I am interested to help fund your $20,000 Debt Consol category loan. My questions are: Number [1] Employer shows "Veterans Health Administration". You must clarify that. Are you U S Government employee- Dept of Veterans Affairs? Or are you U S Government contractor employee? Number [2] Position (Job/What you do) currently for employer Vet Health Admin ? Number [3] Transunion Credit Report shows the $38,195 Revolving Credit Balance total debt (63.60 pct usage). $ amount may not reflect current actual debts, thus inaccurate; but is only data avaiable. Does debt include Home Equity Line of Credit? (HELOC) If yes, loan $ amount and APR pct are? A-N-D What $ payments per month that are now being paid on all the RCB debts? (Total $ that is actually PAID per month; and not the Credit Card minimum $ payments that are DUE per month.) Number [4] Lending Club is not a "deep pockets" bank with unlimited $. Participating lenders are many small investors; together, we fund chosen loans. You're competing among 350 plus borrowers; ALL want their loan funded. Convince me Why lenders should commit their limited $ to help to fund your loan? Number [5] If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 36-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? 2 to 3-yrs? [Length of Time question asks for the answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loans before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] Advance thanks for FIVE answers that will help other lenders, and myself, to make informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Tuesday 07.20.20101) I am a Registered Nurse at the VA Hospital in LA, I am a federal employee and not contracted. 2) RN in the Operating Room at the West LA VA Hospital. 3) That is the accurate amount that I am aware of, it does not incluse HELOC. I pay $1000-1500 per month on RCB debts. 4) I am working hard to dig my way out of debt, moving to LA and the cost of living here has been a tremendous financial struggle and the economy has affected many people, even nurses. I care very much about my Veteran patients and I would like to remain in my current work location to provide the best care to my patients. I am a reliable person, if you view my credit history it will reflect that I make payments on time and exceed minimum payments as much as possible. My profession requires the utmost in ethical and honest behavior and these values are true in all aspects of my life. I would like to turn around my financial situation and start my own business in the future. 5) It is not my plan to pay off the loan early, I plan to make scheduled payments for the 3 year length of the loan. I hope this answers all of your questions, thank you
How much are you currently paying towards your credit card debt and what are the interest rates on the cards that you're consolidating?I typically make payments between $1000-$1500/month. The lowest interest rates range from 11.99%-18.99% apr
can you talk about how you got into debt and what, if anything, has changed now? how much is your rent? car payment? do you have health insurance?Moving to Los Angeles and keeping up with the high cost of living has been a tremendous financial struggle. My current rent is $1690/mo and car payment is $200/mo. I do have health insurance through my employer. A significant portion of credit card debt was also accumulated during college and nursing school to pay for books, housing, living expenses, etc. that were not covered by financial aid. When I first started working I did not always spend responsibly, however this has been corrected and I have been consulting with a Financial Advisor. It is her advice to consolodate debt and that is how I found The Lending Club.
1.Please list your monthly expenses by type & amount (mortgage/rent , car, utilities, insurance, phone, internet, food, gym, childcare costs). 2.Please list your loan amounts & interest rates that you will be paying off. 3.Are you the sole wage earner? Thanks.1) rent: $1690/mo; car $200/mo payment and $400/6mo insurance; phone $70/mo; cable/internet $128/mo; utilities $40/mo; life insurance/health insurance $130/mo; food $125/mo; student loans $175-200/mo 2) loans to pay off: Visa $8300 @ 14.99%; Mastercard $7000 @ 22.99%; American Express $2300 @ 13.24% and $3400 towards Bank of America line of credit at 12.99% 3) yes I am the sole wage earner
what's your job at the veterans health administration? how did you accumulate $39k in revolving debt?I am a Registered Nurse in the Operating Room at the VA Hospital in West Los Angeles. The debt accumulation began in college and nursing school to cover the cost of books, housing, school materials and transportation, cost of living expenses, etc. Moving to Los Angeles and keeping afloat with the cost of living has been a tremendous struggle financially. In my first two years of working I did not always spend responsibly, but this has since been corrected and I've been meeting with a financial advisor to get a handle on my debt and spending. It is her advice that led me to The Lending Club.
Hi. Lending Club does not share with us what you send to them for loan approval. We only see a credit report. So, could you PLEASE answers these basic financial loan application concerns that enter the minds of many "real people" lenders when Investing $s. If already answered in the manner requested, no need to duplicate, just state "See above". 1) What is your Employer's business type and what do you do/job description there? 2) PLEASE detail Balances, monthly payments & APR of debts to be consolidated with this loan. (Ex CC#1 - $5000@24%=$70mo) Add same information about any other debts affecting your DTI that are not being consolidated (Student Loans, Personal Loans, Other credit cards, etc.). 3) PLEASE detail your monthly budgeted expenses (ex: rent/mortgage, insurance, car, utilities, phone, internet, food, childcare, other loans, credit cards, etc.) showing how the Lending Club loan payment fits into your monthly budget. 4) Any pertinent facts that you think important about financial ability to make payments on this loan if funded. (ex. Backup saving, family assistance etc. if you lost your job.) After answered, I can then evaluate my investing $$$s in your loan. I also read all your answers to the other lender questions too. Thank You.I have answered questions 1, 2, 3 extensively in detail previously, it was my understanding that lenders could view all answers provided to others? 4) I currently pay 1200-1500 dollars a month to credit cards, the amount I applied for throught the lending club would allow me to consolidate payments and have income to pay towards student loans and build savings. I have very little in savings, and so far I have not been able to build much in retirement savings.
Please list your current monthly budgeted expenses. Also, please list the debts/credit cards you intend to pay off with this loan, their current balances, interest rates, and average monthly payment you make on each. Please be sure to answer the ENTIRE question. I will then fund your loan.I have answered these questions extensively in detail to previous lenders, it was my understanding that all information submitted could be viewed on my page by lenders. If this is not the case please let me know and I will be happy to provide you with the information.
Why are you paying off the loans with lower rates than Lending Club?I don't quite understand the question the way it is phrased, I think you are asking why I am paying off lower rate loans with Lending Club loan. I have been meeting with a financial advisor and she advised consolidating credit card balances due to the daily compound interest, thus paying off more of the balance and paying it off more quickly. I hope that answers your question.
You said that you will use "$3400 towards Bank of America line of credit at 12.99%". How much will remain on the line of credit after this payment? Why did your advisor recommend you take out a new loan with a higher interest rate than some of your credit cards?There would still be about 10,000 on the Bank of America line of credit. My financial advisor recommended a consolidation loan due to the daily compound interest on credit cards, and stated that a fixed rate loan would allow for paying off the balance faster and saving on interest in the long run.
Why do you want to use this loan [15% or so rate] to pay off 13.24 and 12.99% loans? That doesn't make mathematical sense to me. Please do not just say "to consolidate" but, rather, provide a mathematically rational reason that makes fiscal sense. ThanksMy financial advisor suggested a fixed rate loan to consolidate because it would save interest in the long term due to the daily compound interest applied by credit cards.

 


 

 

 

Member Payment Dependent Notes Series 530221

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

530221

$19,750

$13,425

11.86%

1.00%

July 26, 2010

July 23, 2015

July 23, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 530221. Member loan 530221 was requested on July 9, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $3,500 / month
Current employer: Amerigas Debt-to-income ratio: 21.00%
Length of employment: 5 years Location: Grants Pass, OR
       
Home town:
Current & past employers: Amerigas
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on June 12, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 09/1996 Delinquent Amount: $0.00
Open Credit Lines: 12 Delinquencies (Last 2 yrs): 1
Total Credit Lines: 15 Months Since Last Delinquency: 18
Revolving Credit Balance: $7,368.00 Public Records On File: 0
Revolving Line Utilization: 22.60% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

 


 

 

 

Member Payment Dependent Notes Series 533329

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

533329

$20,000

$20,000

11.86%

1.00%

July 26, 2010

July 25, 2013

July 25, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 533329. Member loan 533329 was requested on July 11, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $3,750 / month
Current employer: WRScompass, Inc. Debt-to-income ratio: 14.64%
Length of employment: 3 years Location: Lakewood, NJ
       
Home town:
Current & past employers: WRScompass, Inc.
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/11/10 > If approved, I plan to use this loan to jump-start my new business in real estate investing. I currently have an 845 FICO score and am very proud of my credit profile. Being financially responsible and making payments on-time is extremely important to me. Borrower added on 07/12/10 > This loan will be used specifically to pay down some personal credit card debt that I incurred while starting up my real estate investing business. Most of the debt represents books on real estate, consulting services for starting a new business, real estate seminars and office supplies. A brief summary of my business plan involves purchasing bank-owned properties (REOs). The properties will be mainly single family residences purchased from the banks at 60-70% of fair market value. Backed with private money lenders, I can make cash offers with no contingencies and a fast closing of escrow. The short-term loans from the private money lenders will be secured by 1st and 2nd morgages on the properties. I will then do a no-seasoning re-financing of the mortages with local banks, pay the private money lenders back their principle and interest, then rent the properties out to either long-term tenants or do a lease-purchase with pre-qualified tenant buyers. If approved, I plan to expedite the payment of this LendingClub business loan with cash I receive from real estate transactions. This will be made possible by buying at a discount through making cash offers and re-financing with local banks, with a mortgage at the Fair Market Value (FMV) of the properties. The cash I receive at closing, after all applicable costs, fees and taxes have been paid, will be used to pay back both this business loan and my private money lenders.

 

A credit bureau reported the following information about this borrower member on June 18, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 06/1988 Delinquent Amount: $0.00
Open Credit Lines: 3 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 16 Months Since Last Delinquency: n/a
Revolving Credit Balance: $2,575.00 Public Records On File: 0
Revolving Line Utilization: 16.80% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
What's the purpose of the loan? What are your other $ monthly costs (rent, car, utilities, any CC debt/loans not replaced by this loan, insurance, phone/cable/internet, food, gym, childcare/tuition costs as applicable)? Thanks for your answer to these 2 Qs..Thanks for your question. I plan to use the loan to pay down credit card balances. I placed alot of business expenses on my personal credit card when I was starting my new real estate investing business. Most of the charges include real estate training seminars and office supplies. My total monthly budget is approximate $1,000.
Your Small Business category loan is 1 of 300 plus total loans Lending Club listed today for lender consideration. Lenders appreciate the borrowers providing basic DETAILS about their business? Start-up? Established? Products? Services? Targeted clientele? etc. A-N-D provide PURPOSES how, after a loan's origination fee deducted, their loan net proceeds are intended to be spent to benefit either a borrower or business? Website upgrade? Inventory? Expansion? Advertising? Prepaid expenses? Renovating premises? Purchase equipment and or fixtures? "Floor" financing? Or exactly what? etc. Listing provided little or nothing to attract lenders interest and for them to commit $ to possibly help to fund your loan. A small Business category loan is always the hardest loan category to fully-fund because borrowers default rate is highest of all loan categories. Your loan currently remains 1st class genuine mystery to all lenders. You should provide loans basic Details and Purposes how a loan directly intended to benefit you. Minus basic information, realistically loan doesn't compete favorably for lenders available $. At end of borrower registration process exists the opportunity to add description details, purposes, miscellaneous etc to aid prospective lenders. Hope this lender very honest appraisal helps your loan to attract lenders $. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Sunday 07.10.2010Thank you for the question. I started my real estate investing business in October 2009. My basic business plan includes purchasing bank-owned properties (REOs) at 60-70% of fair market value. These purchases will be funded by short-term loans from private money lenders with a simple interest rate of 6-8%. These loans will be secured by 1st and 2nd mortgages on the properties. I will then do no-seasoning re-financing through a local bank and pay back the private money lenders with interest at the refi closing. Finally, I plan to enter into a lease purchase with pre-qualified tenant buyers who will live in the homes while they work with a mortgage broker and if necessary, a credit repair specialist to eventually qualify for a mortagage and purchase the property from my company. The business loan I am currently applying for through the LendingClub is to be used for paying down credit card debt I incurred while I was starting my business. Most of this credit card debt represents real estate books, DVDs and other resources, attending real estate training seminars, and office supplies.
Are you a realtor? What kind of REO homes are you going after? Some needs no work to be done and many need a lot of work before you cant put it on a market. Do you have construction crew set up to do renovations? Have you worked out a deal with them? If you are a realtor, do you have a special agreement regarding how you take your commmissions from your agency?Great question, thank you. I am not a Realtor, I am a real estate investor. I will attempt to work directly with the asset manager at the local banks to make offers on REOs, unless the properties are listed with a real estate broker. I would then of course have to work with the listing agent. I plan to focus on properties that need general cosmetic renovations, such as a new roof, new carpeting, doors, windows, paint, etc. and stay away from properties that have structural issues, such as a cracked foundation. I have a rehab team ready to go and we have an agreement on what each type of work will cost, based on square footage. - Best Regards
Is your real estate business your only source of income? If so, what is your monthly revenue so far, and what are you projections? If not, how long do you plan on staying on at your full time job?Hi, thanks for the question. I have a full time job working as a Project Manager for an environmental remediation company. I plan to work at my job long-term, as long as they need me. We have several 5-year goverment contracts, so I should have "job security" through 2014. I started my real estate investing business as an additional source of income to expedite the growth of my net worth and secure my retirement.

 


 

 

 

Member Payment Dependent Notes Series 533683

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

533683

$11,200

$11,200

7.88%

1.00%

July 26, 2010

August 2, 2013

August 2, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 533683. Member loan 533683 was requested on July 19, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $5,417 / month
Current employer: Chicago Public Schools Debt-to-income ratio: 13.70%
Length of employment: 4 years Location: Chicago, IL
       
Home town:
Current & past employers: Chicago Public Schools
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 19, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 03/1995 Delinquent Amount: $0.00
Open Credit Lines: 11 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 63 Months Since Last Delinquency: n/a
Revolving Credit Balance: $23.00 Public Records On File: 0
Revolving Line Utilization: 0.10% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 2    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Your revolving credit balance is $23. Why are you asking for $11,200?I am not sure what you are looking at. I have a credit card with CitiBank that has a balance of $19,000, and the interest rate goes up at the end of the calendar year.
You're asking for $11,200 for the loan, but your have virtually no revolving credit balance. Can you explain how this money will be used?I have an outstanding loan balance of nearly $19,000 on a credit card. The rate on this card will raise significantly Jan 1

 


 

 

 

Member Payment Dependent Notes Series 533698

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

533698

$14,000

$14,000

7.88%

1.00%

July 26, 2010

July 31, 2013

July 31, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 533698. Member loan 533698 was requested on July 17, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $9,167 / month
Current employer: Endeavor Telecom Debt-to-income ratio: 7.36%
Length of employment: 5 years Location: ATLANTA, GA
       
Home town:
Current & past employers: Endeavor Telecom
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/20/10 > I am seeking this loan to expand my website. Site is already cash flow positive and broke even in 6 months. It generates little over a 1000$ every month in profit. I have hired 2 programmers and a designer to further enhance the site and add several new sections. Also few additional services to clients will be provided over next months. I also plan to hire a search engine optimization specialist to help me push the site to number one spot for main keywords. Return on such investments is usually seen in 3 months. Lastly loan default is not an option for me as you can see I have got excellent credit history, I make over 100k in my regular job. So if anything I can just pay it off from my job, which I don't anticipate at all since I am investing in a already profit making business. I would love to answer any other questions.

