Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #1136379

Complaint Review: Lending Club - Nationwide

  • Submitted:
  • Updated:
  • Reported By: kdlivereport — Pasadena California
  • Author Not Confirmed What's this?
  • Why?
  • Lending Club Nationwide USA

Lending Club Installment Loans Payday Loans Fake Names 347 area New York New York

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

I've received calls from several different 347 area code numbers. Each representative has what I'd consider an Indian accent, and all have what could be assumed fake names. Mark Wardson was the last, but all of the names are very "American", yet all reps have a heave accent. They offer $1000+ loans with no collateral, no paperwork, just "income verification". What they really want is the upfront money they have you put on a card or wire, for $150-$400, depending on the amount of the loan requested. They advertise a low 10%-12% interest rate on an installment loan, but I've read SEVERAL reviews and complaints, all reporting being scammed out of the upfront money. The company will take that money and then ask for more processing fees and the like, that they don't tell you about at first. If you refuse to pay the additional, they keep what you sent to initiate the loan and prove your payment ability. It's a load of crap, and I'm not falling for it. These vultures prey on people with bad credit, and those in tight situations.

They just keep calling from different numbers, but the M.O. remains the same, as do the accents, the fake sounding names, and the fake business names. I've heard "Lending Club", "United Cash Advance", and a couple more. Fake website listings too, but they'll never give you a website of their own to verify who they are. Direct lenders have more to back up their claims and offers. Credit ratings under 620 would not qualify for interest rates under 29%, unfortunately, and ESPECIALLY without collateral or asset consideration. Anybody else in a bad credit situation, DON'T BELIEVE THE HYPE! Find a local credit union and plead your honest case. There are installment loans out there with interest rates in the APR 60% and up range that are more legit, albeit pricey. CREDIT RATING 600 or BELOW, NO COLLATERAL:  You'll be lucky to find a 130%-200% APR, or in that range. Anything less could very likely be bullsh*t, so do some research and DO NOT FALL FOR UP-FRONT FEES!!! I've taken out 2 installment loans with APR 135% to 220% in desperation, but those rates are WAY better than what some of these companies will stick you with, and my credit is below 600. Don't settle for the robbery out there until you shop around.

 

This report was posted on Ripoff Report on 04/04/2014 02:16 PM and is a permanent record located here: https://www.ripoffreport.com/reports/lending-club/nationwide/lending-club-installment-loans-payday-loans-fake-names-347-area-new-york-new-york-1136379. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now