Lending Club Blog

Privacy: We all want it

Privacy is something that everyone wants, but we all know that privacy is how you employ your security measures. We talked about security by using a bit of humor, but we do take it very seriously. Privacy and security go hand in hand, but let’s take the time to go over how we protect your privacy.

From the very beginning of starting the process with Lending Club you will be logging into a SSL (secure sockets layer) server. This uses 128-bit encryption which banks use. According to this article on 40-bit encryption vs. 128-bit encryption, the standard should be good for internet browser security for at least another 10 years. We will of course keep an eye on this, and make sure we are up to date on security issues. This all goes hand in hand with keeping your data and your privacy all private.

Safeguarding your personal information and privacy is of the utmost importance to us. Borrowers and lenders remain anonymous on the site and are identified only by their chosen screen names. Lending Club employs strict procedures for protecting the financial data and other sensitive information we collect from members.

As a borrower, you can share as much or as little information about yourself as you deem necessary to secure funding. Regarding the information we do request, we always tell you which information is required and which information is optional, which information will be displayed publicly on the site and which will remain private. There are no guessing games, and there is no fine print. When information is displayed publicly, it is only tied in to your screen name and not your actual identity, unless yourself decide to make your identity publicly available (by choosing your full name as a screen name for example).

Lending Club will never sell, rent or otherwise distribute your information to other parties for marketing purposes. We only share information about you to credit bureaus for the purpose of obtaining your credit file and reporting payments back to the bureaus and, when necessary, collection agencies.. Read more about privacy here: privacy policy.

Wednesday, May 30th, 2007 at 9:03 am

Comments (2)

  1. Fergus:

    I have an enquiry…. please get back to me.

    May 30th, 2007 at 12:33 pm

  2. Jonathan:

    It’s always good to hear that lending club take our security
    seriously, and 128 bit encryption whilst still breakable, is an
    exceptionally good standard. It is never possible to offer a 100%
    gaurantee that any online transactions are safe, but the fact that
    lending club uses this level of security is very positive

    September 26th, 2010 at 12:01 pm

Recommended

5 Ways to Get Your Finances Ready for the Holidays

How to Build a Budget: Part 1

The State of Debt: 2016

Types of Loans 101

See more
Lending Club Awards
  • Archives z

Recent Posts

5 Ways to Get Your Finances Ready for the Holidays

Read More »
December 1, 2016

How to Build a Budget: Part 1

Living on a budget. It can sound scary, right?… Read More »
November 21, 2016

Five Signs Your Business Needs Capital

Knowing when your business needs working capital— and promptly… Read More »
November 10, 2016

How does a car refinance loan work?

Whether your goal is to lower your monthly car… Read More »
November 2, 2016

Are you paying too much for your auto loan?

How refinancing your auto loan with a better rate… Read More »
October 25, 2016

The State of Debt: 2016

Politics can be a divisive topic, where issues and… Read More »
October 24, 2016

Lending Club Teams Up with United MileagePlus® to Offer Customers More

  When it comes to… Read More »
October 21, 2016

Patrick Dunne: A Message to Investors

I wanted to take a moment to introduce myself… Read More »
September 29, 2016

Line of Credit vs. Loan

Lines of credit (LOCs) and small business term loans… Read More »
September 28, 2016

Types of Loans 101

There are many types of loans out there and… Read More »
September 16, 2016

2014

We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w