 

A credit bureau reported the following information about this borrower member on July 17, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 03/2004 Delinquent Amount: $0.00
Open Credit Lines: 7 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 12 Months Since Last Delinquency: n/a
Revolving Credit Balance: $10,604.00 Public Records On File: 0
Revolving Line Utilization: 23.80% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Your Small Business category loan is 1 of 300 plus total loans Lending Club listed today for lender consideration. Lenders appreciate the borrowers providing basic DETAILS about their business? Start-up? Established? Products? Services? Targeted clientele? etc. A-N-D provide PURPOSES how, after a loan's origination fee deducted, their loan net proceeds are intended to be spent to benefit either a borrower or business? Website upgrade? Inventory? Expansion? Advertising? Prepaid expenses? Renovating premises? Purchase equipment and or fixtures? "Floor" financing? Or exactly what? etc. Listing provided little or nothing to attract lenders interest and for them to commit $ to possibly help to fund your loan. A small Business category loan is always the hardest loan category to fully-fund because borrowers default rate is highest of all loan categories. Your loan currently remains 1st class genuine mystery to all lenders. You should provide loans basic Details and Purposes how a loan directly intended to benefit you. Minus basic information, realistically loan doesn't compete favorably for lenders available $. At end of borrower registration process exists the opportunity to add description details, purposes, miscellaneous etc to aid prospective lenders. Hope this lender very honest appraisal helps your loan to attract lenders $. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Sunday 07.18.2010I am seeking this loan to expand my website. Site is already cash flow positive and broke even in 6 months. It generates little over a 1000$ every month in profit. I have hired 2 programmers and a designer to further enhance the site and add several new sections. Also few additional services to clients will be provided over next months. I also plan to hire a search engine optimization specialist to help me push the site to number one spot for main keywords. Return on such investments is usually seen in 3 months. Lastly loan default is not an option for me as you can see I have got excellent credit history, I make over 100k in my regular job. So if anything I can just pay it off from my job, which I don't anticipate at all since I am investing in a already profit making business. I would love to answer any other questions.
What are your $ monthly costs (rent, car, utilities, any CC debt/loans, other business expenses, insurance, phone/cable/internet, food, gym, childcare/tuition costs as applicable)? Thanks for your answer to this QWell my main expenses are the programmers and content writers. To host the wesbite, I pay 5$ a month right now, which will probably grow a little as I expand the services. But regardless of the expenses, my profit margin is about 40-50% I do hope to be able to expand much further
I'd like to help but have a couple questions first. Can you list your monthly expenses? Can you list all your debt (mortgage(s)/school/credit cards/etc) and include the interest rates for each? Can you list your savings account balance(s) and/or any other kind of emergency funds? Can you list any investments and balances? Are you the sole wage earner in your household or is there another? If there is another, what is your combined income? Can you list the monthly rev numbers for your company? We need to see numbers to assess the risk/reward ratio. W/o it, we'll move on to the next loan.Just talking about biz revenue and expenses, company is already profitable and generates around 600-700$ net cash every month. I could organically grow the company without needing any loans but I think I understand the business to where I can grow rather rapidly if I injected some resources i.e. 2 software developers and a search engine optimization guy. Also adding a content developer. For hedging, I have a good paying job where I get more than 100k / year. So if everything goes against the plan, I can just return the loan amunt from my personal salary.
THE QUESSTION HE IS ASKING ABOUT IS RENT FOOD GAS PHONE ETC. NOT ABOUT BUSINESSI spend close to 2500$ per month including all expenses

 


 

 

 

Member Payment Dependent Notes Series 537090

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

537090

$7,750

$7,750

15.58%

1.00%

July 27, 2010

July 30, 2013

July 30, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 537090. Member loan 537090 was requested on July 16, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $2,000 / month
Current employer: n/a Debt-to-income ratio: 12.20%
Length of employment: n/a Location: Fairfield, CA
       
Home town:
Current & past employers: n/a
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on June 25, 2010:

 

Credit Score Range: 660-678 Accounts Now Delinquent: 0
Earliest Credit Line: 02/2004 Delinquent Amount: $0.00
Open Credit Lines: 5 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 11 Months Since Last Delinquency: 29
Revolving Credit Balance: $678.00 Public Records On File: 0
Revolving Line Utilization: 48.40% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 2    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Borrower Profile does not show either Employer or Length of Employment. What are sources total reported $ Gross Income per month: Annuity? Federal-State-Municipal Civil Service? Disability? Investments? Military-VA Pension? Civilian Pension? Rentals? Social Security? If self-employed, primary occupation? If small business owner, description primary business? Thanks for answers. Lender 505570 USMC-RETIRED Virginia Bch, VA Saturday 07.17.10I recieve $845 in Social Security and $974 in VA Disability per month for life.
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.1) My current balance is $94151.46, with no HELOC. And... 2) It is probably still around 95,000. Thank you.
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.1) $94, 151.46 w/ no HELOC 2) Zillow just gave the amount of $104,000. Thank you.
What are you going to do to improve your home? What do you owe on your home? When was the last time it was appraised and what was the value at that time?Hello, 1) I am of retirement age. My daughter and her children currently live in the house and we are going to do a garage conversion for me to live in. (It is a separate dwelling in the back of the house.) We have aleady found a contractor, received a quote, and have sought the proper permits from the City. This way I can be close, yet still have my own space. 2) Aprox. $94,000 3) It was a probate sale, so it was assesed by the City in late 2009 for $91,000. This is different from an appraised value, but an appraisal was not necesarry for the sale. The lender conducted a thorough inspection though, so it is in good condition, including a clear pest report. Zillow.com just estimated it for $104,000.

 


 

 

 

Member Payment Dependent Notes Series 538677

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

538677

$7,750

$7,750

15.95%

1.00%

July 26, 2010

August 2, 2015

August 2, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 538677. Member loan 538677 was requested on July 19, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $2,083 / month
Current employer: Walmart Debt-to-income ratio: 19.25%
Length of employment: 7 years Location: Marshfield, MO
       
Home town:
Current & past employers: Walmart
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on June 28, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 10/1998 Delinquent Amount: $0.00
Open Credit Lines: 9 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 18 Months Since Last Delinquency: n/a
Revolving Credit Balance: $15,036.00 Public Records On File: 1
Revolving Line Utilization: 66.20% Months Since Last Record: 94
Inquiries in the Last 6 Months: 4    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
How much are you currently paying toward the loans that you're consolidating and what are the interest rates? For any loans that you are not consolidating, what are the balances, interest rates and minimum payments due?The total amount I am paying each month is totaling around $330.00 with rates averaging around 22-23%
Can you explain the public record on file?Bankruptcy filed in 2002. Credit card companies giving teenagers credt cards with high credit were to blame. Was married at the time which helped rack up the balances. Divorced which left me with the debt. Engaged a year later with a baby on the way and one income. Something had to give. More info than what you wanted I'm sure, but figured I'd give the reason why.
Your credit report as we (the individual lenders) see it shows your total current debt as ~$15,000. You are requesting $7,750. Please explain the discrepancy. To help us determine how likely repayment will occur, please answer ALL the following questions: 1) What is your position at Wal-mart? 2) Please list out the balances and interest rates on ALL your current debt individually. Please indicate which will be paid and which you will be keeping. 3) Are you the sole wage owner in the household? 4) Please list out your current monthly expense ( rent, food, utilities, gym, etc) Thanks!The current debt is incorrect on TransUnion and Equifax. It is showing join accounts that I have been removed from. Experian is the correct amount give or take. 1) I am a Dept Manager at Walmart, and have been for several years. 2) Capital One $4635.78 17.9% Merrick Bank $3246.12 24.45% All other accounts have been paid, with payments waiting to post. These are the remaining 2 with balance. 3) My income is now the sole income in my house, which is the reason for the loan request. 4) Rent $485 Utilites $80 Internet/Phones $150 Food/Gas $150 Insurace $75
I want to help fund your loan. I would appreciate the answers to the following dilemmas. First, I don't understand how a family of 3 [you, wife and kid-who-was-on-the-way-in-2002 could spend only $150 a month in food and gas. This amount does not sound realistic even for food alone, because it would mean your cost of food is under $2 per person per day. Assuming your entire family drives only 500 miles a month and your car gets 25 mpg and gas costs only $2.50 a gallon and your car never needs repairs-or-maintenance (!), your gas and car upkeep would come to $50 a month, i.e., your food for all 3 of you would be only $100/mo, i.e., $1 a day per person. This is pretty impossible. So, please update your expense estimate, including car upkeep/repair, medical expenses (surely you occasionally have some), household supplies and over-counter meds (e.g., vitamins, etc), and all other expenses. Second, I can't help but notice you spend $150/mo over 7% of your gross income, on Internet and phone, the same as you *say* you spend on food and gas. This choice of how to manage your priorities is confusing to me, and some explanation of it would be appreciated.My apologies for the confusion. My income is now the sole income of the house because I live by myself. Since I live by myself it is very easy to eat on just a few dollars a day. I drive 2 miles to work 5 days a week and very rarely go anywhere else. The $150 for internet and phone, is for internet, cable, house phone, and cell phone. I don't go to the doctor and rarely need OTC meds. All maintenance on my vehicles I do myself and rarely need repair, due to the short distance to and from work.

 


 

 

 

Member Payment Dependent Notes Series 538714

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

538714

$12,000

$12,000

11.49%

1.00%

July 22, 2010

July 22, 2015

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 538714. Member loan 538714 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $2,333 / month
Current employer: WAUSAU FINANCIAL SYSTEMS Debt-to-income ratio: 16.33%
Length of employment: 4 years Location: LYNN, MA
       
Home town:
Current & past employers: WAUSAU FINANCIAL SYSTEMS
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/09/10 > I am planning to move from Boston to Hawaii in the near future. I currently finance my car through Toyota Financial Services. TFS does not allow me to ship my car out of the continental US while in contract with them. So I needed to find alternative financing because I really love my car and plan to take it with me but do not have the personal funds to pay it off on my own right now. I chose to request a personal loan to payoff my car loan and lower my auto insurance by owning the car and no longer obligated to pay the higher premium that comes with financing.

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 12/2005 Delinquent Amount: $0.00
Open Credit Lines: 7 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 12 Months Since Last Delinquency: n/a
Revolving Credit Balance: $3,888.00 Public Records On File: 0
Revolving Line Utilization: 30.10% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
"Major Purchase or "Other" category loan is 1 of 300 plus loans that Lending Club listed today for lender consideration. Lenders attracted to a loan where borrower provided basic DETAILS about loan; buy a boat and motor, household appliances (refrigerator-freezer, washer-dryer), HVAC system, engagement ring, home furniture, etc. and the PURPOSES how, after the loan funds and the required origination fee is deducted, the net proceeds are intended to be spent to benefit borrower? Debts that will be consolidated? Or refinanced? Listing provides very limited, or no, helpful information to attract lenders interest and to commit their $ to help fund your loan. Loan remains 1st class mystery. Provide basic Details and Purposes how loan is intended to benefit you. Minus information, loan doesn't compete favorably for lender funding $. End of registration process exists opportunity to add the DESCRIPTION details, purposes, miscellaneous, etc, that aids lenders. Consider my honest appraisal a highly positive feedback intended to help you to attract needed lenders $. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Friday 07.09.2010I Thank you for your advice and knowledge. I require the loan to payoff my auto loan through Toyota Financial Services. Instead of Auto-refinance, which would have been approved with much less effort on my part, I wanted a personal loan to help lower my auto insurance and make it possible for me to ship my car out of the Continental US to Hawaii. The loan would take the place of my monthly car payments, which would mean I am not taking on a new debt but simply transferring it to a different lender to better accommodate my personal situation.
What do you plan to use this loan for? If you were to provide a loan description, what would it say?I am planning to move from Boston to Hawaii in the near future. I currently finance my car through Toyota Financial Services. TFS does not allow me to ship my car out of the continental US while in contract with them. So I needed to find alternative financing because I really love my car and plan to take it with me but do not have the personal funds to pay it off on my own right now. I chose to request a personal loan to payoff my car loan and lower my auto insurance by owning the car and no longer obligated to pay the higher premium that comes with financing.
Hawaii... Oahu? Do you have a job lined up there?Yes Oahu, I will be moving in with my Parents until I can maintain myself financially. I have a job lined up and waiting for me. Also my parents have agreed to a 6 month grace period in which I can take advantage of being their child and mooch off them, living rent free, so that I may replenish my savings and move out asap.
Have you provided Lending Club with your address and related information for your Oahu residence?No, I do not feel it necessary to do so at this time.

 


 

 

 

Member Payment Dependent Notes Series 539181

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

539181

$11,500

$7,875

17.56%

1.00%

July 22, 2010

July 13, 2015

July 13, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 539181. Member loan 539181 was requested on June 29, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $3,200 / month
Current employer: Lansberry trucking inc. Debt-to-income ratio: 22.22%
Length of employment: 2 years Location: morrisdale, PA
       
Home town:
Current & past employers: Lansberry trucking inc.
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on June 10, 2010:

 

Credit Score Range: 660-678 Accounts Now Delinquent: 0
Earliest Credit Line: 12/1996 Delinquent Amount: $0.00
Open Credit Lines: 11 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 14 Months Since Last Delinquency: 48
Revolving Credit Balance: $7,802.00 Public Records On File: 0
Revolving Line Utilization: 81.30% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 2    

 

 


 

 

 

Member Payment Dependent Notes Series 540476

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

540476

$25,000

$16,275

13.23%

1.00%

July 27, 2010

July 26, 2015

July 26, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 540476. Member loan 540476 was requested on July 12, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $5,167 / month
Current employer: ISD 701 Hibbing public schools Debt-to-income ratio: 19.14%
Length of employment: 10+ years Location: Chisholm, MN
       
Home town:
Current & past employers: ISD 701 Hibbing public schools
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 1, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 03/1993 Delinquent Amount: $0.00
Open Credit Lines: 16 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 39 Months Since Last Delinquency: 56
Revolving Credit Balance: $10,849.00 Public Records On File: 0
Revolving Line Utilization: 18.20% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
595101 Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.The current balance of the mortgage is 82,000.00. My home was appraised at about 134,500.00. Thanks for your interest. If you need anymore information,let me know.
I am interested to help fund your $25000 Debt Consol category loan. My questions are: Number [1] Position (Job/What you do) currently for employer Hibbing Schools? Number [2] Transunion Credit Report shows the $10849 Revolving Credit Balance total debt (18.20 pct credit usage). $ amount may not reflect current actual debts, thus inaccurate; but is only data avaiable. What $ payments per month that are now being paid on all the RCB debt? (Total $ that is actually PAID per month; and not the Credit Card minimum $ payments that are DUE per month.) Number [3] $25,000 loan; $10,849 is Revolving Credit Balance; $14,151 is the extra cash that will be received (less a loan's origination fee) that is either consolidating, or that is refinancing, what specific debt that is not currently included in credit report Revolving Credit Balance total debts? Number [4] If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 60-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? 2 to 3-yrs? 3 to 4-years? Or use 5-yrs maximum time allowed? [The Length of Time question asks for the answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loans before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] Advance thanks for FOUR answers that will help other lenders, and myself, to make informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Thursday 07.15.2010I am an elementary school teacher. I've taught there for 24 years. 2. Around 350-400 dollars per month 3. I have a personal loan thru Discover that is 273.00 per month. I have 11,400 left on it. I have a 1004.00 balance left on a car loan also. 4. In the past I have been able to pay some loans off in full. It usually takes 2-3 years for me to do this. If I have the opportunity to do so on this loan I certainly will.
Loan listed 6 days; 19 pct funded. Reason why little funding because application still does not show Employment-Income verified and Credit Review was completed. Review Status does not show Approved for issue when 100 pct funded, or minimum 60 pct partially funded. and the 14 listing days expires. If contacted by a Credit Reviewer and income documents were submitted, you need to FOLLOW-UP. Ask Credit Reviewer why not completed? Why Review Status was not upgraded to Approved? If not contacted by a Credit Reviewer, you need to initiate contact ASAP. The Member Support email-toll free telephone number are: (support@lendingclub.com 866-754-4094). Member Support is open Mon - Fri 8AM - 5 PM PT; is closed Sat, Sun, CA, US Holidays for live telephone calls. Emails received 24/7. Answering machine and Fax Machine available 24/7. Time is short for lon to 100 pct fund. Lender 505570 USMC-RETIRED Virginia Bch, VA Sunday 07.18.2010Thanks I did send my employment papers in to Lending Club.did not hear about credit report verification. I did call the toll free number and inquired about my income verification. I was told that they had received it and if they had any questions they would contact me.
Please explain your delinquency 56 months ago?My husband has the credit card you are referring to and my name is also on it. He had an issue with a late payment. They claimed they never got the payment. He did pay it but I have no idea what happened. He was trying to straighten it out but ended up paying it in the end. As you can see that is the only blemish on my credit score. I hope it will not prevent you from helping me. I'm running out of time. Thanks.

