Is LendingClub Out Of Business?
In October 2020, the company ceased all new loan accounts on their website as part of restructuring into a neobank after the acquisition of Radius Bank. As of December 31, 2020, Lending Club will no longer operate as a peer-to-peer lender.
If you do not pay it, then your debt will be sent or sold to collections. ... This is why you need to be aware of your rights regarding how debt collectors may treat you. Finally, you will be sued. LendingClub loans are unsecured, which means they will need a court judgment to get their funds from you.
How to Beat a Lending Club Charge Off | SoloSuit Blog
Companies that sell their P2P lending operations or loan books. Some P2P businesses have sold their operations and even their existing loan books to a financial institution, which then discontinued the online lending platform. This is another soft close, leading to a return of individual lenders' money.
What Happened To P2P Lending Companies That Closed? - 4thWay
Who bought Radiusbank?
1, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC) today announced the completion of its acquisition of Radius Bancorp, Inc. and its digital bank subsidiary, Radius Bank ("Radius").
LendingClub Closes Acquisition of Radius Bancorp