Borrower Credit Profile Authorization

SUMMARY: This agreement acknowledges your permission to obtain your credit report and other information from credit bureaus and other third party information services. As described below, this information may be used to process your loan application, verify information that you provided, and provide non-personally identifiable information about you to potential investors in your loan. You should read this agreement in its entirety.

Borrower Credit Profile Authorization

Credit Profile Authorization

Last updated February 1, 2021

Please read this Authorization carefully and print or save a copy for future reference.

In this Credit Profile Authorization ("Authorization"), the words "you" and "your" mean any person authorizing us to obtain and use such person's consumer reports, as described below. The words "we," "us," "our," and "LendingClub" mean LendingClub Bank, National Association.

Pursuant to this Authorization, you consent to LendingClub using your consumer reports for any lawful purpose, including but not limited to: (1) authenticating your identity; (2) making credit decisions; (3) marketing products and services from LendingClub or a third party; (4) assisting with internal modeling and analysis; (5) servicing your loan; and (6) facilitating the sale of your loan or interests associated with your loan (or portions thereof) to third party loan investors, and for related purposes. In connection with these purposes, you authorize LendingClub to share all or parts of your consumer reports with agents, partners, counterparties, or affiliates.

You direct LendingClub to provide on your behalf certain elements of your application, as well as consumer report information, but not including your name, to third party loan investors to use this information in making decisions whether to commit funds to purchase your loan and/or securities or other interests associated with your loan (or portions thereof). Such decisions, in turn, may assist LendingClub in making decisions related to your loan. You also authorize LendingClub to provide such information to third party loan investors in connection with the sale or resale of your loan and securities or other interests associated with your loan (or portions thereof).

You also authorize LendingClub to verify information in your application, and you agree that LendingClub may contact third parties to verify any such information.

You authorize and agree that LendingClub may transfer or otherwise provide your credit report or any information contained therein to any successor-in-interest of LendingClub or any purchaser or servicer of your issued loan, including certain third party loan investors, whether in whole or in part.

By clicking the button, or selecting the checkbox, displayed in connection with acknowledging and/or agreeing to this Authorization (or by otherwise taking an affirmative action indicating your agreement to this Authorization), you agree that:

  • You have received, read, and agree to all of the terms of this Authorization; and
  • You authorize us to obtain and use consumer reports and related information about you, now and periodically for as long as you remain a customer of LendingClub, from one or more consumer reporting agencies, as described above.

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