 


 

 

 

Member Payment Dependent Notes Series 541733

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

541733

$25,000

$17,575

10.75%

1.00%

July 23, 2010

July 22, 2013

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 541733. Member loan 541733 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $6,000 / month
Current employer: HOPE Consulting Inc. Debt-to-income ratio: 12.58%
Length of employment: 9 years Location: FRANKLIN PARK, NJ
       
Home town:
Current & past employers: HOPE Consulting Inc.
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 5, 2010:

 

Credit Score Range: 780+ Accounts Now Delinquent: 0
Earliest Credit Line: 05/1988 Delinquent Amount: $0.00
Open Credit Lines: 11 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 18 Months Since Last Delinquency: n/a
Revolving Credit Balance: $812.00 Public Records On File: 0
Revolving Line Utilization: 1.50% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Your "Major Purchase" or "Other" category loan is 1 of 299 borrower loans that Lending Club listed today for lender consideration. Lenders are attracted to loans where borrower provided basic DETAILS about their loan; buy a boat and motor, durable household appliances such as refrigerator-freezer, washer-dryer, HVAC system, an engagement ring, or home furniture, etc. and the PURPOSES how, after a loan funds and the required origination fee is deducted, the net proceeds are intended to be spent to benefit the borrower? What are debts that are to be Consolidated? Refinanced? Consolidated? et al. Your listing currently provides very limited or no helpful information that attracts a lenders interest and for them to possibly commit their $ to help fund your loan. Loan remains the 1st class mystery to all lenders. You should provide the basic Details and Purposes about how a loan is intended to benefit you. Minus this information, loan doesn't compete favorably for lenders available funding $. At end of borrower registration process exists the opportunity to add the DESCRIPTION details, purposes, miscellaneous, etc, that will aid prospective lenders. Consider my honest appraisal to be highly positive feedback intended to help you to attract needed lenders $. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Thursday 07.08.2010I amplanning to use the loan for the following purposes a) Taking couple of professional skill upgradation courses. b) Cash Flow buffer during the course period just in case, it is needed.
Hi. Your financials look good, but can you tell us what you are going to do with the loan? It's a large one. Thanks, and good luck with your loan.I amplanning to use the loan for the following purposes a) Taking couple of professional skill upgradation courses. b) Cash Flow buffer during the course period just in case, it is needed..
What's the purpose of the loan? What are your other $ monthly costs (rent, car, utilities, any CC debt/loans not replaced by this loan, insurance, phone/cable/internet, food, gym, childcare/tuition costs as applicable)? Thanks for your answer to these 2 QsI amplanning to use the loan for the following purposes a) Taking couple of professional skill upgradation courses. b) Cash Flow buffer during the course period just in case, it is needed. My monthly costs are Rent, Car, utilities (approx USD 3000)..I do not have CC debt.
Let me help you out. The reason 3 lenders have asked the same question should be cause for concern; we tend to be attracted to loan request that clearly indicate what the loan will be used for, as mentioned by Lender 505570. Ambiguous or brief descriptions typically give us little to no incentive to invest OUR money. One could expect a brick and mortar bank or credit union to be far more scrutinizing. 1. What is "HOPE Consulting Inc." and what do you do there? 2. Are you the sole wage earner in your household? 3. Exactly what "professional skills" will you be improving? 4. What type of institution (online, community college, university, etc.) will be facilitating these courses? 5. Gross income = $6k / mo - why do you need a "cash flow buffer?" 6. Contact Lending Club to request expediting employment verification - this makes you a 'real' person to us, and just as with your description, can help quickly fund your loan request. USMC honorably discharged, LAPD retiredType your answer here. It is an Design Engineering Services firm mainly into outsourced design/detailing services and am responsible for development activities. If I get the loan, I am planning to enroll in full time courses relating to Product Lifecycle Management (PLM) & SCM applications from private institutions and that is the reason for the buffer too as I am the sole wage earner. Lending Club had asked for Tax/employment information which I have provided to them.
How long will it take you to complete these courses? Do you indend to quit your job to obtain this education?It would take 14-16 weeks to complete the course and I would be on LWP during the duration.

 


 

 

 

Member Payment Dependent Notes Series 542043

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

542043

$25,000

$16,925

11.86%

1.00%

July 26, 2010

July 25, 2015

July 25, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 542043. Member loan 542043 was requested on July 11, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $6,300 / month
Current employer: Southwest Airlines Debt-to-income ratio: 23.92%
Length of employment: 9 years Location: Sykesville, MD
       
Home town:
Current & past employers: Southwest Airlines
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/11/10 > I am trying to get out of DEBT. The banks aren't lending money and I can't continue to pay these high interest rates and payments yet I don't want to default on my bills. I am trying to do the right thing! With this loan I can pay off alot of my debt. Thanks!

 

A credit bureau reported the following information about this borrower member on July 5, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 10/1980 Delinquent Amount: $0.00
Open Credit Lines: 19 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 51 Months Since Last Delinquency: n/a
Revolving Credit Balance: $20,579.00 Public Records On File: 0
Revolving Line Utilization: 38.30% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
THIS DETAILS WHAT YOU DO TO ATTRACT LENDERS INTEREST AND COMMITTED $$. NO questions asked; NO answers required. Email's only FYI. After Lending Club Home Office less than $1 deposit verifies your bank account, the next step is borrower Employment-Income verification, "Credit Review". Employment - income verification is independent of one another. Home Office Credit Reviewer contacts you by email or telephone. Reviewer tells you for loan category and $ value what income document to submit- 2 Earnings Statement, Direct Deposit receipts, the 2009 IRS 1040, or if self-employed or small business owner, an IRS Form T4506 Request For Copy Income Tax Return. Reviewer will provide Fax Machine telephone number and will indicate doc, or pdf format if document sent via email. When Credit Review completed the application lenders see reflects Credit Status "Approved" for $ funded loans bank deposit. An Appproved Credit Status benefits borrower because:(1) Loan attracts lenders waiting until review process completed before committing $. (2) After completed, funding pace will quicken. (3) After loan funds, net $ can be deposited quickly into already verified bank account. Credit Review the "KEY" for borrower's loan funding. Consider the Credit Review proactive; it can be completed quickly if borrower initiated. CREDIT REVIEW SHOULD BE COMPLETED EARLY. WAITING UNTIL LISTING END CREATES CHAIN-REACTION DELAY IN APPROVAL, FUNDING AND DEPOSITING $. Credit Reviewer goal to complete required borrower Credit Review within 3-days after loan listed. If the Credit Reviewer does NOT contact you within 2-days after loan's list date, AFTER verifying less than $1 deposit posted bank account, ASAP initiate contact the Credit Review. Refer to "CONTACT US" the bottom Home Page. Member Support Department open Mon - Fri 8AM - 5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; the answering machine available 24/7. Fax Machine is available 24/7. Earlier a Credit Review finished, loan "Approved" for issue, means sooner loan attracts lenders who commit their $ to fund it. Borrowers who take excessive time for Credit Review to be completed because of their procrastination, then their loan's $ funding lags FAR BEHIND loans listed same day, Credit Review quickly finished in 1 day, and the loan Approved for later issue. The lenders roles are exclusively to fund selected loans; and to ask necessary clarifying questions. A Home Office Credit Reviewer only person who conducts the borrower employment and income verification. They are only person to whom borrower sends ALL required income documents. EMAIL DOES NOT ASK QUESTIONS. is medium used for all lender-borrower communications. I'll revisit later, then ask questions. This Information benefits 1ST time borrower. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Sunday 07.11.2010Type your answer here.Thanks for the information!
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.Type your answer here. I owe about $298,000.00 (maybe alittle less) on my mortgage. Its the only one I have. January 2009 I had an appraisal done for $380,000.00. Values have changed some of course but that is the latest appraisal I have. Thanks!
Hi there, Your current revolving credit balance reflects just under $21,000.00 yet you are asking for $25,000.00. What is the extra to be used for? Also, please outline the balance of each credit card you are looking to pay off, with their respective interest rates and how much you send to each on average. (i.e. CC#1 $5,600 @ 22.99%, $225.00). Thanks in advance for your answers.Type your answer here. I owe $12,483.@15.24%,$250.00, $4,400@25%, $143, $1,500 @ 25%, $80.00, $1,500@ 25%, $50, $1,000 @25%, $50, $2,600 @25%, $81. The rest is going to be used to pay off college costs for my daughter who is going to be moving to Savannah for school.
1.Please list your monthly expenses by type & amount (mortgage/rent , car, utilities, insurance, phone, internet, food, gym, childcare costs). 2..Are you the sole wage earner? Thanks.Type your answer here.$2025 mortgage, $71 utilites, $250 car insurance, $55.51 internet, $200 food, $182 for cell phone and wireless router, $100 entertainment. 2. yes, I am the sole wage earner
How long IN YEARS do you intend to service (keep) this loan before full payoff?Type your answer here.I would like to pay it off in 4 yrs.

 


 

 

 

Member Payment Dependent Notes Series 542206

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

542206

$21,000

$21,000

11.49%

1.00%

July 27, 2010

July 30, 2013

July 30, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 542206. Member loan 542206 was requested on July 16, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $8,400 / month
Current employer: General Dynamics Debt-to-income ratio: 7.02%
Length of employment: 4 years Location: Centreville, VA
       
Home town:
Current & past employers: General Dynamics
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/16/10 > Need to consolidate my debt and make one payment. Borrower added on 07/19/10 > I had answered several questions via the web site, however I don't see them posted. I am requesting the loan to consolidate my credit card debt. I have outstanding balances from Chase Bank, Captil One, and Macy's all averaging approx 20-22% APR. I plan on closing these accounts. My husband and I own a house valued at $588K (zillo.com) and mortgage is $336K. We do not have an outstanding line of credit or 2nd mortgage. My goal is lower my interest payment and pay off my debit within 3 years.

 

A credit bureau reported the following information about this borrower member on July 16, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 09/1997 Delinquent Amount: $0.00
Open Credit Lines: 12 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 24 Months Since Last Delinquency: n/a
Revolving Credit Balance: $18,598.00 Public Records On File: 0
Revolving Line Utilization: 70.20% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Please enter a loan description - let lenders know details about what you're requesting the money for. What are the debts you will be consolidating? What APR are you paying now and how much will you save with this loan? You're requesting $21k but only have about $19k outstanding, why the extra?I want to consolidate credit card debt. I have two Chase accounts (one peronal - one Mary Kay) the Mary Kay business isn't doing as well as i thought so paying with personal funds together those are $13K at 22% APR. I have a Capital One at $4K and $1K, and a Macys at $2K - all around 20%. I added up $21K. I don't want more than to consoldiate the debt and make one payment.
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.The balance is $336K and do not have a line of credit on the home. At zillo.com value is $588K.
No loan description generally results in no loan. Let me help you out. 1. What is General Dynamics and what do you do there? 2. Employment for at least 5 years. 3. Monthly mortgage. 4. Loan request = $21k, revolving credit balance = $18k - what is the additional $2k for? 5. Itemize your revolving credit balance. 6. Are you the sole wage earner in the household, and if not how much is the additional income? 7. If you loan request is fully funded, what methods will you implement to ensure future debt is more manageable?I am not sure why the information wasn't posted as I thought I did answer these when I applied. Also, I must have added incorrectly; I counted $21K in credit card debt. I am only interested in consolidating my debt to reduce my interest. I also plan on closing my credit accounts and seeking a financial advisor. My mortgate is $2,382. I am not the sole wage earner; my husband brings home approx $3,400/mo. He is not on my credit cards.
Loan descriptions are helpful in generating lender interest in your loan. Without a loan description, it's less likely your loan will be funded in a timely manner (if at all). Can you give a detailed description of what the proceeds from this loan will be used for, how you accrued this debt, etc? Also, since this is a "Debt Consolidation" loan, could you please list the debts you plan to consolidate with the proceeds of this loan including their amounts, interest rates, and the financial institutions at which they are held? Thanks ahead of time for all of your responses. And a shout out to someone from Centreville from a Vienna local.I want to consolidate my credit card debt. I have two Chase accounts one approx $8K, the other $5K. The one was for Mary Kay business that isn't pannin out. Trying to sell my remaining inventory even at a loss to help pay off the debt. I also have two Capital One - $4K and $1K. The other is Macy's $2K. All are running between 20-22%. I also plan on canceling the credit cards once paid off. thanks!
I am interested to help fund your loan. My questions are: Number [1] Position (Job/What you do) currently for employer General Dynamics? Number [2] Transunion Credit Report shows the $18598 Revolving Credit Balance total debt (70.20 pct usage). $ amount may not reflect current actual debts, thus inaccurate; but is only data avaiable. What are $ payments per month that are now being paid on all the RCB debt? (Total $ that is actually PAID per month; and not the Credit Card minimum $ payments that are DUE per month.) Number [3] Lending Club is not a "deep pockets" bank with unlimited $. Participating lenders are many small investors; together, we fund chosen loans. You're competing among 350 plus borrowers; ALL want their loan funded. Convince me Why lenders should commit their limited $ to help to fund your loan? Number [4] If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 36-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? 2 to 3-yrs? [Length of Time question asks for the answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loans before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] Advance thanks for FOUR answers that will help other lenders, and myself, to make informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Monday 07.19.20101. I am a program finance manager and have will have been her 5 years in August. 2. When I totaled the payments I was making on the credit card bills it came to 859.00 which is why I decided that a consolidation loan would be best. 3. I want to get rid of my debt as soon as possible. I feel overwhelmed right now. I want to close the accounts once I have paid off. I plan to keep only card in case of an emergency. 4. I expect to use the 3 years to pay off the loan. If I get extra income from selling off my Mary Kay inventory - all that money will go to paying the loan off early.
do you have an emergency fund and if so, how much? how much equity do you have in your home? Do you have other debts (auto, school loans, etc) ?No, I do not have an emergency fund. I have a 401K through my job that I could access in an emergecny. My husband also has a separate account that we could use if needed. I do not have auto loan. I do have a school loan for my son, $23K. I was able to pay down the principal so i don't even need to start paying now however I pay $100 month. I have about $250K of equity in my home if zillow.com is accurate.
Hi: Could you give prospective lenders an idea of your monthly budget, value of your home and amount outstanding on your mortgage, and your role at General Dynamics? Thanks.I don't think my answers are getting posted. I will send an email to the administrators. The value of my home is $588K (zillow.com); outstanding mortgage is $336K. i have no line of credit or 2nd mortgage. I am finance manager at GD and will have been with the company 5 years in August. We have two incomes in our household, however the credit card debt is mine and would like to eliminate it. I am going to close my accounts. Our monthly budget - to include all monthly/quarterly bills is approx $4,300. I am hoping to reduce my monthly by approx $300 with the debt consolidation.

 


 

 

 

Member Payment Dependent Notes Series 542332

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

542332

$25,000

$15,725

11.49%

1.00%

July 22, 2010

July 21, 2015

July 21, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 542332. Member loan 542332 was requested on July 7, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $5,090 / month
Current employer: Oakwood Worldwide Debt-to-income ratio: 20.84%
Length of employment: 1 year Location: LOS ANGELES, CA
       
Home town:
Current & past employers: Oakwood Worldwide
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/07/10 > I will use this loan for debt consolidation. I have an excellent payment history and a stable income, and the payments will fit easily into my monthly budget. Borrower added on 07/13/10 > This loan would enable me to climb out of debt rather than only make payments of just over the minimum amounts on different credit cards.

 

A credit bureau reported the following information about this borrower member on July 7, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 07/1993 Delinquent Amount: $0.00
Open Credit Lines: 12 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 20 Months Since Last Delinquency: n/a
Revolving Credit Balance: $8,412.00 Public Records On File: 0
Revolving Line Utilization: 35.30% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Why do you need $25,000 if your revolving credit balance is only $8,400?My total credit card debt currently exceeds $25,000.

