What does LENDING CLUB mean on my credit report?

Learn about LENDING CLUB, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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LENDING CLUB is shorthand for LendingClub Corporation, with the company name being LendingClub Corporation Inc

Over time we present you with a loan offer (s) based on what you can qualify for currently. Our average aprs are lower than the average credit card apr, so our members typically save over 1,000 dollars in financing fees — and often improve their credit score.

LENDING CLUB is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with LendingClub Corporation.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney
  • ⚫ Unsecured

How do I contact them?

Here is the current contact details for LendingClub Corporation:


  • P.O. Box 884268

Los Angeles, CA 90088-4268





You can make a payment by opening an account with LendingClub Bank which offers various products and services and provides FDIC insurance up to $250,000 per depositor for each ownership category. There are also various forms you can download for requesting services, converting an account, or changing an address. Customers are protected by 256-bit encryption, and deposits are FDIC-insured up to $250,000 per depositor for each ownership category. The only payment options offered are digital banking, direct deposit, wire transfers, and online banking. There are penalties for late or missed payments, such as fees and increased interest rates.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? No
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Loans are not forgiven and cannot be consolidated through this company. Qualification requirements for loan forgiveness vary depending on the type of loan and program.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online, over the phone, or in person with LendingClub Bank. Financial products and services are only available online. LendingClub Bank provides access to a broad range of financial products, services, and educational resources, including the ability to apply for loans via their mobile app. you can apply for a loan with a cosigner at LendingClub Bank. Credit products are subject to credit approval and deposit accounts require approval. All products are FDIC-insured up to the highest possible amount allowed.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? No
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

LENDING CLUB IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove LENDING CLUB from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.