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Lending Club Offering Low Interest Car Loans

November 16, 2009 | Loans | No Comments
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Lending Club is offering very low interest rate for car loans.  Rates are starting as low as 7.89%.

Lending Club allows you to borrow from $1,000 to $25,000 as an unsecured loan that can be used for any purpose such as debt consolidation loans, housing and home improvement loans, auto loans, home and small business loans, student loans, etc.

Lending Club is only available to United States residents.  To qualify borrowers need a FICO score of at least 660 with a debt-to-income ratio (excluding mortgage) below 25%.  Additionally, credit history must prove that you are a responsible borrower:

At least 1 year of credit history, showing no current delinquencies, recent bankruptcies (7 years), open tax liens, charge-offs or non-medical collections account in the past 12 months,
No more than 10 inquiries on your credit report in the last 6 months,
A revolving credit utilization of less than 100%, and
More than 3 accounts in your credit report, of which more than 2 are currently open.

To see if you qualify for a loan visit LendingClub.com.

 

 

 

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