 


 

 

 

Member Payment Dependent Notes Series 542664

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

542664

$21,250

$21,250

15.95%

1.00%

July 27, 2010

July 22, 2013

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 542664. Member loan 542664 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $4,667 / month
Current employer: Richard & Richard Construction Debt-to-income ratio: 21.69%
Length of employment: 10+ years Location: San Marcos, CA
       
Home town:
Current & past employers: Richard & Richard Construction
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/12/10 > Thank you for your consideration. I am requesting this loan to consolidate my consumer debt with a lower rate. My income is stable, as well as my job, as you can see, I've been employed with the same company for almost 11 years. I have made regular payments on my outstanding debt comfortably, and always pay well above the minimum payment due, I have never had a delinquent account and never pay late, as the details of my risk profile will no doubt indicate. I'm simply looking to have only 1 payment versus several with a fixed interest rate. Best case scenario, I'd like to have this loan paid off before the end of the 36 month term. Thank you.

 

A credit bureau reported the following information about this borrower member on July 6, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 06/1995 Delinquent Amount: $0.00
Open Credit Lines: 24 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 44 Months Since Last Delinquency: 74
Revolving Credit Balance: $26,066.00 Public Records On File: 0
Revolving Line Utilization: 36.80% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Lenders view the loan application featuring the Borrower's Profile [Employer and Employment Length, Monthly Gross Income, Home Ownership, Location, Debt-to-Income Ratio]; The highly condensed Transunion Credit Report [Line totals, i. e, the Revolving Credit Balance total debt but not each balance that could be owed to the possible credit grantees such as Amex, Home Depot, Lowe's, MC, Visa, etc]; And finally, if provided, an optional narrative description. I am interested to help fund your $21,250 CC REFI category loan. My questions are: Number [1] Position (Job/What you do) currently for employer Richard and Richard Constructio Co? Number [2] Transunion Credit Report shows the $26,066 Revolving Credit Balance total debt (36.30 pct credit usage). What $ payments per month that are now being paid on all the RCB debts? (Total $ that is actually PAID per month; and not the Credit Card minimum $ payments that are DUE per month.) Number [3] Lending Club is not a "deep pockets" bank with unlimited $. Participating lenders are many small investors; together, we fund chosen loans. You're competing among 300 plus borrowers; all want their loan funded. Please briefly explain why lenders should commit their limited $ to help to fund your loan? Number [4] If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 36-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? Or use the 3-yrs maximum time allowed? [The Length of Time question asks for answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loan before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] Advance thanks for FOUR answers that will help other lenders, and myself, to make informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Friday 07.09.2010Hello. Sorry, I'm just not seeing the question you asked! 1. I am an Executive Assistant to the President/CEO of Richard & Richard Construction Co. 2. Right now I am paying approx. $900-$1000 on my revolving credit balances. I always pay more than the minimum as I'm just trying to get it paid off, with the constant increasing interest rates, it's been difficult to make serious dents, which is why I would like to have just one payment. 3. I would like potential lenders to consider me because if you view my credit and employment history, you will see that I'm a worthy candidate. My goal in the next 2-3 years is to be debt free! 4. I'd like to pay it off in 2 years, best case scenario, however, I do like that I have 3 if needed.
Loan listed 6 days; 29 pct funded. Reason why little funding because application still does not show Employment-Income verified and Credit Review was completed. Review Status does not show Approved for issue when 100 pct funded, or minimum 60 pct partially funded. and the 14 listing days expires. If contacted by a Credit Reviewer and income documents were submitted, you need to FOLLOW-UP. Ask Credit Reviewer why not completed? Why Review Status was not upgraded to Approved? If not contacted by a Credit Reviewer, you need to initiate contact ASAP. The Member Support email-toll free telephone number are: (support@lendingclub.com 866-754-4094). Member Support is open Mon - Fri 8AM - 5 PM PT; is closed Sat, Sun, CA, US Holidays for live telephone calls. Emails received 24/7. Answering machine and Fax Machine available 24/7. Time is short for lon to 100 pct fund. Lender 505570 USMC-RETIRED Virginia Bch, VA Wednesday 07.14.2010Thank you.
Could you please provide a breakdown of you monthly expenses? Thanks.Rent: $850.00 Car/Insurance: $350.00 Utilities: 150.00 Food/Misc.: $200.00
Please list all of your debts (balance, rate, minimum payment) and indicate which ones you are planning on paying off with this loan. Thanks.MC: $10,824.87, 18.99%, min payment: $162.00 Visa: $912.87, 15.24%, min payment: $20.00 Visa: 1043.19, 13.24%, min payment: $22.00 Visa: $3025.84, 13.24%, min payment: $64.00 Visa: $3,671.99, 19.24%, min payment: $97.00 Bank line: $1378.54, 11.75% min payment: $66.00 Please note I never pay only the minimum. I intend to pay all of these with the loan. Thanks.

 


 

 

 

Member Payment Dependent Notes Series 542761

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

542761

$18,000

$18,000

7.51%

1.00%

July 22, 2010

July 21, 2013

July 21, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 542761. Member loan 542761 was requested on July 7, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $6,667 / month
Current employer: Branch Bank & Trust Debt-to-income ratio: 8.63%
Length of employment: < 1 year Location: Woodstock, GA
       
Home town:
Current & past employers: Branch Bank & Trust
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/07/10 > I have only been with my current employer for a couple of months, but I have been in banking (financial services) for 9+ years (all without a job gap). I also would like to mention that I receive a quarterly bonus based on sales. I plan to use the proceeds of this loan to payoff 4 credit cards (none of which are near maxed out) and build a fence in my back yard. The credit cards all carry high interest rates (the lowest rate is 13.99%). I own 3 vehicles out right, and this loan will help me get back to only owing on a mortgage. I am a solid borrower and a believer in Peer-2-Peer Lending (I am also a small money investor with Lending Club - < $1,000 Invested). Please let me know if you have any questions.

 

A credit bureau reported the following information about this borrower member on July 6, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 04/1998 Delinquent Amount: $0.00
Open Credit Lines: 6 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 24 Months Since Last Delinquency: n/a
Revolving Credit Balance: $54,804.00 Public Records On File: 0
Revolving Line Utilization: 22.20% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

 


 

 

 

Member Payment Dependent Notes Series 543032

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543032

$24,250

$20,600

13.61%

1.00%

July 22, 2010

July 21, 2015

July 21, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543032. Member loan 543032 was requested on July 7, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $5,948 / month
Current employer: Gwinnett County Public Schools Debt-to-income ratio: 23.81%
Length of employment: 10+ years Location: ATLANTA, GA
       
Home town:
Current & past employers: Gwinnett County Public Schools
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/07/10 > I am a school teacher and have been teaching for 20 years. Maintaing good credit is very important to me; therefore, I am never late on any payments. I plan to pay off one credit card and pay down another in order to have these debts taken care of within 5 years.

 

A credit bureau reported the following information about this borrower member on July 7, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 07/1993 Delinquent Amount: $0.00
Open Credit Lines: 7 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 25 Months Since Last Delinquency: n/a
Revolving Credit Balance: $33,972.00 Public Records On File: 0
Revolving Line Utilization: 53.80% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 3    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Please list each debt you plan to pay off, including the name of the creditor, the amount owed, and your current actual monthly payment on each debt. Thank you.I have two debts that I am trying to pay down and pay off. 1) American Express: Amount owed - $13000, min monthly payment - $252 - I normally pay between $400 - $500 each month. 2) Chase: Amount owed - $19000, min monthly payment - $427 - I normally pay $500 each month.
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.My mortgage balance is $184,000. My home appraised for $230,000 in May 2010. I currently do not have any HELOC on my home. Thanks!
Will your budget be able to handle this obligation for the next 60 months?Yes! I have been paying up to $1000 a month for the current obligation I have with two debts. This loan will decrease that obligation and allow me to pay these debts off within 5 years and get them under control. Thank you!
Borrower, The oan application shows Income Verification completed (check-marked). But the Credit Review Status shows "In Review". Borrower Credit Review process only ONE-HALF way completed. The Credit Review Status needs to be completed AND upgraded to "APPROVED" for a promissory note to be issued later and after loan funds net $ proceeds can be deposited into your bank account. You need to FOLLOW-UP on this with Home Office Credit Reviewers. Member Support Department open Mon-Fri 8AM-5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; but answering machine available 24/7. Emails are answered 24/7. After Credit Status is "APPROVED" your loan will attract many more lenders and their funding $ amount will increase. Today is Friday; you need to act on this A-S-A-P. Lender 505570 USMC-RETIRED Virginia Beach, VA Saturday 07.10.2010Thank you! All requested documentation was faxed on Friday, July 9 at 1:15 eastern time.
I hate to ask such a negative question, but with headlines of "teachers suffering layoffs" in states like California and Illinois, I wonder if there is anything you offer to assuage any doubts lenders might have to investing in an Atlanta, GA, teacher's loan application. Does your 20 years of service within the GA public education system give you seniority or added cushion to avoid a potential layoff? Again, I hate being negative, but I would imagine it's on more than a few investor's minds.Thanks for your question and I do appreciate your concern giving the times that we are living in. My 20 years of service do provide me with more job security than someone who has been teaching for two or three years. I do have tenure and am on a continuing contract. However, I do not take that for granted. I have been Teaching of the Year, have three degress and am in leadership positions within my school. I am a dedicated, conscientious teacher and this is recognized by my school administration.
Borrower, The loan application shows Income Verification completed (check-marked). But the Credit Review Status shows "In Review". Borrower Credit Review process only ONE-HALF way completed. The Credit Review Status needs to be completed AND upgraded to "APPROVED" for a promissory note to be issued later and after loan funds net $ proceeds can be deposited into your bank account. You need to FOLLOW-UP on this with Home Office Credit Reviewers. Member Support Department open Mon-Fri 8AM-5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; but answering machine available 24/7. Emails are answered 24/7. After Credit Status is "APPROVED" your loan will attract many more lenders and their funding $ amount will increase. Today is Friday; you need to act on this A-S-A-P. Lender 505570 USMC-RETIRED Virginia Beach, VA Tuesday 07.13.2010I spoke with Lending Club Customer Support this morning. They have received all my documentation (faxed last Friday, 7-9-10) and are waiting for the IRS to return the 4506-T form.
If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 60-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? 2 to 3-yrs? 3 to 4-years? Or use 5-yrs maximum time allowed? [The Length of Time question asks for the answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loans before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] Advance thanks for answer that will help other lenders, and myself, to make their informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Tuesday 07.13.2010Absolutely! Outside of my mortgage my goal is to have my debts paid within 5 years. I would be very happy to have my loan paid in 4 years. I do have to be realistic though, so 5 years is the maximum time I have given myself to reach my goal of being out of debt. Thank you! I appreciate all of your helpful comments!
Also, is there a second wage earner in your household and if so how much does he/she make each month? Many thanks and good luck.I am the sole wage earner in my house. Thanks!

 


 

 

 

Member Payment Dependent Notes Series 543065

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543065

$15,000

$15,000

14.35%

1.00%

July 26, 2010

July 29, 2013

July 29, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543065. Member loan 543065 was requested on July 15, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $4,167 / month
Current employer: Department of homeland security Debt-to-income ratio: 19.80%
Length of employment: 6 years Location: Rosedale , NY
       
Home town:
Current & past employers: Department of homeland security
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 7, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 09/2002 Delinquent Amount: $0.00
Open Credit Lines: 11 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 16 Months Since Last Delinquency: n/a
Revolving Credit Balance: $25,583.00 Public Records On File: 0
Revolving Line Utilization: 44.40% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 4    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Lenders view the loan application featuring the Borrower's Profile [Employer and Employment Length, Monthly Gross Income, Home Ownership, Location, Debt-to-Income Ratio]; The highly condensed Transunion Credit Report [Line totals, i. e, the Revolving Credit Balance total debt but not each balance that could be owed to the possible credit grantees such as Amex, Home Depot, Lowe's, MC, Visa, etc]; And finally, if provided, an optional narrative description. I am interested to help fund your $15000 Wedding Expenses (Ring) category loan. My questions are: Number [1] Position (Job/What you do) currently for employer U S DHS? Number [2] Transunion Credit Report shows the $25583 Revolving Credit Balance total debt (44.40 pct usage). $ amount may not reflect current actual debts, thus inaccurate; but is only data avaiable. What $ payments per month that are now being paid on all these RCB debts? (Total $ that is actually PAID per month; and not the Credit Card minimum $ payments that are DUE per month.) Number [3] Lending Club is not a "deep pockets" bank with unlimited $. Participating lenders are many small investors; together, we fund chosen loans. You're competing among 350 plus borrowers; all want their loan funded. Please briefly convice me Why lenders should commit their limited $ to help to fund your loan? Number [4] If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 36-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? Or use the 2 to 3-yrs maximum time allowed [The Length of Time question asks for the answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loans before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] Advance thanks for FOUR answers that will help other lenders, and myself, to make informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Thursday 07.15.2010Type your answer here.Question 1, DHS is the department of homeland security and I work for the TSA as an officer Question 2, I have a few things out there that I am paying off one is a furniture loan that I took out fro somebody else that there paying every month on time with no issues that should actually be paid off by the end of this year, the other bills that I have I usually pay about $1500 dollars a month in these bills covering more than the minium payment that is actually do. Question 3, If these investors invest in me, then they would have no problems with receiving payment from me, even do I have other things that I pay, my job is secured with the federal goverment, with no posibilty of unemployment, and i never had no late payments or settlement of any kind on my credit history, all debt is paid on time, I also receive a secound income from renting a room out where I live, thank you Question 4, The loan request is for 36 months I would probably pay that off in 30 months.
Can you list your major monthly expenses (with values) (e.g., rent, car loan/insurance, major medical, credit cards, child care, student loans)? Thanks and good luck!Type your answer here. I have no rent to pay to pay, my car loan is 259 and 220 for car insurance, no medical bills credit cards are about 300-400 a month, school loan already paid off for, dont have any children

 


 

 

 

Member Payment Dependent Notes Series 543085

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543085

$20,000

$12,875

15.58%

1.00%

July 22, 2010

July 21, 2015

July 21, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543085. Member loan 543085 was requested on July 7, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $7,505 / month
Current employer: Blair Park Services, LLC Debt-to-income ratio: 20.07%
Length of employment: 2 years Location: Philadelphia, PA
       
Home town:
Current & past employers: Blair Park Services, LLC
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/20/10 > Thank you to everyone who has invested in my loan so far. As I mentioned earlier, the purpose of this loan is to consolidate 4 accounts into one. These accounts include loans that I had to take when my wife and I got married two years ago. The interest rates and payments on these accounts are high. My wife and I just had a baby a few months ago and we would like to see our monthly payments go from $860 to $482 per month. I have worked as a Senior Web Architect for over two years in my company. The company is constantly hiring even in a tough economy. I also do contract work on the side as a Systems Architect. The history of each account on my credit report shows that I have made timely payments on all of my accounts. Since I was able to make those monthly payments on time for all of these years, I can guarantee that I will be able to pay the lesser amount that I am trying to consolidate to. Once again, thank you all for considering my loan request.

 

A credit bureau reported the following information about this borrower member on July 7, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 02/2002 Delinquent Amount: $0.00
Open Credit Lines: 11 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 32 Months Since Last Delinquency: 25
Revolving Credit Balance: $3,307.00 Public Records On File: 0
Revolving Line Utilization: 26.70% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Please list each debt you plan to pay off, including the name of the creditor, the amount owed, and your current actual monthly payment on each debt. Thank you.Account List: Personal Loan, Franklin Mint Credit Union Balance: $5,370 Monthly Payment: $300 Auto Loan, Franklin Mint Credit Union Balance: $4,350 Monthly Payment: $210 Credit Card, Capital One Balance: $3,400 Monthly Payment: $150 Personal Loan, Citi Financial Balance: $5,700 Monthly Payment: $198
Your Revolving Credit Balance= $3,307.00. Are your listed debts for someone else? Thank you. p.s. you have less than 50% funding while only 16hrs remain. Investors feel more comfortable investing in loans where the borrower answers basic questions.The combination of my debt has revolving plus installment types. I typically avoid credit cards because of their high interest rates.

 


 

 

 

Member Payment Dependent Notes Series 543142

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543142

$10,000

$10,000

7.88%

1.00%

July 26, 2010

August 2, 2013

August 2, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543142. Member loan 543142 was requested on July 19, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $5,400 / month
Current employer: Intel Debt-to-income ratio: 13.98%
Length of employment: 5 years Location: Santa Clara, CA
       
Home town:
Current & past employers: Intel
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/19/10 > I have a personal loan that has high APR. I am refinancing to get a reduced rate.

