Is Lending Club Legit

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Image Result For Is Lending Club Legit

The answer Lending Club is not a bank. They do not have tellers or vaults like Bank of America or Chase. Instead, Lending Club only accepts loan applications through their website. The money they save by not having bank branches is passed over to their borrowers in the form of lower interest rates..

In this Lending Club review I apply for a loan myself to see what interest rate they give me, and how fast the cash arrives at my bank..Finally, one of the main questions people have with Lending Club is whether or not they are a legit company. Is Lending Club a scam or not? How can you be sure?.Lending Club is a PP platform that allows you to invest in other people's debt with possible higher returns than traditional fixed income investments..With today's pitiful interest rates, it's hard to sit there and invest your money in CD's that are returning percent.So if you've been searching for alternative investments you may already know about Lending Club..