How to Cancel Lending Club

Lending Club is also known as

  • Lending Club

About Lending Club

Financial services provider LendingClub is based in San Francisco, California. It was the first peer-to-peer lender to offer loan trading on a secondary market and to file its offerings with the Securities and Exchange Commission (SEC) as securities. According to the business, as of December 31, 2015, loans totaling $15.98 billion had been originated via its platform. Borrowers could make unsecured personal loans between $1,000 and $40,000 using LendingClub. Three years was the typical borrowing term. Using the information provided about the borrower, loan amount, loan grade, and loan purpose, investors can search and peruse the loan listings on the LendingClub website and choose loans that they wanted to invest in. The interest on these debts was profitable for the investors. By charging investors a service charge and borrowers an origination fee, LendingClub generated revenue. Through WebBank, a state-chartered industrial bank with headquarters in Salt Lake City and FDIC insurance, LendingClub also offers conventional direct-to-consumer loans, including car refinancing transactions. The loans are assigned to other financial organizations rather than being funded by investors. In what turned out to be the biggest technology IPO in the United States in 2014, the company raised $1 billion. Though viewed as a pioneer in the fintech industry and one of the largest such firms, LendingClub experienced problems in early 2016, with difficulties in attracting investors, a scandal over some of the firm’s loans, and concerns by the board over CEO Renaud Laplanche’s disclosures leading to a large drop in its share price and Laplanche’s resignation. 2020 saw LendingClub purchase Radius Bank and announce that its platform for peer-to-peer lending would be shutting down. No new loans are available for individual investment; however, current account holders will continue to receive interest on outstanding notes until each loan is repaid in full or defaulted. Additionally, it is no longer feasible, as it once was, to sell current loans on a secondary market. By including information about themselves and the loans they are looking to apply for, LendingClub gave borrowers the ability to make loan listings on its website. Each credit was unsecured and ranged in size from $1,000 to $40,000. LendingClub determined whether the borrower was creditworthy and gave its approved loans a credit grade that determined the payable interest rate and fees based on the borrower’s credit score, credit history, desired loan amount, and debt-to-income ratio. Three years was the usual loan term; a five-year term was also offered, but at a higher interest rate and with extra fees. The loans are repayable at any moment without incurring any fees. On the LendingClub website, notes could only be purchased by investors from 39 US states. Using the information provided about the borrower, loan amount, loan grade, and loan purpose, investors were able to search and peruse the loan listings on the LendingClub website and choose loans that they wanted to invest in. The only interest rates available for the loans were those set by LendingClub, but buyers could choose how much to invest in each borrower, with a minimum of $25 per note. Interest generated profits for investors. Depending on the credit grade given to the loan request, rates ranged from 6.03% to 26.06%. These requests were graded in order from A to G, with A being the highest rating and lowest interest loan. These letter grades were divided into five smaller subgrades, numbered 1 through 5, with 1 being the best. By charging investors a service charge and borrowers an origination fee, LendingClub generated revenue. The origination fee varies from 1.1 to 5.0% of the loan amount depending on the credit score. The utility charge was 1% of all sums paid by the borrower. The business enabled interest rates for lenders and borrowers that are superior to those they would get from most banks. Between its inception and 2013, it provided investors with returns that ranged from six to nine percent on average. Lenders’ profits, however, were taxed as personal income rather than investment income since they were making personal loans to users. Since investments are taxed at the capital gains rate, revenue from LendingClub loans may be taxed at a higher rate. LendingClub revealed in February 2020 that it had reached a deal to acquire Radius Bank for $185 million in cash and stock. The transaction marked the first time a U.S. “fintech” lender acquired a controlled bank since the financial crisis of 2008. It was incorporated into the LendingClub name in 2021. The Massachusetts Carpenters Union used pension money to establish Radius in 1987 as First Trade Union Bank. The bank, however, struggled when it made significant investments in business real estate during the subprime mortgage crisis. It changed its identity to Radius Bank in 2014. To comply with Dodd-Frank regulations, private investors had purchased roughly 95% of Radius Bancorp by June 2016.


