Lending Club Borrowers beware! Predatory lender at it's worst! Salt Lake City Utah

We recently bought a house, and, as a result of moving expenses, got a little in over our head with credit cards.

Imagine my relief when I received an offer from Lending Club for a low interest debt consolidation loan, up to $35,000, with an APR Starting at 6.78% . The words up to, and starting at, should be omitted from this offer! 

I was so excited, I could pay off my car, my credit cards, and get a new roof and A/C system for our new home!

I filled out the application for $35,000. I waited anxiously for a reply. My offer almost made me cry. They offered me a whopping $8000, with an interest rate of over 29% !!! My heart sank immediately, it made me feel like sh*t. My feelings quickly turned to anger when I realized what had happened, they were trying to take advantage of my situation by offering me a predatory loan!

I don't have perfect credit, but it was good enough to buy a house. I have NO late payments of any kind. My wife and I both work, but they only consider one persons income. I have 6 accounts open with credit cards, and none of them are maxed out nor do they have late payments associated with them.

The lawmakers of this country need to take a long hard look at what is going on out here. But I think most of the lawmakers condone this behavior, and probably participate in it. The Greed is Good mentality is running rampant in our society, and in my opinion, will be the end of our free society.

Sorry about the ranting, but this really upset me to the core. We will get out of this on our own, but I thought it prudent to report this activity and maybe save others from the Predatory Lending Practices of this company.

If it sounds too good to be true, it probably is!!!

Signed,

An Angry Consumer!