Today we’re proud to say we’ve helped more than 3,000,000 people on their path to financial well-being. Alice, an army veteran and local law enforcement officer from New York, is LendingClub’s 3 millionth member.
To celebrate, LendingClub paid off Alice’s $40,000 loan in full.
She was thrilled (to say the least), and helped mark the milestone by joining the company’s executive team at the New York Stock Exchange.
“With LendingClub, I’m credit card debt free, and able to use the extra money I’m saving to help pay down my mortgage.”—Alice, a member from New York*
At LendingClub we’re inspired by the thousands of people like Alice who come to us every day looking to pay down their credit card debt. Not only that, we’re motivated by being able to deliver this service at an accelerating rate.
“It took us 8 years to reach our first million borrowers, two years to reach our second million and a little more than a year to reach our third million,” said LendingClub CEO Scott Sanborn. “We’re excited to see Alice’s financial journey progress and celebrate all our members for taking that first step toward financial independence.”
If you’re ready for your first step, we can help. Join our Financial Health Club Facebook community—a supportive, judgment-free space that encourages money talk. Or simply check your rate to get started with paying down high-interest debt (like Alice did), making a major purchase, refinancing an auto loan, or kicking off a home improvement project.
To ensure balance in our marketplace, we make periodic adjustments based on investor feedback, marketplace demand, loan performance, and…READ MORE
By Armen Meyer, Vice President for Regulatory Strategy and Public Policy at LendingClub Consumer spending comprises two-thirds of the…READ MORE