Get together the following account information:

  • First Name
  • Last Name
  • Phone Number
  • Email Address
  • Username
  • Password
  • Billing Address
  • City
  • State/Province/Region
  • ZIP/Postal Code
  • Country
  • Reason for Cancellation
  • Last 4 Digits of Card
  • Date of Last Charge
  • Amount of Last Charge


Follow these steps:

  1. Compose an email and include your account information
  2. Tell the rep you need to cancel within the body of the email
  3. Request that the agent emails you confirmation or gives you a verbal confirmation code in reply to your email
  4. Send your email to [email protected]
  5. Keep the proof given to you for your records

MORE ABOUT Lending Club

Address 171 Stevenson Street
Address 2Suite 1000
CitySan Francisco
Zip/Postal Code94105
CountryUnited States
Contact Information
Phone 1888-596-3157
Phone 2415-632-5600
Email 1[email protected]
Email 2[email protected]
Email 3[email protected]
Twitter Url
Facebook Url
Main Site Url
Help Site Url
Terms Of Service Url
Privacy Policy Url

Known Lending Club charges

  • 8885963157 LENDING CLUB T925336697 INTERNET PAYMENT
  • 8885963157 LENDING CLUB T925535768 INTERNET PAYMENT
  • ACH – LENDING CLUB 888596315
  • ACH Transaction – LENDING CLUB 8885963157
  • CHECKCARD Lending Club
  • CHKCARD Lending Club
  • CHKCARDLending Club
  • Deposit from LENDING CLUB 8885963157
  • External Withdrawal LENDING CLUB
  • Lending Club
  • LENDING CLUB 8885963157
  • LENDING CLUB 8885963157 PPD ID: C510605731
  • LENDING CLUB 8885963157 PPD ID: E510605731
  • LENDING CLUB 8885963157 T939
  • LENDING CLUB 8885963157 T943
  • LENDING CLUB 8885963157 T947
  • LENDING CLUB 8885963157 T952
  • LENDING CLUB~ Future Amount: 380.09 ~ Tran: ACHDW
  • LENDING CLUB T916893118 WEB ID: F510605731
  • LENDING CLUB T917380544 WEB ID: F510605731
  • LENDING CLUB T918299204
  • LENDING CLUB T918332872
  • LENDING CLUB T920449661
  • LENDING CLUB T921049172
  • LENDING CLUB T933304240
  • LENDING CLUB T9385448
  • LENDING CLUB T942966481 Kayzim Suarez
  • LENDING CLUB T9430103
  • LENDING CLUB T943103163
  • LENDING CLUB T943485286
  • LENDING CLUB T943485286 Sunil Ramaiah
  • LENDING CLUB T944087743
  • Misc. Debit Lending Club
  • OTHER DECREASE Dec 28 05:31 LENDING CLUB T932798204
  • OTHER DECREASE Feb 16 06:15 LENDING CLUB T938681037
  • OTHER DECREASE Jan 06 06:27 LENDING CLUB T933450228
  • OTHER DECREASE Jan 12 06:34 LENDING CLUB T934065123
  • OTHER DECREASE Jan 20 06:39 LENDING CLUB T935248542
  • OTHER DECREASE Jan 26 06:20 LENDING CLUB T935774692
  • OTHER DECREASE Jan 29 06:48 LENDING CLUB T936190614
  • OTHER DECREASE Mar 16 06:45 LENDING CLUB T943086273
  • PENDING Lending Club
  • POS Debit Lending Club
  • POS PURCHASE Lending Club
  • POS PURCH Lending Club
  • POS PUR Lending Club
  • POS REFUND Lending Club
  • PRE-AUTH Lending Club
  • Visa Check Card Lending Club MC
  • Web Authorized Pmt Lending Club
  • Withdrawal from LENDING CLUB 888
  • Withdrawal from LENDING CLUB 8885963157
  • Withdrawal Lending Club
  • Withdrawal Lending Club 180
  • Withdrawal Rent 370 Lending Clu