 

A credit bureau reported the following information about this borrower member on July 7, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 12/1999 Delinquent Amount: $0.00
Open Credit Lines: 7 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 26 Months Since Last Delinquency: n/a
Revolving Credit Balance: $364.00 Public Records On File: 0
Revolving Line Utilization: 1.60% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 2    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Your revolving credit balance is under $400, but your loan request is for $10,000. Can you describe how the difference will be used?I have a personal loan for about $10,xxx that has an APR of 16.xx% that makes little sense. LC is offering a much lower rate that I would like to take advantage.
What are your $ monthly costs (rent, car, utilities, any CC debt/loans not replaced by this loan, insurance, phone/cable/internet, food, gym, childcare/tuition costs as applicable)? Thanks for your answer to this QType your answer here.rent = $1425, utilities = $120, no credit card (pay off every month), car loan = $13000. cable/phone = $180, food = $400.

 


 

 

 

Member Payment Dependent Notes Series 543204

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543204

$12,000

$12,000

11.49%

1.00%

July 26, 2010

July 26, 2015

July 26, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543204. Member loan 543204 was requested on July 12, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $4,712 / month
Current employer: First Trade Union Bank Debt-to-income ratio: 19.76%
Length of employment: < 1 year Location: MEDFORD, MA
       
Home town:
Current & past employers: First Trade Union Bank
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/12/10 > Recent MBA graduate who accumulated credit card debt during graduate school. I work in commercial banking as an Analyst and anticipate my salary to increase in the next 3-5 years by at least 50% The reasons I am applying for this loan are 1) to maintain my monthly expenses low and 2) one of my card's rates increased from 4.8% to 15.99% for no good reason. I have a good credit score and have always paid all my loans on time. I haven't used my cards for a while, except for $30 that is withdrawn montly for a gym membership, besided that I use cash.

 

A credit bureau reported the following information about this borrower member on July 12, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 07/2001 Delinquent Amount: $0.00
Open Credit Lines: 12 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 31 Months Since Last Delinquency: n/a
Revolving Credit Balance: $14,416.00 Public Records On File: 0
Revolving Line Utilization: 62.60% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

 


 

 

 

Member Payment Dependent Notes Series 543251

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543251

$7,600

$7,600

7.51%

1.00%

July 22, 2010

July 26, 2013

July 26, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543251. Member loan 543251 was requested on July 12, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $7,000 / month
Current employer: Vernon ISD Debt-to-income ratio: 12.26%
Length of employment: 2 years Location: Vernon, TX
       
Home town:
Current & past employers: Vernon ISD
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 7, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 10/1995 Delinquent Amount: $0.00
Open Credit Lines: 16 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 34 Months Since Last Delinquency: 34
Revolving Credit Balance: $3,042.00 Public Records On File: 0
Revolving Line Utilization: 3.20% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
"Major Purchase or "Other" category loan is 1 of 300 plus loans that Lending Club listed today for lender consideration. Lenders attracted to a loan where borrower provided basic DETAILS about loan; buy a boat and motor, household appliances (refrigerator-freezer, washer-dryer), HVAC system, engagement ring, home furniture, etc. and the PURPOSES how, after the loan funds and the required origination fee is deducted, the net proceeds are intended to be spent to benefit borrower? Debts that will be consolidated? Or refinanced? Listing provides very limited, or no, helpful information to attract lenders interest and to commit their $ to help fund your loan. Loan remains 1st class mystery. Provide basic Details and Purposes how loan is intended to benefit you. Minus information, loan doesn't compete favorably for lender funding $. End of registration process exists opportunity to add the DESCRIPTION details, purposes, miscellaneous, etc, that aids lenders. Consider my honest appraisal a highly positive feedback intended to help you to attract needed lenders $. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Tuesday 07.13.2010This loan will be used to repay on a retirement account that has 10% compounding interest every September 1st. I am trying to buy back three years on my ERS retirement account.

 


 

 

 

Member Payment Dependent Notes Series 543297

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543297

$15,000

$11,450

10.75%

1.00%

July 22, 2010

July 21, 2015

July 21, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543297. Member loan 543297 was requested on July 7, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $4,917 / month
Current employer: pinnacle services Debt-to-income ratio: 4.50%
Length of employment: 4 years Location: montgomery, IL
       
Home town:
Current & past employers: pinnacle services
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/07/10 > to purchase a lot in campground with trailer for family. stable employment, and good credit score

 

A credit bureau reported the following information about this borrower member on June 15, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 11/1991 Delinquent Amount: $0.00
Open Credit Lines: 6 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 26 Months Since Last Delinquency: n/a
Revolving Credit Balance: $5,689.00 Public Records On File: 0
Revolving Line Utilization: 16.50% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.Type your answer here. your answer to question 1 is $168k and from using your suggestion and checking property values on zillow, value would be around 172k. thank you
What are your $ monthly costs (mortgage, car, utilities, any CC debt/loans, insurance, phone/cable/internet, food, gym, childcare/tuition costs as applicable)? Thanks for your answer to this Qall of my monthly costs togther are $1,277.00 that is averaging utility costs. thank you
Is there a second wage earner in your family and if so how much does he/she earn each month?There is another wage earner who brings in another $900 a month

 


 

 

 

Member Payment Dependent Notes Series 543304

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543304

$15,000

$12,175

16.82%

1.00%

July 23, 2010

July 22, 2015

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543304. Member loan 543304 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $9,000 / month
Current employer: The Corcoran Group Debt-to-income ratio: 5.81%
Length of employment: 6 years Location: Brooklyn, NY
       
Home town:
Current & past employers: The Corcoran Group
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 09/1990 Delinquent Amount: $0.00
Open Credit Lines: 6 Delinquencies (Last 2 yrs): 1
Total Credit Lines: 24 Months Since Last Delinquency: 3
Revolving Credit Balance: $7,546.00 Public Records On File: 0
Revolving Line Utilization: 34.90% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 5    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.Hello. Total balance of my mortgage loan is $125,775. The value of my home is $735,000 (appraised in April of 2010)
IF LOAN DOESNT FULLY FUND WILL U ACCEPT THE PROCEEDSYes, I will.

 


 

 

 

Member Payment Dependent Notes Series 543328

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543328

$25,000

$17,675

11.49%

1.00%

July 22, 2010

July 21, 2015

July 21, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543328. Member loan 543328 was requested on July 7, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $12,917 / month
Current employer: n/a Debt-to-income ratio: 7.28%
Length of employment: 9 years Location: Fort Myers, FL
       
Home town:
Current & past employers: n/a
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/08/10 > This loan is requested for expansion of my inventory. I am a beverage distributor and need to buy extra inventory for a large event. Traditional lending sources (ie. local banks) are not an option due to the amount of time it will take them to process, underwrite, appraise (if I went the HELOC route), and close. Funds are needed as quickly as possible for an event taking place in the beginning on August. I am responsible with credit and can provide tax returns to support this request to the appropriate party at LendingClub if requested. Thank you for your interest! Borrower added on 07/08/10 > I have been self employed since 2001 running a successful Internet marketing/search engine optimization firm operating several e-commerce websites and I also own a local "brick-and-mortar" business in the consumer service space which turned a profit just 4 months after opening our doors. I have developed a budget for use of funds on this particular product and I am indeed investing some of my own money in this venture. Having "skin the game" is a very important aspect to any business. While my preliminary figures for capital needed and ROI reflect only the current event promotion, I would like the ability to repay the loan over 5 years allowing me to utilize the funds to further expand my business once this promotion has been successfully executed. For this particular promotion, funds will be used for advertising expenses, travel expenses, and inventory purchase to take with us to the event. Any questions, please ask! Thank you for your interest! Borrower added on 07/08/10 > As requested by LendingClub, I have provided them with my tax returns from 2008 and 2009 which show a 12.3% increase in income over the period, even in these tough economic times. Borrower added on 07/14/10 > If anyone has any questions for me, please feel free to ask! I am here to help you feel as comfortable as possible with investing in my business venture! Thank you to all who have invested so far and I am eagerly awaiting other investors looking for a solid investment!

 

A credit bureau reported the following information about this borrower member on July 7, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 11/1999 Delinquent Amount: $0.00
Open Credit Lines: 7 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 34 Months Since Last Delinquency: n/a
Revolving Credit Balance: $23,523.00 Public Records On File: 0
Revolving Line Utilization: 8.90% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.Hello, and thanks for your inquiry. I only have a first mortgage on my home at a rough balance of $271,000. The estimated value of our home (per Realtor) is between $375,000 and $400,000. A HELOC was my first choice for funding this project given the low interest rates, however due to the time constraints I have with it I am unable to rely on that closing in enough time due to the appraisal process, etc. associated with that route. Thank you!
Nature of the business and purpose of the loan?I am a beverage distributor and I am seeking the loan to purchase inventory. We sell the products at both local/national events and on our online e-commerce store. We need to have extra inventory on hand for an event we are sponsoring in South Dakota at the beginning of August. Thank you for your question!
Borrower Profile does not show either Employer or Length of Employment. What are sources of total $ reported Gross Income per month: Annuity? Civil Service? Disability? Investments? Military-VA? Pension? Rentals? Social Security? If self-employed, what is your occupation? If a small business owner, what is description of your primary business? Thanks for answers. Lender 505570 USMC-RETIRED Virginia Bch, VA Thursday 07.08.2010I have been self-employed since 2001 running a successful internet marketing/search engine optimization/e-commerce company. My gross income per month is currently averaging just over $15,500. My wife and I have a combined 401K currently in "cash reserves" due to what I believe to be an upcoming market volatility and the current value of that is just over $100,000.
Your Small Business category loan is 1 of 299 total borrower loans Lending Club listed today for lender consideration. Lenders appreciate the borrowers providing basic DETAILS about their business? Start-up? Established? Products? Services? Targeted clientele? etc. A-N-D provide PURPOSES how, after a loan's origination fee deducted, their loan net proceeds are intended to be spent to benefit either a borrower or business? Website upgrade? Inventory? Expansion? Advertising? Prepaid expenses? Renovating premises? Purchase equipment and or fixtures? "Floor" financing? Or exactly what? etc. Listing provided little or nothing to attract lenders interest and for them to commit $ to possibly help to fund your loan. A small Business category loan is always the hardest loan category to fully-fund because borrowers default rate is highest of all loan categories. Your loan currently remains 1st class genuine mystery to all lenders. You should provide loans basic Details and Purposes how a loan directly intended to benefit you. Minus basic information, realistically loan doesn't compete favorably for lenders available $. At end of borrower registration process exists the opportunity to add description details, purposes, miscellaneous etc to aid prospective lenders. Hope this lender very honest appraisal helps your loan to attract lenders $. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Thursday 07.08.2010Hi, and thanks for your questions! I have filled out the information you requested but it is listed as still "Pending" LendingClub review before it is available to view by Investors. I will answer your questions below: The loan will be used to purchase inventory and buy advertising for my beverage distribution company at an event in Sturgis, SD next month. Inventory needed and advertising needed are above my current budget for normal day-to-day operations as we are mostly an e-commerce store with a small distribution network here in Southwest Florida. The proposed budget for this event makes sense from a personal investment standpoint and I've carefully weighed if I wanted to simply charge everything on my personal credit card or try to procure a longer term loan in order to grow the business. I believe it is in everyone's best interest to borrow the funds for a longer period of time, allowing investors to get a good ROI and allowing me to have funds to grow the business once this event is over. Please feel free to ask me any other questions and thank you for your time!
Sounds to me like the 2010 Sturgis Rally. Great place for beverages in the heat of summer. I have been there. And I have invested in you.You are absolutely correct! It is indeed an incredible event! We already are sponsors and have the support of the Chip, Broken Spoke, and Rat's Hole behind us. It is going to be an incredible event for us!
What are your $ monthly costs (mortgage, car, utilities, any CC debt/loans, insurance, phone/cable/internet, food, gym, childcare/tuition costs as applicable)? Thanks for your answer to this QHi, the system rejected my first answer to your question saying it provided "too much personally identifiable information" so I'll try to answer as easily as possible here. For the costs you mention above, it is roughly on average around 4 per month. I'm sure you can extrapolate what you're looking for out of that answer. Hope this goes through!

 


 

 

 

Member Payment Dependent Notes Series 543563

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543563

$25,000

$24,275

10.75%

1.00%

July 27, 2010

July 26, 2013

July 26, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543563. Member loan 543563 was requested on July 12, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $5,833 / month
Current employer: HJ High Construction Debt-to-income ratio: 0.79%
Length of employment: 1 year Location: orlando, FL
       
Home town:
Current & past employers: HJ High Construction
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/12/10 > Purchasing an existing bicycle shop located just off the head of the largest trail system in central florida. This shop caters to trail riders who visit this area in droves over the weekends. Also, provides road bikes, parts and service along with technical advice, training and group rides to all level riders. Borrower added on 07/13/10 > I am seeking these unds to bring me up to the final dollar amount needed to move forward. I have raised all other funds via other sources. I am supported by personal savings, a private investor and other minor loans. This shop is currently a woman-owned business, however she is moving out in order to dedicate herself to the full time at-home teaching of her children. I have been searching for the opportunity to move into my own shop for several years now. I am an avid cyclist and have been since college. I have extensive experience in project management and have managed projects ranging from $100k to $17M. My 15 years plus experience in contract writing/negotiation, budget/cost tracking, scheduling, estimating and material procurement will certainy support my transition into shop Owner. I have a BS in Construction Management and an MS in Architectural Studies. I find this education/experience and the skills I have garnered during my tenure will prepare me for this transition to shop Owner. My personal experience in cycling consists of building and racing bikes and having a penchant for convincing other folks to do the same. The funds I am requesting will be used to complete the purchase of existing inventory and equipment as well as upgrading the condition and look of the store. Borrower added on 07/13/10 > see answers to lender questions please, for more information

 

A credit bureau reported the following information about this borrower member on July 7, 2010:

 

Credit Score Range: 780+ Accounts Now Delinquent: 0
Earliest Credit Line: 03/1994 Delinquent Amount: $0.00
Open Credit Lines: 8 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 27 Months Since Last Delinquency: n/a
Revolving Credit Balance: $321.00 Public Records On File: 0
Revolving Line Utilization: 4.30% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
What type of small business are you thinking of starting? What is your background (experience, education) in that field of work?The business is a small bike shop with a focus on trail/mountain bikes (including road and leisure). I have a BS in Construction Management and MS in Architectural studies. I have managed projects ranging from $100k to $17M and been on management teams for projects as high as $90M. Duties involved budget/cost control, scheduling, contract writing and negotiation and estimating. I have raced and built bikes and have been an avid enthusiast since college. I worked in retail prior to and during college but feel my 15 plus years of managing projects, including working with suppliers and vendors has given me the skills and experience needed to take this shop to the next level. Thank you for the question
Your Small Business category loan is 1 of 300 plus total loans Lending Club listed today for lender consideration. Lenders appreciate the borrowers providing basic DETAILS about their business? Start-up? Established? Products? Services? Targeted clientele? etc. A-N-D provide PURPOSES how, after a loan's origination fee deducted, their loan net proceeds are intended to be spent to benefit either a borrower or business? Website upgrade? Inventory? Expansion? Advertising? Prepaid expenses? Renovating premises? Purchase equipment and or fixtures? "Floor" financing? Or exactly what? etc. Listing provided little or nothing to attract lenders interest and for them to commit $ to possibly help to fund your loan. A small Business category loan is always the hardest loan category to fully-fund because borrowers default rate is highest of all loan categories. Your loan currently remains 1st class genuine mystery to all lenders. You should provide loans basic Details and Purposes how a loan directly intended to benefit you. Minus basic information, realistically loan doesn't compete favorably for lenders available $. At end of borrower registration process exists the opportunity to add description details, purposes, miscellaneous etc to aid prospective lenders. Hope this lender very honest appraisal helps your loan to attract lenders $. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Tuesday 07.13.2010Much obliged for your comments USMC. I was unsure of the posting timeline and thought there would be a delay that would allow me to post such info prior to going "live." To answer your comments... this is a very successful existing woman-owned business. It is a bike shop in the heart of central Florida at the head of the most active and extensive trail system in Florida (Santos Trailhead /Greenway trails). The Owner has chosen to move into full time - at home teaching of her four young children so she is selling. The funds I am raising will go toward existing inventory, fixtures, equipment, tools, computer and "Good Will." I also intend to do a small amount of renovation. I will post further information, more details, etc. on my account. thanks again
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.My home value to loan ratio is, for good or bad, 1:1. Fortunately I have savings and a personal investor backing me on this venture. I am seeking funding via Lending CLub to bring my total funds up to the value needed to finalize the transaction. Please see my other posting for further information about my venture. thanks for your question
Thank you for a very descriptive loan request! 1. What is HJ High Construction and what do you do there? 2. Length of employment for at least 5 years. 3. Monthly mortgage. 4. Are you the sole wage earner in your household, and if not how much is the additional income?General Contracting and construction management is what I am currently performing, in the role of Project Manager. SInce graduating college I have worked in the role of project engineer moving into the role of project manager. I am the sole wage earner and our monthly mortgage is approximately $1400. Hope this helps
Will you continue in your current job once you own this business? What are your $ monthly costs (mortgage, car, utilities, any CC debt/loans, insurance, phone/cable/internet, food, gym, childcare/tuition costs as applicable)? Thanks for your answer to these 2 Qs..It is my intent to place my full effort into this venture so I would eventually (shortly) transition out of the current position. Fortunately, with the exception of a monthly mortgage and utility bills, we are debt free. Cars are paid for, we dont carry a balance on our cards, we dont have cable or a land line phone (only cells) etc.. I calculate that on average our monthly expenses are around $4800 a month. We try to live under our means. thank you.

