Latest Posts
Home > Ask The Get Out of Debt Experts > I’m in Dire Need of a Debt Consolidation Loan. Lending Club Turned Me Down. – Kevin

I’m in Dire Need of a Debt Consolidation Loan. Lending Club Turned Me Down. – Kevin

“Dear Steve,

I am in dire need of a debt consilidation loan. I applied with Lending Club and did not get approved due to my credit score. I am in the military and im able to afford a consilidated payment i just need to be approved. Do you have any advice what so ever?

Kevin”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Im in Dire Need of a Debt Consolidation Loan. Lending Club Turned Me Down.   Kevin

Dear Kevin,

The different branches of the military have aid societies that can provide for some emergency funding if you are in trouble and need an emergency loan.

Lending Club is a peer-to-peer lender that allows people to lend to people. But like all lenders, they have to make decisions about who is and isn’t a good credit risk. The way lenders do this is by using a credit score and an evaluation of the current situation and open negative items.

In my experience LendingClub.com issues a vast number of unsecured debt consolidation loans to people who meet their lenient standards.

This might be the wake up call you need to focus on rebuilding your good credit so it will be in great shape when you need it in the future. Please read How to Easily Rebuild Your Credit and Have Good Credit Again.

If these items don’t address your particular situation we might have to look at dealing with the debt rather than hunting for a loan.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

Im in Dire Need of a Debt Consolidation Loan. Lending Club Turned Me Down.   Kevin
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

I'm in Dire Need of a Debt Consolidation Loan. Lending Club Turned Me Down. - Kevin by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.