Lending Club Corp

Financially Illiterate 80-Year-Old Dad Needs Help, Please Hello to all the wise investors. My father is retiring at 80 years old from the US Government after 55 years in a low-level role. He has had to work so long to support family. He is financially illiterate as is everyone in my family. I would greatly appreciate guidance based on his age and finances below. He had a stock investment go bad years ago, so has been weary of risk and doesn’t want to risk losing the balances below. Last year, I saw my parents had $150,000 in no-interest checking. They simply don’t know better, so I had them move money to a HYSA at Marcus/Goldman Sachs which they recently moved mostly to Lending Club HYSA at 4.0%. Assets IRA Annuity (Husband), Midland National (since 2014) = $118,000 but only taking out $6,000/year RMD. Thrift Savings Plan (Husband), US Government / G Fund low risk = $254,000 (He can transfer after retirement, will need to start RMD.) High-Yield Savings (4.0%) Lending Club = $230,000 High-Yield Savings (3.5%) Goldman/Marcus = $38,000 Savings bonds, nearly all 100% matured = $89,000 Checking at Bank = $35,000 (Must maintain $20,000 balance for services) Total: $764,000 40-year-old house value (paid off): $800,000 but needs $100,000 + work (new septic, well, siding, etc.) Total if both parents died tomorrow and nearly $500,000 in life insurance policies cashed out: $2,064,000 Estimated monthly income after retirement and after tax: Pension (Husband) = $5,493 Social security (Husband) = $2,096 Social security (Wife) = $897 IRA - Fixed Index Annuity (Husband) = $400 HYSA (Lending Club) = $750 HYSA (Marcus) = $100 Total: $9,737 But, from my estimates, they may have $9,000 in monthly expenses (insurance, utilities, food, household, cars, family support, etc.). My main questions: 1. What should he do with $254,000 in Thrift Savings Plan? 2. What should he do with $268,000 in HYSA? 3. What should he do with $89,000 in matured savings bonds?

I was led to believe I was approved for the loan if I send in 629.00 for the insurance protection on the loan. They kept deposit money into my account and had to return that money back to them through Cash app. They denied me of the loan because my credit score was low. They told if I send in 629.00, I will automatically get approved and the loan money will be in my account. The loan was for 3000.00. Now they came back and told I needed additional money for 579.00, which they didn't tell what it was for. I told them I wanted my 629.00 back and they can do that. I reached out to them on Monday morning, all of this took place over the weekend. I've followed up about my refund, and they are responding to my text or my calls. I'm very upset. [BBB Scam Type: Advance Fee Loan] [Business: Imposter Lending Club Inc Date Repor] [Location: FL, USA - 32310]

I received a loan offer, they logged into my checking account and scammed me out of money [BBB Scam Type: Advance Fee Loan] [Business: Lending club] [Location: CA, USA - 95386]

I was applying for loans . They sent me documentation I was approved . It seemed sketch , but then Nancy Barker text me then called me . I got on Lending Club website and applied then, I was denied . I told her I didn’t want to speak with her again that it was sketchy. She was texting and tried everything she could to get me to call her. They sent documents for me to sign by email and all [BBB Scam Type: Other] [Business: Imposter Lending LLC / Lending Club/Payday loan servicing] [Location: IN, USA - 46140]

I applied for a loan online with Lending Club. After providing my bank information, $150.00 was deducted from my account (for a loan processing fee). [BBB Scam Type: Advance Fee Loan] [Business: Lending Club] [Location: IL, USA - 60649]

I was looking for a loan and then was called by them.They told me that if I paid a hundred dollars, I could get a loan for 500p dollars, I just needed to pay the insurance. [BBB Scam Type: Advance Fee Loan] [Business: Lending Club] [Location: RI, USA - 02914]

Received a call about a personal loan. They gave me an amount to pay over three years and an amount I needed to pay for my bills. I tried to check them out, but I am desperate as I may be evicted from my apartment. So I did what the scammer said. He asked for my bank account and my password and I knew that was odd because an EFT transaction only requires a bank account and routing number. I did it anyway and then they kept depositing a little bit and then taking it back. I thought it also strange that they kept saying it was me trying to deposit into my own bank account by using online account. I was told to call the bank so they could release my pending transactions into the account and I told them it was a loan instead of it being me. They confirmed fraudulent transactions were on my account. So I had to close my account and open new ones. In the meantime I am still on schedule to be evicted. [BBB Scam Type: Phishing] [Business: Lending Club] [Location: NJ, USA - 08052]

The targeted was approached about an approved loan for up to 10000 and was given an email and phone number to contact a name to follow through which was then asked for his name and info and bank infoto verify to get funds. Was then asked to get apple card and take pictures of card and send to scammer. Afterwards, they said they would generante a reference code which was later said to not b able to b activated without paying for an insurance for the loan i case something happened and could not finish paying the loan back. [BBB Scam Type: Advance Fee Loan] [Business: Lending club loan company Date Repor] [Location: GA, USA - 30276]

I keep getting calls from out of state numbers offering me a personal loan. Ive never asked for a loan. I waited on the line until I got a representitive and asked them to remove me from their list. I am still getting calls two to three times a day from the same company. [BBB Scam Type: Advance Fee Loan] [Business: Executive Lending Club] [Location: CA, USA - 92704]

I was contacted by a Rachel White **** ******* ****** ** ******* ********. She said I had qualified for a personal loan for my dad‘s cancer treatment of $7000 monthly payment 103.00.. First she asked for my bank, routing number and account number to wire verify funds that I would have to send back and then would be allocated the full loan amount. Then she said they needed my ONLINE SIGN IN USER & PASSWORD! When I hesitated, she then transferred me to another woman **** ****** named Jeanette Brown. She stated “No Worries, You can change BOTH USER ID & PW, once we complete your loan. [BBB Scam Type: Advance Fee Loan] [Business: LENDING CLUB Imposter] [Location: AZ, USA - 85138]