 


 

 

 

Member Payment Dependent Notes Series 543848

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543848

$10,000

$10,000

15.21%

1.00%

July 22, 2010

July 22, 2015

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543848. Member loan 543848 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $3,917 / month
Current employer: Shulas Debt-to-income ratio: 7.48%
Length of employment: 2 years Location: Jacksonville Beach, FL
       
Home town:
Current & past employers: Shulas
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/08/10 > Loan is for moving expenses. My monthly budget is $4000. I always pay off my loans. I have worked for the same company for two years and always receive good marks on reviews.

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 01/1999 Delinquent Amount: $0.00
Open Credit Lines: 9 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 17 Months Since Last Delinquency: n/a
Revolving Credit Balance: $10,378.00 Public Records On File: 0
Revolving Line Utilization: 40.50% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 2    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
How will your move affect your job? Are you relocating to find a new job?I am actually going to transfer to a new location for the same company.
Are you moving for a new job? Thank you.No same position with the same company.
Will you be starting a new job? Thank you.No same position with the same company.
Hi, where and why are you moving and do you have a job lined up in the new location?South Florida and yes I am transferring jobs with the same company.

 


 

 

 

Member Payment Dependent Notes Series 543873

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543873

$18,000

$12,325

16.45%

1.00%

July 23, 2010

July 22, 2015

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543873. Member loan 543873 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $10,000 / month
Current employer: Thomson Reuters Debt-to-income ratio: 15.00%
Length of employment: 3 years Location: bethlehem, PA
       
Home town:
Current & past employers: Thomson Reuters
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/08/10 > Loan is to consolidate credit card debt. I have never missed a payment as you can see in my credit report. Would just to consolidate payments into one monthly bill. Incurred extra debt due to birth of second child. Make a good salary and will have no trouble making payments. Thank you for your consideration. Borrower added on 07/09/10 > I notice that one delinquency is showing on my report. I'd like to clarify that.......I purchased a shirt at Bon Ton and in order to take advantage of a sale, I had to use my Bon Ton card.(which I haven't used in years.) I simply forgot that I used the card so never paid it until I got a notice that card was 30 Days Past Due. Paid immediately and that account is a zero balance. Borrower added on 07/09/10 > Here is breakdown of the $24k in revolving credit. Only asking for $18k to clear up the high interest/higher balance cards. The smaller cards that total about $6k will be paid off with bonus at end of month. I will be paying off the Wells Fargo, Citi Card and Target VISA cards with proceeds from this loan. Target VISA: Outstanding Balance: $6052 Well Fargo VISA: Outstanding Balance: $4682 CitCard VISA: $6839 Other cards I am paying off myself: Sony VISA: $2433 Discover: $2355 Chase VISA: $1900 Total monthly payments on these cards are almost $600.00 per month and I have never paid late. Loan payment would be under $500.00. Goal is to be credit card debt free in under 5 years. This loan with a structured monthly payment and much lower rate will allow me to achieve that rather than throwing payments at high interest credit cards that don't seem to make a dent! Thanks again for considering my loan.

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 03/1993 Delinquent Amount: $0.00
Open Credit Lines: 14 Delinquencies (Last 2 yrs): 1
Total Credit Lines: 26 Months Since Last Delinquency: 8
Revolving Credit Balance: $24,411.00 Public Records On File: 0
Revolving Line Utilization: 82.60% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
THIS DETAILS WHAT YOU DO TO ATTRACT LENDER INTEREST A-N-D COMMITTED $. NO questions asked; NO answers required. Email ONLY FYI. After Lending Club Home Office less than $1 deposit verifies your bank account, the next step is borrower Employment-Income verification, "Credit Review". Employment - income verification is independent of one another. Home Office Credit Reviewer contacts you by email or telephone. Reviewer tells you for loan category and $ value what income document to submit- 2 Earnings Statement, Direct Deposit receipts, the 2009 IRS 1040, or if self-employed or small business owner, an IRS Form T4506 Request For Copy Income Tax Return. Reviewer will provide Fax Machine telephone number and will indicate doc, or pdf format if document sent via email. When Credit Review completed the application lenders see reflects Credit Status "Approved" for $ funded loans bank deposit. An Appproved Credit Status benefits borrower because:(1) Loan attracts lenders waiting until review process completed before committing $. (2) After completed, funding pace will quicken. (3) After loan funds, net $ can be deposited quickly into already verified bank account. Credit Review the "KEY" for borrower's loan funding. Consider the Credit Review proactive; it can be completed quickly if borrower initiated. CREDIT REVIEW SHOULD BE COMPLETED EARLY. WAITING UNTIL LISTING END CREATES CHAIN-REACTION DELAY IN APPROVAL, FUNDING AND DEPOSITING $. Credit Reviewer goal to complete required borrower Credit Review within 3-days after loan listed. If the Credit Reviewer does NOT contact you within 2-days after loan's list date, AFTER verifying less than $1 deposit posted bank account, ASAP initiate contact the Credit Review. Refer to "CONTACT US" the bottom Home Page. Member Support Department open Mon - Fri 8AM - 5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; the answering machine available 24/7. Fax Machine is available 24/7. Earlier a Credit Review finished, loan "Approved" for issue, means sooner loan attracts lenders who commit their $ to fund it. Borrowers who take excessive time for Credit Review to be completed because of their procrastination, then their loan's $ funding lags FAR BEHIND loans listed same day, Credit Review quickly finished in 1 day, and the loan Approved for later issue. The lenders roles are exclusively to fund selected loans; and to ask necessary clarifying questions. A Home Office Credit Reviewer only person who conducts the borrower employment and income verification. They are only person to whom borrower sends ALL required income documents. THIS EMAIL ASKS NO QUESTIONS. I'll revisit later, and then ask questions about loan. Information benefits 1ST time borrower. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Friday 07.09.2010Thank you for the information. Will be sure to follow all the steps dilligently,
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.Mortgage balance is $280,000. Unfortunaltey, like a lot of people, I guess I am considered "underwater." Zillow says home is valued at $265,000. Although that is low in my book, as comparable house in neighborhood just sold for $289,000. Good thing is that I dont plan on moving in the next 20 years or so.!
Credit Review completed; when funded, loan now "Approved" for issue. I am interested to help fund your $18,000 CC REFI category loan. My questions are: Number [1] Position (Job/What you do) currently for employer Thompson-Reuters News? Number [2] Transunion Credit Report shows the $24411 Revolving Credit Balance total debt (82.60 pct credit usage). What $ payments per month that are now being paid on all the RCB debts? (Total $ that are actually PAID per month; and not the Credit Card minimum $ payments that are DUE per month.) Number [3] If loan 100 pct funds, Lending Club promissory note has NO prepayment penalty. You selected 60-months maximum repayment term that offers most flexability and the lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? Or use the 2 to 3-yrs maximum time allowed? 3 to 4-years? Or use the 5-yrs maximum time allowed? [Length of Time question asks for answer based on current intentions. Every borrower has an initial idea of how long they will continue to pay on their loan before the final payment occurs. Provide approximate in years answer. Answer will help many lenders who read Q-A's to fund your loan.] Advance thanks for THREE answers that help other lenders, and myself, to make informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Saturday 07.09.20101) I am a Regional Sales Manager for Thomson. 2) The minimum payments due on the 3 cards that I will be paying off with this loan total $551.00 per month. I have been paying an average of $200 on each per month. 3) I took the 5 year term to give me the flexibility, but I wouldn't plan on taking longer than 36-44 months to pay it off in full. Thanks for your interest.
What are the interest rates of the cards that you're paying off? What does your spouse do and what is his/her monthly income? What are your major monthly expenses (e.g., mortgage, car, child care, student loans, etc.)? Thanks and good luck.The rates are all in the 24-28% range. Never paid late, so not sure why the rates went so sky high. Started off at very low rates. Spouse works for Merck and makes about $61k per year. Major monthly expenses are mortgage (1800 per month) and child care (550) and one car payment (425). No student loans still outstanding.
Is your spouse (or you?) at risk for layoff and if so will this affect ability to repay? I saw Merck was having layoffs. ThanksNeither are at risk for layoff. Very secure jobs.
WHAT WAS DELIQUENCY 8 MONTHS AGOThat was the Bon Ton charge I explained in the profile. Bought a shirt and in order to get discount had to use Bon Ton card which I never use. Simply forgot....paid as soon as I realized but it was past due.
IF LOAN DOESNT FULLY FUND WILL U ACCEPT THE PROCEEDSHaven't given it much thought. Will look at options at that time and consider it. Would be good to consolidate at least two of the cards at lower rate however.
IF LOAN DOESNT FULLY FUND WILL U ACCEPT THE PROCEEDSI hadn't thought about it, but I belive I would. The rate is still much lower than the cards currently have, so clearing at least two of them up would be great.
I NEED TO NO IF LOAN DOESNT FULLY FUND WILL U ACCEPT THE PROCEEDS OTHERWISE IMM OUTYes I will. I answered this yesterday...nit sure if answers are being sent. I have answered quite a few questuons that I do not see posted. Thanks!
Q&A WAS DOWN SINCE SAT. BUT IM INI was wondering why othing was posting! Thanks!

 


 

 

 

Member Payment Dependent Notes Series 543940

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543940

$20,000

$14,025

13.61%

1.00%

July 23, 2010

July 22, 2015

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543940. Member loan 543940 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $10,000 / month
Current employer: Honeywell International Inc. Debt-to-income ratio: 22.13%
Length of employment: 1 year Location: Minneapolis, MN
       
Home town:
Current & past employers: Honeywell International Inc.
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/14/10 > Funds needed to pay off a credit card holding a balance that went to a penalty interest rate due to a payment drawn from a defunct savings account through an online data entry error. Account was never late as the mistake was caught before the payment deadline, but the rejected payment still triggered the penalty clause on the card. The card is now at 25% interest and I want to pay it off and close it. Borrower added on 07/16/10 > Continued answer: My current debt load is as follows: Two credit cards with balances carried on them: Bank of America Card at $22,500 Barclay's Card at $16,900 These balances are predominantly car maintenance and repair, moving expenses, and expenses related to my divorce including excess living expenses from carrying two households for a year. Other loans: Car loan at ~$25k w/3.5 years remaining Student loan at ~$28k w/5 years remaining Personal Loan (for a now totaled car) at ~$9k w/3 years remaining I am also co-signed on a mortgage that is currently paid by my ex wife and will be refinanced in 2011 to remove me. Monthly expenses: Debt B of A Credit Card Payment: $530 Barclay's Credit Card Payment: $530 Student Loan: $397 Car Loan: $581 Personal Loan: $252 Total Debt: $2290 Living Expenses Rent: $995 Utilities: $200 Insurance: $200 Gas: $200 Food / Misc: $800 Child Care: $340 Child Support: $500 Total Living Expenses: $3235 Total Expenses: $5525 Net Income: $6391 (after taxes, 401k, and benefits) Also, please note that the intent of this loan is to replace the $530 Barclay's (Black Card) payment with a $461 loan payment. Thank you for your question. Borrower added on 07/16/10 > Your question reminded me that I am also on a home equity loan for the house. Again, I am a co-signer on that loan that my ex-wife pays and it will be refinanced to remove me in 2011 per the terms of our divorce settlement. Sorry for the abbreviated answer on the questions screen. I accidentally hit the enter key while answering and apparently this interface has no way to undo that so it submitted my answer after two lines.

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 04/1995 Delinquent Amount: $0.00
Open Credit Lines: 15 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 29 Months Since Last Delinquency: n/a
Revolving Credit Balance: $63,789.00 Public Records On File: 0
Revolving Line Utilization: 74.30% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 2    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
You have over $60,000 in revolving credit balance. Can you breakdown the balances on each card, the minimum payments and respective interest? Also, what are your major monthly expenses (e.g., rent, credit cards, car, student loans, child care, etc.)? Thanks.Two cards that carry balances: Bank of America for $22,500 Barclay's for $16,900
Your Revolving Credit Balance=$63,789.00. Your two cards total $39,400. What is the remaining debt of $24,389 for? Thank you.Hello, and thank you for your question. The remaining balance is a home equity line of credit that my ex-wife pays but that I am still a co-signer on until 2011. This was used for improvements to our home two years ago, before our separation and subsequent divorce. My ex-wife retained the house along with the primary mortgage and the home equity line of credit and I will be removed from both of those loans in 2011 per the terms of our divorce settlement.
If the penalty rate was triggered in error, as you say, why hasn't the bank fixed this? Have you contacted anyone at the bank? Spoken with a supervisor? Sent a letter to the bank's CEO via certified mail? I wouldn't allow a penalty rate to remain on my account because of a computer error.Hello, and thank you for your question. Please allow me to clarify. The penalty rate was triggered per the terms and conditions of my credit card agreement with the bank. So the bank was not in error in increasing my interest rate. The error was on my part while using their online payment system, as I will explain below. The terms and conditions state that if a payment is rejected by my bank the penalty rate for the card is invoked. This is the same penalty as a late payment or an insufficient payment. Earlier this year I scheduled a payment using their webpage and accidentally selected a closed savings account as the source of funds. When the credit card bank tried to execute the payment the savings account bank bounced the request and notified me that a funds transfer request had been made against a closed account. I immediately scheduled a new payment using a current account and deleted this old account out of the system. The second payment went through in time and there was no late payment on the account. Regardless, the bank invoked the penalty clause because the first payment bounced and my rate went from 13% to 26%. I called the bank to explain the mistake I made and to ask them to cut me a break and they told me that there was nothing they would do and I could call back in 6 months to see if I could get the rate lowered. When I asked to speak to a supervisor I was told, "No one at this bank will give you a different answer." The mistake was on my part but penalizing me for a simple online entry error seems pretty petty to me. I agreed to these terms, however, and now that I realize my mistake I would like to take this loan and pay off my card and get this bank out of my life.

