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Tips, tools and insights to improve your financial life.

Latest Resources

The pros and cons of credit cards

The pros and cons of credit cards

Credit cards are a widely accepted, convenient form of payment, but they come with potential drawbacks like high interest rates and fees when not used responsibly. 

Wondering when to teach kids about money? Here's a helpful guide for every age group, from toddlerhood to early adulthood.
Mar 23, 2025
5 min read
Financial lessons to teach your kids at every age
Closing your credit card can hurt your credit temporarily, but there are steps you can take to minimize the effect.  
Mar 22, 2025
7 min read
How to close a credit card without hurting your credit score
Your credit score may be impacted when you refinance your auto loan thanks to a hard credit check, but the effects are typically short-lived.   
Mar 19, 2025
6 min read
Does refinancing a car hurt your credit score?

Personal Finance

The pros and cons of credit cards

The pros and cons of credit cards

Credit cards are a widely accepted, convenient form of payment, but they come with potential drawbacks like high interest rates and fees when not used responsibly. 

Wondering when to teach kids about money? Here's a helpful guide for every age group, from toddlerhood to early adulthood.
Mar 23, 2025
5 min read
Closing your credit card can hurt your credit temporarily, but there are steps you can take to minimize the effect.  
Mar 22, 2025
7 min read
Taking stock of your situation and hedging your risks are crucial for maintaining peace of mind. 
Mar 18, 2025
7 min read

Personal Loan

Consolidating debt often helps your credit—at least over the long term. A lower interest rate and a single fixed monthly payment make it easier to pay down debt, and lower credit card balances and on-time loan payments often help raise your score.
Feb 18, 2025
6 min read
There are many situations when borrowing money, such as when buying a home, financing an education, growing a business, making home repairs and improvements, or consolidating debt (such as with a personal loan), can make good sense.
Feb 11, 2025
7 min read
The time value of money means money today is worth more than the same amount in the future due to its earning potential. It reflects the benefit of receiving money now versus later.
Feb 1, 2025
5 min read
How long until my personal loan is approved?

How long until my personal loan is approved?

Getting approved for a personal loan usually takes a few days depending on the lender, your credit score, and how quickly you submit required documents. 

Personal Savings

​Financial Independence, Retire Early (FIRE) movement explained

​Financial Independence, Retire Early (FIRE) movement explained

What does it take to achieve financial independence early in life? The end goal for many FIRE followers is early retirement—but it’s not the only goal.

What happens when you take money out of a CD before the maturity date? Here's everything you need to know, including how CD early withdrawal penalties are calculated, how to avoid these fees, and when incurring them might be a good idea.
Jun 26, 2024
6 min read
Savings accounts are considered a low-risk and highly liquid place to hold cash—and typically provide a very low annual return. Recently, high-yield savings accounts are proving to be the exception.
Jun 26, 2024
5 min read
Find out how your savings stack up against other people your age—and what you can do to grow your savings at any stage of life.
Sep 18, 2023
10 min read

Personal Checking

Chances are, you’re managing money differently today than you were a few years ago. If your shopping, spending, and money management have moved online and onto your phone, you might want to consider whether an online-only bank is a fit for you.
Sep 30, 2024
7 min read
How to open a bank account online

How to open a bank account online

Opening a bank account online is a convenient way to manage your money without setting foot in a local branch. Today, many online-only banks, traditional banks, and credit unions have easy online applications, so you can shop around and open an account from the comfort of your home.

Auto Refinance

Does refinancing a car hurt your credit score?

Does refinancing a car hurt your credit score?

Your credit score may be impacted when you refinance your auto loan thanks to a hard credit check, but the effects are typically short-lived.   

The total cost of owning a car includes the purchase price, interest on loans, insurance, fuel, maintenance, repairs, taxes, registration, depreciation, and unexpected expenses.
Feb 5, 2025
3 min read
Should you lease or buy your next car? Leasing costs less on a monthly basis and puts limits on how you can use your car. Buying comes with ownership responsibility but will cost you less in the long run.
Jan 15, 2025
7 min read
Timing matters when refinancing an auto loan. So before opting for a new loan, make sure you understand when it’s a good idea to refinance and when it’s better to wait. 
Dec 21, 2024
6 min read

Business Loan

A small business loan can help you get the cash you need to grow your business. Getting a business loan can sometimes be tricky, especially if you’re a new business owner.
Jun 23, 2024
6 min read
7 Recession-Proof Small Businesses

7 Recession-Proof Small Businesses

Some small businesses seem to thrive no matter what the economy is doing. What’s their secret? Here are a few business ideas to consider and tips to help you bake some resiliency into your venture.

Business Checking

5 benefits of opening a business checking account

5 benefits of opening a business checking account

You’ve probably heard the saying, “keep your personal and your business life separate.” Well, the same motto can be applied to your small business banking. When you open a business, one of your first tasks should be to open a ​business checking account.

To open a business bank account, you’ll need to choose a bank, gather documentation to apply, and have funds on hand for an initial deposit.
Jul 9, 2024
5 min read

LendingClub Bank and its affiliates (collectively, "LendingClub") do not offer legal, financial, or other professional advice. The content on this page is for informational or advertising purposes only and is not a substitute for individualized professional advice. LendingClub is not affiliated with or making any representation as to the company(ies), services, and/or products referenced. LendingClub is not responsible for the content of third-party website(s), and links to those sites should not be viewed as an endorsement. By clicking links to third-party website(s), users are leaving LendingClub’s website. LendingClub does not represent any third party, including any website user, who enters into a transaction as a result of visiting a third-party website. Privacy and security policies of third-party websites may differ from those of the LendingClub website.

Savings are not guaranteed and depend upon various factors, including but not limited to interest rates, fees, and loan term length.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,389 for a term of 36 months, with an interest rate of 11.75% and a 6.00% origination fee of $1,163 for an APR of 16.10%. In this example, the borrower will receive $18,226 and will make 36 monthly payments of $642. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 72 months. Some amounts, rates, and term lengths may be unavailable in certain states.

For Personal Loans, APR ranges from 7.90% to 35.99% and origination fee ranges from 0.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of Jan 9, 2025 and are subject to change without notice.

Checking a rate through us generates a soft credit inquiry on a person’s credit report, which is visible only to that person. A hard credit inquiry, which is visible to that person and others, and which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person. Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history.  

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. ​Deposit accounts are subject to approval. Only deposit products are FDIC insured.

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