Do Lending Club loans show on credit report?

+1 vote
asked Dec 7, 2018 in Other-Finance by Duality (210 points)
Do Lending Club loans show on credit report?

1 Answer

0 votes
answered Dec 7, 2018 by lulumeon (40,870 points)
The lending club loan is what is known as a soft query which means that it won't show up on your credit report when you apply for the lending club loan however once you've been approved for the lending club loan and start making payments then the lending club loan will be shown on your credit report for the on time payments.

If you miss payments then it will negatively affect your credit score but if you're on time with your lending club loan payments then your credit score will increase overtime.

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