Car financing

Borrower Member Loan 444464 | Lending Club Prospectus

New to Lending Club? Learn more about Investing or getting a loan.

Amount Requested
Loan Purpose Car financing
Loan Grade A3
Interest Rate 7.74%
Loan Length 3 years (36 payments)
Monthly Payment $185.76 / month
Funding Received $5,950 (100.00% funded)
Investors 103 people funded this loan
Note issued on 9/23/09 1:05 AM
Note Status Fully Paid
Loan Submitted on 9/20/09 3:38 PM

Borrower Profile

This information is only accessible once you register as an Investor. Please sign in or join now.

Loan Description

I have excellent credit and I am interested in obtaining a loan.

Questions & Answers

Q: Why aren't you using traditional banks for this loan? I'm sure you can find $6,000 for less than 7% with a 780+ credit score...
A: (09/21/2009-06:59) - I tried speaking with the bank that holds my car note and they were unresponsive. I tried taking a loan on my life insurance and they wanted 8%. My credit score is probably a little less than 780 somwhere between 760-770. I am also interested in testing the whole peer to peer lending idea.

Only registered Investors can ask questions.

Financial Innovation

If the financial markets were as open as Lending Club... the combined efforts and innovations of all investors would make the system as a whole more secure.


Featured Borrower


"The interest rate on my loan through Lending Club is a third less than what I was paying before, and it’s very satisfying to know that there is an end date for being done with my debt."