 


 

 

 

Member Payment Dependent Notes Series 543975

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543975

$22,000

$14,200

17.19%

1.00%

July 23, 2010

July 22, 2015

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543975. Member loan 543975 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: OWN Gross income: $9,500 / month
Current employer: Junventus Cosmetic Center Debt-to-income ratio: 14.04%
Length of employment: 5 years Location: Miami Lakes, FL
       
Home town:
Current & past employers: Junventus Cosmetic Center
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 04/2002 Delinquent Amount: $0.00
Open Credit Lines: 14 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 22 Months Since Last Delinquency: n/a
Revolving Credit Balance: $46,216.00 Public Records On File: 0
Revolving Line Utilization: 77.10% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
THIS DETAILS WHAT YOU DO TO ATTRACT LENDER INTEREST A-N-D COMMITTED $. NO questions asked; NO answers required. Email ONLY FYI. After Lending Club Home Office less than $1 deposit verifies your bank account, the next step is borrower Employment-Income verification, "Credit Review". Employment - income verification is independent of one another. Home Office Credit Reviewer contacts you by email or telephone. Reviewer tells you for loan category and $ value what income document to submit- 2 Earnings Statement, Direct Deposit receipts, the 2009 IRS 1040, or if self-employed or small business owner, an IRS Form T4506 Request For Copy Income Tax Return. Reviewer will provide Fax Machine telephone number and will indicate doc, or pdf format if document sent via email. When Credit Review completed the application lenders see reflects Credit Status "Approved" for $ funded loans bank deposit. An Appproved Credit Status benefits borrower because:(1) Loan attracts lenders waiting until review process completed before committing $. (2) After completed, funding pace will quicken. (3) After loan funds, net $ can be deposited quickly into already verified bank account. Credit Review the "KEY" for borrower's loan funding. Consider the Credit Review proactive; it can be completed quickly if borrower initiated. CREDIT REVIEW SHOULD BE COMPLETED EARLY. WAITING UNTIL LISTING END CREATES CHAIN-REACTION DELAY IN APPROVAL, FUNDING AND DEPOSITING $. Credit Reviewer goal to complete required borrower Credit Review within 3-days after loan listed. If the Credit Reviewer does NOT contact you within 2-days after loan's list date, AFTER verifying less than $1 deposit posted bank account, ASAP initiate contact the Credit Review. Refer to "CONTACT US" the bottom Home Page. Member Support Department open Mon - Fri 8AM - 5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; the answering machine available 24/7. Fax Machine is available 24/7. Earlier a Credit Review finished, loan "Approved" for issue, means sooner loan attracts lenders who commit their $ to fund it. Borrowers who take excessive time for Credit Review to be completed because of their procrastination, then their loan's $ funding lags FAR BEHIND loans listed same day, Credit Review quickly finished in 1 day, and the loan Approved for later issue. The lenders roles are exclusively to fund selected loans; and to ask necessary clarifying questions. A Home Office Credit Reviewer only person who conducts the borrower employment and income verification. They are only person to whom borrower sends ALL required income documents. THIS EMAIL ASKS NO QUESTIONS. I'll revisit later, and then ask questions about loan. Information benefits 1ST time borrower. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Friday 07.09.2010Thank you!
What is your position at Juventus? Specifically, what are the loan proceeds to be used for?I am a surgical assitant. The proceeds of the loan will be you used to continue my studies of medicine.
Hello there, I am interested in financing your loan. But I need you to answer these questions first please: 1. Do you own the title to your home on *own name*? 2. What is the total balance of the mortgage loans and any HELOC you owe on your home? 3. What is the current market value of your home? (use zillow.com if unsure) Thank you.1.- Yes 2.- $352,907 3.- $550,000
I'd like to invest in your loan, but I need answers to these 5 questions first: 1. Do you owe any mortgage on your house? What are your monthly payments? 2. Do you hold the deed/title to the house (a) in your name, (b) with a spouse, or (c) what is your relationship to the person who holds the deed? 3. Do you have a Home Equity Line of Credit (HELOC)? If so, for how much? 4. What is the current valuation of your home on zillow.com? 5. How long have you lived in your current home? Thanks much, and I look forward to supporting you on this loan.1.- No. 2.- Yes,(a). 3.- Yes,( $352,907). 4.- $550,000. 5.- 6 Years and five months.
I'd like to invest in your loan, but I need answers to these 5 questions first: 1. Do you owe any mortgage on your house? What are your monthly payments? 2. Do you hold the deed/title to the house (a) in your name, (b) with a spouse, or (c) what is your relationship to the person who holds the deed? 3. Do you have a Home Equity Line of Credit (HELOC)? If so, for how much? 4. What is the current valuation of your home on zillow.com? 5. How long have you lived in your current home? Thanks much, and I look forward to supporting you on this loan.1.- No. 2.- Yes,(a). 3.- Yes, ($352,907). 4.- $550,000. 5.- 6 years and five months.
Hello there, I am interested in financing your loan. But I need you to answer these questions first please: 1. Do you own the title to your home on *own name*? 2. What is the total balance of the mortgage loans and any HELOC you owe on your home? 3. What is the current market value of your home? (use zillow.com if unsure) Thank you.1.- Yes. 2.- $352,907. 3.- $550,000.
Lenders view the loan application featuring the Borrower's Profile [Employer and Employment Length, Monthly Gross Income, Home Ownership, Location, Debt-to-Income Ratio]; The highly condensed Transunion Credit Report [Line totals, i. e, the Revolving Credit Balance total debt but not each balance that could be owed to the possible credit grantees such as Amex, Home Depot, Lowe's, MC, Visa, etc]; And finally, if provided, an optional narrative description. Surgical Assistant, I am interested to help fund your $22,000 "Other" (appropriate description is "Education-Training") loan. My questions are: Number [1] Transunion Credit Report shows the $44216 Revolving Credit Balance total debt (77.10 pct credit usage). $44216 amount may not reflect current actual debts, thus inaccurate; but is only data avaiable to lenders. Does debt include Home Equity Line of Credit? (HELOC) If yes, loan $ amount and APR pct are? AND What $ payments per month that are now being paid on all the RCB debts? (Total $ that is actually PAID per month; and not the Credit Card minimum $ payments that are DUE per month.) Number [2] Lending Club is not a "deep pockets" bank with unlimited $. Participating lenders are many small investors; together, we fund chosen loans. You're competing among 350 plus borrowers; all want their loan funded. Please briefly explain why lenders should commit their limited $ to help to fund your loan? Number [3] If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 60-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? 2 to 3-yrs? 3 to 4-years? Or use 5-yrs maximum time allowed? [The Length of Time question asks for the answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loans before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] FYI: Your welcome. Follow directions in my earlier email and early-on your loan will be "Approved" for issue and fund 100 pct- hopefully quickly. Advance thanks for THREE answers that will help other lenders, and myself, to make their informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Monday 07.12.2010I regred that I can not answer these question for you, but they are a little bit complecated for me I waited for my husband help on them, but he does not understand the terminologies and abreviations, please forgive my lack of knowledge to some of the terms used in your questions, If you could simplified your questions I would be happy to answer them.
Loan listed 6 days; 10 pct funded. Reason why little funding because application still does not show Employment-Income verified and Credit Review was completed. Review Status does not show Approved for issue when 100 pct funded, or minimum 60 pct partially funded. and the 14 listing days expires. If contacted by a Credit Reviewer and income documents were submitted, you need to FOLLOW-UP. Ask Credit Reviewer why not completed? Why Review Status was not upgraded to Approved? If not contacted by a Credit Reviewer, you need to initiate contact ASAP. The Member Support email-toll free telephone number are: (support@lendingclub.com 866-754-4094). Member Support is open Mon - Fri 8AM - 5 PM PT; is closed Sat, Sun, CA, US Holidays for live telephone calls. Emails received 24/7. Answering machine and Fax Machine available 24/7. Time is short for lon to 100 pct fund. Lender 505570 USMC-RETIRED Virginia Bch, VA Wednesday 07.14.2010I am sorry that I had not answered your question as of today, but I have had too much work. I submited the documents that you requested last friday. Thank you for your understanding.
Borrower Basic Course 101. I cannot make questions any simpler than these: Question 1: How much $ do you pay every month on existing $44K Credit Card Debts? Question 2: How long IN YEARS do you intend to pay on this loan until it is paid in full If you and your husband do not understand English language, than have someone translate these questions into whatever language you do undertatand (probably Spanish). Lender 505570 USMC-RETIRED 07.16.20101.- $1,136.00, Monthtly payment in my credit cards. 2.- I would like to pay this loan off as soon as possible; preferably within the next 3 years, but since I am a responsible person I requested 5 years in order to have the flexibility of a lower monthly payment.
Borrower, The loan application shows Income Verification completed (check-marked). But the Credit Review Status shows "In Review". Borrower Credit Review process only ONE-HALF way completed. The Credit Review Status needs to be completed AND upgraded to "APPROVED" for a promissory note to be issued later and after loan funds net $ proceeds can be deposited into your bank account. You need to FOLLOW-UP on this with Home Office Credit Reviewers. Member Support Department open Mon-Fri 8AM-5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; but answering machine available 24/7. Emails are answered 24/7. After Credit Status is "APPROVED" your loan will attract many more lenders and their funding $ amount will increase. Today is Friday; you need to act on this A-S-A-P. Lender 505570 USMC-RETIRED Virginia Beach, Sunday 07.18.2010Thank you. I will follow up on your subjection.

 


 

 

 

Member Payment Dependent Notes Series 543977

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

543977

$25,000

$16,450

13.61%

1.00%

July 23, 2010

July 22, 2015

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 543977. Member loan 543977 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $7,500 / month
Current employer: Florida Peninsula Insurance Company Debt-to-income ratio: 20.73%
Length of employment: 2 years Location: Tampa, FL
       
Home town:
Current & past employers: Florida Peninsula Insurance Company
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 09/1999 Delinquent Amount: $0.00
Open Credit Lines: 10 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 26 Months Since Last Delinquency: n/a
Revolving Credit Balance: $26,919.00 Public Records On File: 0
Revolving Line Utilization: 75.90% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 1    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Please list each debt you plan to pay off, including the name of the creditor, the amount owed, and your current actual monthly payment on each debt. Thank you.American Express - 19,200 (monthly $389 min) Citibank - 4,500 (@ $160 montly min) I am only making min payments so it isn't helping at all. I went through a divorce a couple of years ago and would like to get on the road to being debt free. With this loan I will pay both credit cards off immediately and then will have the money to pay back this consolidated loan and also make additional payments on some months to have it paid off in a short period of time versus 33 years on my credit cards..
1.Please list your monthly expenses by type & amount (mortgage/rent , car, utilities, insurance, phone, internet, food, gym, childcare costs). 2.Are you the sole wage earner? Thanks.rent $1500 car $829 insurance - $217 phone, internet, gym - company pays for utilities - avg. $175 a month Yes I am the sole wage earner

 


 

 

 

Member Payment Dependent Notes Series 544040

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

544040

$5,000

$5,000

7.88%

1.00%

July 23, 2010

July 22, 2013

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 544040. Member loan 544040 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $3,333 / month
Current employer: Littleton Joyce Ughetta Park & Kelly LLP Debt-to-income ratio: 3.51%
Length of employment: 1 year Location: New York, NY
       
Home town:
Current & past employers: Littleton Joyce Ughetta Park & Kelly LLP
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/08/10 > My name is Yoon. Thank you for the loan. I will repay monthly before due date and if possible, pay off loan before the 36 month period. Borrower added on 07/08/10 > As this is my first personal loan, I consider it my first priority. Also, I plan to stay with my paralegal work for another two years before taking the law school admissions test. After minus rent and expenses, I will have $500-$550 which will be used for monthly payments to this loan. Thank you for the time and consideration.

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 714-749 Accounts Now Delinquent: 0
Earliest Credit Line: 04/2005 Delinquent Amount: $0.00
Open Credit Lines: 5 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 9 Months Since Last Delinquency: n/a
Revolving Credit Balance: $2,198.00 Public Records On File: 0
Revolving Line Utilization: 16.90% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
If I may ask what are you puchasing?To k1f2010 and LuckyDog, The loan will go to a new sony desktop, a mac laptop, and other computer hardware. I will also other electric appliances - an air conditioner and a refrigerator which I need currently but cannot do so with my current monthly salary.

 


 

 

 

Member Payment Dependent Notes Series 544041

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

544041

$25,000

$19,275

18.30%

1.00%

July 26, 2010

July 25, 2015

July 25, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 544041. Member loan 544041 was requested on July 11, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $12,500 / month
Current employer: Sunbeam Television Debt-to-income ratio: 18.05%
Length of employment: 5 years Location: FRAMINGHAM, MA
       
Home town:
Current & past employers: Sunbeam Television
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/11/10 > Hello, and thank you for considering funding our loan. The purpose for this loan is debt consolidation. Since my wife was diagnosed with cancer a couple of years ago, we have run up debts as she was unable to work. Now that she is cancer free and back at work full time, our #1 goal is becoming debt free for our future. We are both in our 40s and have never missed a payment on our mortgage or our credit. We are both professionals with very stable jobs (combined income $150K), and are just looking to get our finances back on the right track. Consolidating all of our debts into one loan with a 5-year payoff is a big step for us achieving our goals. Thanks! Borrower added on 07/12/10 > Some more detail about our line of work & why we need this loan: I am the Director of Marketing & Research for a group of top market television stations. I have been in this profession for 20 years. My wife is an exceptional free-lance dog groomer who works 10 hours a day, 6 days a week. It is for her (and my 11 year-old son, who is my best friend) that I seek this loan to eliminate our debts so we can move forward and begin funding our futures. Battling cancer (and winning) was the first BIG step for us. Becoming debt-free is the next fight we want to win. Thanks!

 

A credit bureau reported the following information about this borrower member on July 11, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 06/1992 Delinquent Amount: $0.00
Open Credit Lines: 12 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 38 Months Since Last Delinquency: n/a
Revolving Credit Balance: $26,875.00 Public Records On File: 0
Revolving Line Utilization: 81.70% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 6    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
THIS DETAILS WHAT YOU DO TO ATTRACT LENDERS INTEREST AND COMMITTED $$. NO questions asked; NO answers required. Email's only FYI. After Lending Club Home Office less than $1 deposit verifies your bank account, the next step is borrower Employment-Income verification, "Credit Review". Employment - income verification is independent of one another. Home Office Credit Reviewer contacts you by email or telephone. Reviewer tells you for loan category and $ value what income document to submit- 2 Earnings Statement, Direct Deposit receipts, the 2009 IRS 1040, or if self-employed or small business owner, an IRS Form T4506 Request For Copy Income Tax Return. Reviewer will provide Fax Machine telephone number and will indicate doc, or pdf format if document sent via email. When Credit Review completed the application lenders see reflects Credit Status "Approved" for $ funded loans bank deposit. An Appproved Credit Status benefits borrower because:(1) Loan attracts lenders waiting until review process completed before committing $. (2) After completed, funding pace will quicken. (3) After loan funds, net $ can be deposited quickly into already verified bank account. Credit Review the "KEY" for borrower's loan funding. Consider the Credit Review proactive; it can be completed quickly if borrower initiated. CREDIT REVIEW SHOULD BE COMPLETED EARLY. WAITING UNTIL LISTING END CREATES CHAIN-REACTION DELAY IN APPROVAL, FUNDING AND DEPOSITING $. Credit Reviewer goal to complete required borrower Credit Review within 3-days after loan listed. If the Credit Reviewer does NOT contact you within 2-days after loan's list date, AFTER verifying less than $1 deposit posted bank account, ASAP initiate contact the Credit Review. Refer to "CONTACT US" the bottom Home Page. Member Support Department open Mon - Fri 8AM - 5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; the answering machine available 24/7. Fax Machine is available 24/7. Earlier a Credit Review finished, loan "Approved" for issue, means sooner loan attracts lenders who commit their $ to fund it. Borrowers who take excessive time for Credit Review to be completed because of their procrastination, then their loan's $ funding lags FAR BEHIND loans listed same day, Credit Review quickly finished in 1 day, and the loan Approved for later issue. The lenders roles are exclusively to fund selected loans; and to ask necessary clarifying questions. A Home Office Credit Reviewer only person who conducts the borrower employment and income verification. They are only person to whom borrower sends ALL required income documents. EMAIL DOES NOT ASK QUESTIONS. is medium used for all lender-borrower communications. I'll revisit later, then ask questions. This Information benefits 1ST time borrower. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Monday 07.12.2010Thanks for sending all this great information! I will get all the necessary paperwork in order immediately.
THIS DETAILS WHAT YOU DO TO ATTRACT LENDERS INTEREST AND COMMITTED $$. NO questions asked; NO answers required. Email's only FYI. After Lending Club Home Office less than $1 deposit verifies your bank account, the next step is borrower Employment-Income verification, "Credit Review". Employment - income verification is independent of one another. Home Office Credit Reviewer contacts you by email or telephone. Reviewer tells you for loan category and $ value what income document to submit- 2 Earnings Statement, Direct Deposit receipts, the 2009 IRS 1040, or if self-employed or small business owner, an IRS Form T4506 Request For Copy Income Tax Return. Reviewer will provide Fax Machine telephone number and will indicate doc, or pdf format if document sent via email. When Credit Review completed the application lenders see reflects Credit Status "Approved" for $ funded loans bank deposit. An Appproved Credit Status benefits borrower because:(1) Loan attracts lenders waiting until review process completed before committing $. (2) After completed, funding pace will quicken. (3) After loan funds, net $ can be deposited quickly into already verified bank account. Credit Review the "KEY" for borrower's loan funding. Consider the Credit Review proactive; it can be completed quickly if borrower initiated. CREDIT REVIEW SHOULD BE COMPLETED EARLY. WAITING UNTIL LISTING END CREATES CHAIN-REACTION DELAY IN APPROVAL, FUNDING AND DEPOSITING $. Credit Reviewer goal to complete required borrower Credit Review within 3-days after loan listed. If the Credit Reviewer does NOT contact you within 2-days after loan's list date, AFTER verifying less than $1 deposit posted bank account, ASAP initiate contact the Credit Review. Refer to "CONTACT US" the bottom Home Page. Member Support Department open Mon - Fri 8AM - 5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; the answering machine available 24/7. Fax Machine is available 24/7. Earlier a Credit Review finished, loan "Approved" for issue, means sooner loan attracts lenders who commit their $ to fund it. Borrowers who take excessive time for Credit Review to be completed because of their procrastination, then their loan's $ funding lags FAR BEHIND loans listed same day, Credit Review quickly finished in 1 day, and the loan Approved for later issue. The lenders roles are exclusively to fund selected loans; and to ask necessary clarifying questions. A Home Office Credit Reviewer only person who conducts the borrower employment and income verification. They are only person to whom borrower sends ALL required income documents. EMAIL DOES NOT ASK QUESTIONS. is medium used for all lender-borrower communications. I'll revisit later, then ask questions. This Information benefits 1ST time borrower. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Monday 07.12.2010Thanks again! have not seen the bank deduction yet, but will act as soon as I see the charge!
Lenders view the loan application featuring the Borrower's Profile [Employer and Employment Length, Monthly Gross Income, Home Ownership, Location, Debt-to-Income Ratio]; The highly condensed Transunion Credit Report [Line totals, i. e, the Revolving Credit Balance total debt but not each balance that could be owed to the possible credit grantees such as Amex, Home Depot, Lowe's, MC, Visa, etc]; And finally, if provided, an optional narrative description. I am interested to help fund your $ category loan. My questions are: Number [1] Brief description your employer Sunbeam Television? Number [2] Define term "professionals" used to describe BOTH spouse and yourself? Number [3] Position (Job/What you do) currently for employer? Number [4] Transunion Credit Report shows the $26875 Revolving Credit Balance total debt (81.70 pct credit usage). $ amount may not reflect current actual debts, thus inaccurate; but is only data avaiable. Does debt include Home Equity Line of Credit? (HELOC) If yes, loan $ amount and APR pct are? AND What $ payments per month that are now being paid on all the RCB debts? (Total $ that is actually PAID per month; and not the Credit Card minimum $ pmts that are DUE per month.) Number [5] Lending Club is not a "deep pockets" bank with unlimited $. Participating lenders are many small investors; together, we fund chosen loans. You're competing among 350 plus borrowers; all want their loan funded. Please briefly explain why lenders should commit their limited $ to help to fund your loan? Number [6] If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 60-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? 2 to 3-yrs? 3 to 4-years? Or use a 5-yrs maximum time allowed? [The Length of Time question asks for the answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loans before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] Advance thanks for SIX answers that will help other lenders, and myself, to make an informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Monday 07.12.2010Here are the answers to your questions: 1) Sunbeam Television is based in Miami, Florida and owns TV stations in Top 20 markets; 2-3) I am the Director of Marketing for two of these television stations, and have been in media marketing/research for more than 20 years. My wife spend half of her career as a fashion designer in NYC, and is is now a freelance dog groomer (15 years, and one of the best!); 4) My total debts are closer to $28K, and all on credit cards (mostly Amex, not an equity line of credit) & total monthly payments is roughly $950; 5) Can't say that I am more worthy of a loan than the other potential borrowers on Lending Club. All I can say is that my wife and I have never missed a payment on any loan, and only want to take care of the debt we have so we can move forward. My wife is a cancer survivor who means the world to me, as does my 11-year old son, who is my best friend! I want to give both of them a great future without the burden of debt. This loan would be a great first step in that plan!; 6) The lower payment on a 5-year loan will certainly help us out in the short term. However, I get yearly bonuses at my job and would hope to pay this loan off within 3-4 years. Of course, the sooner we pay this off, the sooner we can invest more in our retirement. Thanks for your consideration!
Me again, Your email said as soon as you see the..."bank deduction"... What you will lloking looking for is the bank DEPOSIT (CREDIT) to you account. (Refer to my earlier email.) Lender 505570 USMC-RETIRED Monday 07.12.2010sorry...it's Monday! I meant to say 'deposit'. I checked and it's not there yet, but I will keep checking. Thanks again for all your input.
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.Hello, and thanks. 1) I have a 1st & 2nd mortgage totaling $320,000 (no HELOC). Zillow.com estimated value is $300,000. Two years ago, I believe my home's value was $415K!
Do you have outstanding medical bills?We have no outstanding medical bills.
The best thing that you can do now, is contact lending club and find out how you can expedite the approval process. The green check-mark beside the the APPROVED on your app really attracts lenders.Thanks.
Please contact Lending Club to verify your account and income. Once you have done so, you will receive many more lenders. Thanks!OK
I would love to contribute to your loan, but first please contact Lending Club to verify your income as soon as possible to expedite the funding of this loan. Thanks!Already verified and approved.
Loan now 65 pct funded and eligible for issue. Will you accept partially funded loan?yes

 


 

 

 

Member Payment Dependent Notes Series 544081

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

544081

$14,000

$14,000

11.49%

1.00%

July 22, 2010

July 22, 2015

July 22, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 544081. Member loan 544081 was requested on July 8, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $6,417 / month
Current employer: 7-eleven inc Debt-to-income ratio: 12.36%
Length of employment: 5 years Location: Studio City, CA
       
Home town:
Current & past employers: 7-eleven inc
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

Borrower added on 07/08/10 > my nephew is getting married in Hungary so my family is trying to attend the wedding/gifts also I like to help my sister out with the wedding

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 750-779 Accounts Now Delinquent: 0
Earliest Credit Line: 02/2000 Delinquent Amount: $0.00
Open Credit Lines: 11 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 38 Months Since Last Delinquency: n/a
Revolving Credit Balance: $9,071.00 Public Records On File: 0
Revolving Line Utilization: 20.00% Months Since Last Record: n/a
Inquiries in the Last 6 Months: 2    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
THIS DETAILS WHAT YOU DO TO ATTRACT LENDER INTEREST A-N-D COMMITTED $. NO questions asked; NO answers required. Email ONLY FYI. After Lending Club Home Office less than $1 deposit verifies your bank account, the next step is borrower Employment-Income verification, "Credit Review". Employment - income verification is independent of one another. Home Office Credit Reviewer contacts you by email or telephone. Reviewer tells you for loan category and $ value what income document to submit- 2 Earnings Statement, Direct Deposit receipts, the 2009 IRS 1040, or if self-employed or small business owner, an IRS Form T4506 Request For Copy Income Tax Return. Reviewer will provide Fax Machine telephone number and will indicate doc, or pdf format if document sent via email. When Credit Review completed the application lenders see reflects Credit Status "Approved" for $ funded loans bank deposit. An Appproved Credit Status benefits borrower because:(1) Loan attracts lenders waiting until review process completed before committing $. (2) After completed, funding pace will quicken. (3) After loan funds, net $ can be deposited quickly into already verified bank account. Credit Review the "KEY" for borrower's loan funding. Consider the Credit Review proactive; it can be completed quickly if borrower initiated. CREDIT REVIEW SHOULD BE COMPLETED EARLY. WAITING UNTIL LISTING END CREATES CHAIN-REACTION DELAY IN APPROVAL, FUNDING AND DEPOSITING $. Credit Reviewer goal to complete required borrower Credit Review within 3-days after loan listed. If the Credit Reviewer does NOT contact you within 2-days after loan's list date, AFTER verifying less than $1 deposit posted bank account, ASAP initiate contact the Credit Review. Refer to "CONTACT US" the bottom Home Page. Member Support Department open Mon - Fri 8AM - 5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; the answering machine available 24/7. Fax Machine is available 24/7. Earlier a Credit Review finished, loan "Approved" for issue, means sooner loan attracts lenders who commit their $ to fund it. Borrowers who take excessive time for Credit Review to be completed because of their procrastination, then their loan's $ funding lags FAR BEHIND loans listed same day, Credit Review quickly finished in 1 day, and the loan Approved for later issue. The lenders roles are exclusively to fund selected loans; and to ask necessary clarifying questions. A Home Office Credit Reviewer only person who conducts the borrower employment and income verification. They are only person to whom borrower sends ALL required income documents. THIS EMAIL ASKS NO QUESTIONS. I'll revisit later, and then ask questions about loan. Information benefits 1ST time borrower. Lender 505570 U S Marine Corps-RETIRED Virginia Bch, VA Friday 07.09.2010Thanks I read it
Borrower, The loan application shows Income Verification completed (check-marked). But the Credit Review Status shows "In Review". Borrower Credit Review process only ONE-HALF way completed. The Credit Review Status needs to be completed AND upgraded to "APPROVED" for a promissory note to be issued later and after loan funds net $ proceeds can be deposited into your bank account. You need to FOLLOW-UP on this with Home Office Credit Reviewers. Member Support Department open Mon-Fri 8AM-5 PM (support@lendingclub.com 866-754-4094). Home Office is closed Sat, Sun, CA, US Holidays for live telephone calls; but answering machine available 24/7. Emails are answered 24/7. After Credit Status is "APPROVED" your loan will attract many more lenders and their funding $ amount will increase. Today is Friday; you need to act on this A-S-A-P. Lender 505570 USMC-RETIRED Virginia Beach, VA Monday 07.12.2010Lendingclub is in the process of verifying my information, once it is verified they will upgrade it to "approved".
Hi, I am interested in funding your loan. Can you please tell me what your total outstanding credit card and personal loan debt is? Thanks, Ronmy credit card loan is $6000 no personal loan
If loan 100 pct funds, then Lending Club issued standard promissory note has NO prepayment penalty. You selected a 60-months maximum term repayment that offers the most flexability and a lowest monthly payment. Do you intend to payoff this loan early? < 1-yr? 1 to 2-yrs? 2 to 3-yrs? 3 to 4-years? Or use 5-yrs maximum time allowed? [The Length of Time question asks for the answer based on current intentions. Every borrower has the initial idea of how long they will continue to pay on their loans before the final payment occurs. Provide an approximate answer. Answer will help many lenders who read Q-A's, and myself, together to fund your loan.] Advance thanks for answer that help other lenders, and myself, to make informed decision. Lender 505570 U S Marine Corps RETIRED, Virginia Bch, VA Wednesday 07.14.2010I plan on paying back the loan within two years
What are your $ monthly costs (rent, car, utilities, CC debt/loans, insurance, phone/cable/internet, food, gym, childcare/tuition costs as applicable)? Thanks for your answer to this Qmy total expense is less than $2500
Is there a second wage earner in your family and if so how much does he/she earn each month?My wife is working for LAUSD school district part time and her income is $20000/year
Thanks for your response. One follow-up: How much do you pay each month toward your credit cards and how much do you pay for rent, car loans/insurance, and other major expenses (in other words can you put an approximate amount next to major monthly expenses rather than just one total figure)? Thanks!Monthly expenses: credit card $150 rent $750 I have company car Life insurance: $54 food $800 utility: $50 phone:$50 I have company cell phone Miscellaneous expense: $500
If you plan to repay within 2 years, why choose the higher rate associated with a 5 year loan, instead of the 3 year, which still gives you a one year buffer?I like to do it safe. based on my projection I will be able to pay it back in 2 years, but I feel more conforable with a five year term.

 


 

 

 

Member Payment Dependent Notes Series 544117

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

544117

$5,000

$5,000

15.58%

1.00%

July 22, 2010

July 29, 2013

July 29, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 544117. Member loan 544117 was requested on July 15, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: MORTGAGE Gross income: $7,230 / month
Current employer: n/a Debt-to-income ratio: 2.99%
Length of employment: n/a Location: Herndon, VA
       
Home town:
Current & past employers: n/a
Education:

 

This borrower member posted the following loan description, which has not been verified:

 

 

A credit bureau reported the following information about this borrower member on July 8, 2010:

 

Credit Score Range: 679-713 Accounts Now Delinquent: 0
Earliest Credit Line: 02/1998 Delinquent Amount: $0.00
Open Credit Lines: 7 Delinquencies (Last 2 yrs): 0
Total Credit Lines: 14 Months Since Last Delinquency: 60
Revolving Credit Balance: $7,313.00 Public Records On File: 1
Revolving Line Utilization: 75.90% Months Since Last Record: 55
Inquiries in the Last 6 Months: 0    

 

The following answers to questions from lender members were posted by the borrower member:

 

QuestionAnswer
Hello there, I am interested in financing your loan. But I need you to answer these two questions first please: 1. What is the total balance of the mortgage loans and any HELOC you owe on your home? 2. What is the current market value of your home? (use zillow.com if unsure) Thank you.Type your answer here. Balance = $355,000 market value = $425,000
What are you planning to buy?Type your answer here. I have a contract on a foreclose house to buy for $23,000.
Transunion Credit Report shows 1 Public Records on File originating 55 months ago. (Lending Club furnishes lenders the borrowers highly condensed Transunion Credit Report that shows line totals but not individual line items. Lenders c-a-n-n-o-t identify credit grantee, or individual, responsible for legal action that resulted in Public Records. You must obtain copy complete Transunion Credit Report to learn that information. FREE copies of your Equifax, Experian and Transunion Credit Reports are avaiable yearly at www.annualcreditreport.com .) Question Number [1]: What was Public Record? {Court judgment lein? Taxes lein? Wage garnishment lein? If bankruptcy, was it Chapter 7 Assets Liquidation? Or Chapter 11 Debt Reorganization? Or Chapter 13 Wage-earners Plan?) Question Number [2]: What was Public Record final disposition? Advance thanks for answers to BOTH questions. Member 505570 USMC-RETIRED Virginia Bch, VA Thursday 07.15.2010Type your answer here. no it wasnt my acct.
Do you buy and sell real estate for a living? If not, what is your prior experience that will help you to make this a profitable venture. You are self employed? To what extent is your credit score necessary to your continued ability to do business?Type your answer here. Yes I do I am retired
What is your source of income? Thank you.Type your answer here. I am retired on disibility. $7200 a month

 


 

 

 

Member Payment Dependent Notes Series 544344

 

Series of Member Payment Dependent Notes

Aggregate principal amount of Notes offered

Aggregate principal amount of Notes sold

Stated interest rate

Service Charge

Sale and Original Issue Date

Initial maturity

Final maturity

Amount of corresponding member loan funded by Lending Club

544344

$12,000

$12,000

16.45%

1.00%

July 23, 2010

July 23, 2013

July 23, 2015

$0

 

                This series of Notes was issued upon closing and funding of member loan 544344. Member loan 544344 was requested on July 9, 2010 by a borrower member with the following characteristics, which have not been verified unless noted with an "*":

 

Home ownership: RENT Gross income: $2,733 / month
Current employer: Rustic Warehouse Debt-to-income ratio: 16.46%
Length of employment: 10+ years Location: Warwick, RI
       
Home town:
Current & past employers: Rustic Warehouse
Education: