If you’re struggling with debt and looking for help managing it, meeting with a credit counselor might be a logical first step. Credit counselors can help you create a budget, find ways to reduce your debt or enroll you in a debt management plan (DMP). But before you enter into...
Debt 101
How debt management differs from debt consolidation
If you’re in debt and don’t see an easy way out, you might have started investigating your options. That could include two similar-sounding debt relief options: debt management and debt consolidation. What's the difference? While both options involve combining several outstanding balances into one balance that you can make a...
What is debt management?
If you’re struggling with mounting debt, you probably already know the challenges that high interest rates and fees can present. But if you have consistent income and, ideally, a bit of money in savings, debt management may be an option to remedy these challenges. So, what is debt management? Consider...
Can I consider the account balances on my accounts as a payoff balance?
No. There are a number of factors that go into determining your actual payoff amount with your lender. The balances you see on Resolve reflects the information thats been reported to TransUnion at the time of our most recent sync. To get an accurate payoff amount, you will need to...
My debt balance is different from what I see in my lender portal. Why?
Let's explain how we update your Credit Status page. You make a payment to your lender. Your lender will then update their systems to reflect your new balance. Your lender will then report your latest payment and other information to the credit bureaus. We will pull the latest information from...
Where do you get my credit information?
We have partnered with TransUnion to perform soft-pulls of your credit report on a regular basis. Any information we have on file comes exclusively from TransUnion.
Will your service impact my credit score?
No. We perform a soft-pull of your credit score from TransUnion. This will not impact your credit score in any way.
A lender pulled my credit report but they show a different score than the score I see on my Credit Status page. Why?
Here at Resolve, we pull information from TransUnion. The score and information on your credit report is exactly what TransUnion has on file. There a re a few reasons the score the lender sees is different than the score you see on your Credit Status page. They are reviewing a...
Spending Category Analysis
Tracking transactions across many accounts can be difficult. It's even more difficult to analyze your spending across all these accounts. Our Budget tool allows you to track your spending by category across all your connected account. Want to know how much you're spending on eating out? We have a category...
Multi-account transaction tracking
Virtually everyone has multiple accounts to track. This makes it hard to stay on top of each account. Our Budget feature helps you stay on top by allowing you to view all these accounts in a single place and track your spending. You can see all your accounts and balances...
What kind of notifications and alerts will you send?
We have a number of notifications and alerts designed to keep you informed on your spending activity as well as alert you to help you stay on budget. Daily Balance NotificationWe will send you an SMS every morning to keep you updated with your balance for each connected account. Large...
How do Monthly Bills work?
Our Monthly Bills feature is designed to help you track which reoccurring bills you've paid and which are scheduled to be paid later in the month. This information helps us determine your Left to Spend amount.
What does Left-to-spend mean?
Left-to-spend is the amount of money you have left to spend in the current month. We factor in your projected income and your Monthly Bills to determine how much money you have left over for day-to-day living expenses. Remember, this is only an estimate.
What is the difference between debt settlement and debt forgiveness?
Debt settlement is a form of partial debt forgiveness. When you settle a debt, your creditor is technically agreeing to FORGIVE a portion of your debt in exchange for you paying a certain amount within a certain time frame. For example, let’s say you owe $5,000 to your creditor and...
When does the remainder of my balance get forgiven?
When a creditor agrees to settle a debt, they are agreeing to accept a percentage of the original balance, in exchange for which they will forgive the remainder of the debt. The creditor will forgive the remaining balance of your debt when the settlement is paid within the time frame...
I received a settlement offer from my creditor, but when I log into my online account with my creditor to schedule a payment it still says I owe the full original balance. What’s going on? Is it safe for me to make a payment?
As long as you have a settlement letter from your creditor, it is safe to make a payment no matter what it says in your online account. The letter will supersede any other agreements you have with the creditor. Unfortunately, most creditors and collectors do NOT update your online account...
What is a settlement letter?
A settlement letter is a written offer from a creditor to settle a debt, and serves as legal documentation of this arrangement. A settlement letter is a legally binding agreement on both you and the creditor, and technically replaces your original contract with them. As long as you follow the...
What is the goal of Creditor Offers?
Creditor Offers is designed to open a dialogue between you and your creditors. In general, your creditors want to help you get back on your feet and are willing to offer many types of concessions like refunding fees or lowering balances. Creditor Offers makes it quick and easy to find...
How does Creditor Offers work?
It's quite simple. We contact your creditors on your behalf. Present your situation to them and get you obligation-free offers. We contact two creditors at a time in any order you'd like. We typically suggest starting with your largest balances or most delinquent accounts.
What types of offers will I get?
This really depends on the individual creditor, type of debt, and stage of delinquency. For example, if your account is in good standing (i.e. you've been making on-time payments), offers are generally fee refunds, lower interest rates, or payment deferments. If you are behind on payments, you'll likely be offered...
What are the fees?
There are no additional fees associated with Creditor Offers but we encourage and appreciate "tips" based on successful offers. Tips are an important part of our business model and help us keep the lights on and build amazing technology for you.
How much should I tip?
A normal tip equals about 15% of what we've saved you. If we save you $100, we'd love a tip of $15. Seems fair and reasonable, right? It also works out to be about 90% less than a traditional provider.
Is this a Debt Settlement Program?
This is not a "traditional" debt settlement program, but we can help you settle your debts for less than you owe by getting individual offers from your creditors.
How is this different from Debt Settlement?
Here are just a few key differences…1) we don't charge ridiculously high fees, 2) we start contacting creditors immediately, 3) we'll get more than just settlement offers, 4) we don't require a special bank account, 5) we don't have high-pressure salespeople, 6) we don't sell your personal information to other...
Is this a Debt Management Program?
This is not a "traditional" debt management program as offered by Credit Counseling Agencies, but we can help you lower your interest rates by getting individual offers from your creditors.
How is this different from Debt Management?
Here are just a few key differences…1) we'll get you offers that including settling for less than you owe, 2) we work with all types of creditors and account types, 3) we don't require you to close your accounts, 4) our offers are more flexible.
How do I make payments?
We will handle the payment for you, free of charge. There is no need for you to ever speak with your creditor. We also provide you with the necessary paperwork with payment instructions in case you prefer to set the payment up yourself.
Will I get calls from collectors?
This is a tricky question. We'll help you manage and reduce the stress associated with collection calls but we don't want to block them completely. Blocking communication from your creditors increased the probability that they will sue you and makes it harder to get great, money-saving offers.
Why does it take a few days to get an offer?
Your situation is unique and creditor's policies and offers are always changing. So in order to get you the best and most accurate offers, we need to contact each creditor individually.
Does Resolve provide ongoing support?
Our real-human experts will be at your fingertips each step of the way.
What is Resolve?
Resolve Innovations, Inc. is a financial technology company on a mission to help people struggling with debt. We're a Public Benefit Corporation which means doing the right thing for you is in our DNA.
What does Resolve do?
Resolve is a membership program that 1) gets offers from your creditors, 2) give access to a personal debt expert, 3) monitors your credit score and reports, and 4) creates an easy to use budget with daily alerts.
How does Resolve make money?
Resolve makes money in three ways...1) our members pay a monthly subscription fee, 2) our members give us "tips" based on successful creditor offers, and 3) some of our partners pay us for leads or referrals when Resolve is unable to provide the necessary service (like filing for bankruptcy).
How much does Resolve cost?
We believe in trust and fairness, so we allow our members to choose how much they pay us. On average, members pay about $17 per month. Offer "tips" average about 15% of what we saved.
Is my information secure?
It sure is. We use bank-level 2048-bit SSL encryption and our databases are all encrypted like the Department of Defense and NASA!
Student loan deferment vs. forbearance: What’s the difference?
Making student loan payments isn’t always easy. And it becomes extra challenging if your income drops, you decide to go back to school, or you’re experiencing a health issue. Student loans offer two somewhat unique options — deferment and forbearance — to get you through times when making your payments becomes...
What are personal loans and how do they work?
Need to renovate your home, pay for a medical procedure, or consolidate credit card debt? Then you might be in the market for personal loans, which are consumer loans mainly given out by banks, credit unions and online lenders. Most of these loans are unsecured, meaning you don’t need collateral,...
What’s a foreclosure bailout loan and is it a good idea?
When you’re facing foreclosure, it’s tempting to look for a fast fix that will keep you in your home. Foreclosure bailout loans offer just that. But with all the scammers and predatory lenders looking to take advantage of desperate homeowners, it’s tough to know which options are safe — and...
Should I use a personal loan to pay off my credit card debt?
One of the biggest drawbacks to credit card debt is how expensive it can be. If you don’t pay off your balance month to month, you’ll wind up paying interest, which can quickly add up considering the average credit card APR is 17.27%. If you have a lot of high-interest...
What is a personal loan forbearance and is it a good idea?
When people talk about loan forbearance or deferment, often they’re talking about student loans. But forbearance — where a lender agrees to temporarily reduce your loan payments or even allow you to stop making payments altogether — is an option for some personal loans, too. For people who have fallen...
Can debt collectors take my house?
Legally, it’s true that debt collectors could get a judgment in court that would force you to sell your home to repay a delinquent debt. In practice, however, this rarely ever happens. That’s because forcing you into an involuntary foreclosure is costly and time-consuming, says debt relief expert and Resolve...
How do I avoid foreclosure?
In times of crisis, housing and food should be our two top priorities; however, in light of the severe loss of income millions of Americans are suffering right now, the fear of foreclosure is real. The good news is that unlike the 2008 financial crisis, banks typically aren’t foreclosing to...
What is a reverse mortgage & is it a good idea?
For many people, the biggest asset they own is their home. But the only time that asset’s value is actually usable is when they sell their home or borrow against their equity. One example of the latter is a reverse mortgage. Despite its name, a reverse mortgage is actually a...
How can I get a personal loan if my credit is bad?
Consolidating credit card debt? Renovating your home? If you need more financial flexibility or a fast influx of cash, you may want to consider taking out a personal loan. Personal loans are often considered “good debt,” because they generally come with lower interest rates than credit cards. However, how fast...
Coronavirus scams: how to protect yourself
Grifters, scam artists, snake oil salesmen — whatever you call them, people who try to con others out of their hard-earned money have always been with us. But crises and the ensuing panic some people feel tends to bring out even more of them. The coronavirus pandemic is no exception....
How to deal with credit cards and other debts during the coronavirus crisis
I’ve been helping people triage problem debt full time since 1999. Over that period of time, there’s little I haven’t seen happen to blow up someone’s personal finances. Then comes a global pandemic. And this crisis is unlike anything we've seen before. This is uncharted territory for all of us....
Federal student loan relief: what you need to know
For the 44 million Americans with federal student loans, there’s a bit of welcome news. On March 20, U.S. Secretary of Education Betsy DeVos announced that the office of Federal Student Aid is providing student loan relief to its borrowers during the COVID-19 national emergency. Breaking down the announcement, the...
What are car title loans & what are the risks?
Car title loans are one type of fast funding that carry a steep price in terms of interest and fees. These short-term, high-interest loans put you at risk for losing your car if you can’t repay them. Here's how they work and other options to consider. How car title loans work...
4 tips for finding the right bankruptcy attorney for you
Not all bankruptcy attorneys are created equal. That’s not shocking: After all, the same could be said about finding help in any profession that requires expertise and training. But there are some things I would encourage you to look out for when you’re interviewing a bankruptcy attorney. Editor’s note: A...
The pros & cons of secured and unsecured personal loans
If you need more financial flexibility, you might be thinking about taking out a personal loan. But with so many types of personal loans available, it can be tough to tell which will best fit your needs — and your budget. How you plan to use the money, how long...
Is it possible to lower your credit card interest rates?
Believe it or not, you can call your credit card company and ask them to lower the interest rate on your card. Even more surprising? They might actually do it. A CreditCards.com survey found that of the 19% of people surveyed who asked for lower interest rates, 69% were successful....
I’m underwater on my house: What does that mean and what are my options?
Swings in the housing market can translate to windfall profits — or devastating losses. And it’s difficult to predict which way the wind will blow. If you do find yourself underwater on your house, here’s what it means and what your options are. What does it mean to be underwater?...
Will I lose my house if I file for bankruptcy?
It’s a common fear around filing for bankruptcy — that it means you’ll lose your house. While it’s true that can happen, it’s by no means a foregone conclusion. Here’s what you need to know about the impact of bankruptcy on your house. Whether you can keep your house or...
Visa vs. Mastercard: What’s the difference and how do I choose?
Crack open your wallet and pull out your credit cards. We bet there’s a very good chance at least one of them is a Visa or Mastercard. Here's the difference between them and how to choose the right credit card for you. Visa and Mastercard: What they have in common Of...
Why is Google banning ads from some debt services providers?
When the news broke in October that Google had announced its crackdown on scam ads from debt settlement, debt management and credit repair services, I took notice. These services have long had a bad reputation in the financial services business — sometimes deservedly and sometimes not — and the fact...
How to negotiate directly with your credit card company
If your credit card bills are coming in fast and furious, and you’re having a hard time keeping up, you’re probably hoping for some relief. And in some cases, you might be able to get it by negotiating directly with your credit card company. Many credit card issuers offer hardship...
Here’s the average credit card debt in every state
Credit card debt in the United States is on the rise: It hit $830 billion in the second quarter of 2019, according to Experian. Credit cards are also becoming an increasingly popular form of payment — 60.5% of U.S. adults own a credit card, up 11% from the same time...
Here’s how one family paid off $109,000 in credit card debt
For Brian Brandow, carrying credit card debt was normal. He thought it was simply what people did. After all, everyone he knew had some credit card debt, so how could it be so bad? But this mentality led to chronic overspending — for years. Here’s the story of the Brandows...
What are credit card hardship programs and how do I know if I’m eligible?
Financial issues happen to the best of us. Even if you’ve never missed a credit card payment before, you might fall behind if you lose your job, get sick or have a big expense pop up. A few missed payments can quickly bring headaches when the late fees and higher...
Feeling trapped by a debt relief provider? Here’s what to do
Debt relief can sound incredibly positive when you’re finances are underwater and you can’t see your way to paying off your debt. Sometimes it can be so appealing, in fact, you wind up working with a company that doesn’t have your best interests in mind. If you’ve signed on for...
Should I stop paying my creditors?
While we don’t advise people to stop paying their debts, we do offer education and information about the benefits and drawbacks of your decision either way. When it comes to settling unsecured debts for less than the balance owed, such as credit card debt, the fact is, you have to...
6 ways to dig yourself out of holiday debt
The holidays are done, the gifts have been unwrapped and all you’re left with in the new year is a big fat credit card bill. From gifts to holiday parties to flights to family, it’s easy to spend more than you were anticipating in the span of a few short...
6 ways to prevent holiday debt
Because holiday gifts aren’t always a line item in a budget, it’s easy to see why last-minute purchases can end up on a credit card. And while it’s tempting, it’s best if you can avoid doing this at all costs (unless you can pay off the balance in full). Here...
What to do if you’ve got $100,000 in credit card debt
The Federal Reserve estimates that Americans have more than $4 trillion in consumer debt. That’s a lot of money. So if you’re staring down a large debt bill, remember this: You’re not alone. And not only have other people been in your shoes, they’ve also found a way out —...
Public benefit corporations: What they are and why you should care
There’s a rising tide of businesses in the U.S. that have elected to become public benefit corporations (PBCs). In fact, there are about 5,400 as of last year. But what does that designation mean, and why are so many companies choosing to differentiate themselves in this way? Here’s what you...
How do traditional debt settlement companies make money?
A debt settlement company does exactly what its name implies: It helps you negotiate with your creditors to settle your debt for less than what you owe. Sounds amazing, right? Well, not so fast. You need to understand how traditional debt settlement companies work and, more importantly, how they make...
What is the snowball method of paying off debt?
There’s something very satisfying about crossing off items on your to-do list. The snowball method of paying off debt benefits from this bit of human psyche. Here’s how it works and how to know if it’s the right method for you. What is the snowball method? The debt snowball method...
The states where people have the most unpaid medical bills
Income inequality in America is at its highest point in the last 50 years, according to recent data from the U.S. Census Bureau. Nearly a third of U.S. households have more credit card debt than they do emergency savings. But it’s not just overspending or inadequate incomes to blame. A...
The tricks of debt settlement: 5 sketchy things to watch out for
For many Americans who struggle with debt that would take years to pay off, relief could come in the form of debt settlement. However, the tricks of traditional debt settlement are sometimes hard to spot. Here we’ll explain what debt settlement is, how it works and five sketchy things to...
States where people have the most & least student loan debt
In 2019, student loan debt in the United States hit $1.6 trillion, the highest it's ever been, according to data compiled by the Federal Reserve Bank of St. Louis. But that debt doesn’t affect all borrowers equally. While 34% of adults ages 18 to 29 have student loan debt, according...
Is your debt time-barred? A state-by-state guide to debt statutes of limitations
Hearing from a debt collector can understandably make you feel very uneasy. That’s especially true if it’s about an old debt. Maybe you thought the debt was long forgotten or it had already been paid. Maybe you’re not even sure the debt is yours. But even if it is is,...
Can being an authorized user on someone else’s credit card help build your credit?
Building up good credit can be a daunting task, especially if unfortunate circumstances have brought your credit score down. But luckily there are a variety of things you can do to push your credit back into the green. One of them is becoming an authorized user on someone else’s credit...
What does it mean to have my unpaid debt charged off?
If you’ve ever fallen behind on paying a debt — credit cards, a car loan — you know what usually comes next. You’re charged late fees, your interest rate might go up, your credit scores take a hit and your lender starts getting in touch. But if you fall really,...
What to do if you have medical debt you can’t pay
If you have medical debt you just can’t deal with, you’re definitely not alone. About 43 million Americans have unpaid medical debt. And for many people, mounting medical bills mean mounting stress. Medical debt is unique in many ways, including that it’s rarely voluntary and often unexpected. Along with a...
Top 10 states with the most Chapter 7 bankruptcies
When it comes to why more people file for Chapter 7 bankruptcy in some states than they do in others, many factors come into play. States with high divorce rates, low median incomes and temperamental job markets can all cause bankruptcy filings to be higher, according to Michael Bovee, who...
Help, I’ve been sued by a debt collector!
If your old debts have been turned over to a collection law firm and you’ve been avoiding their letters, calls and other attempts to collect your debt, don’t be surprised if the firm takes legal action with a lawsuit. Editor’s note: This article picks up where our article, Collection law...
Debt avalanche vs. debt snowball: Here’s what you need to know
If paying down debt is in your financial forecast, there are two techniques you might want to consider: debt snowball and debt avalanche. These similar methods are a good fit if you can afford to make the minimum payments on all of your debt, plus a little extra. If done...
What the national debt means for your children (and your children’s children)
When you turn on the TV or pick up your phone, it sometimes seems like the old axiom “no news is good news” has taken on a new meaning. Gun violence, climate change, inadequate or overly expensive health care, are just a few of the heavy topics making headlines and...
Credit card data in 2019: Understanding the trends
Many of the numbers surrounding credit card debt trends are not moving in a favorable direction. Credit card debt held by all Americans topped $1 trillion for the first time in 2018, and since then, the percentage of credit card debt that is seriously delinquent — at least 90 days...
Do you know the difference between good and bad debt?
Not all debt is created equal. As counterintuitive as it may sound, some debt can be good. While you may strive to live debt-free, that isn't necessarily the rosy paradise of financial freedom that it's made out to be. Certain types of debt can actually help your credit in the...
How can I unenroll from my debt settlement company?
If you are currently enrolled with a debt settlement company and you would like to end your relationship with them, you have some options.
5 keys to successful debt consolidation
Just as there are many reasons why people end up in debt, there are many ways to handle getting out of debt. One option is debt consolidation, which means rolling up several of your debts into one, lower-interest loan. The ideal person for this type of debt management solution is...
How to get rid of your debt for good
Americans have debt, and lots of it. Consumer debt has been growing for years. Last year, the figure approached a staggering $14 trillion. A lot of that debt is coming from mortgages, but student loans, car loans, credit cards and personal also are included in the mix. Here's how to get...
9 ways to avoid student loan debt
For parents and students alike, college is a big and exciting step. But for most families, college also means debt. Recent statistics show more than 44 million people have $1.5 trillion in student loan debt. Whether you pursue loans, invest early in a 519 plan, or get help through scholarships,...
How to find free money for college
Free money for college sounds far-fetched, yet every year students across the country leave financial aid sitting on the table. In fact, an estimated $24 billion in financial aid, including grants that don’t have to be paid back, goes unclaimed every year, according to Form Your Future, which is sponsored...
How to negotiate medical bills and avoid medical bankruptcy
Negotiate, negotiate, negotiate. That’s the mantra to remember if you’re behind on your medical bills or facing a medical bill you can’t afford. Understandably, most people want to avoid having medical bills send them into bankruptcy. In most cases, the sooner you deal with your medical debt, the better. For...
5 steps to rebuild credit after debt management
One reason some people choose a debt management plan (DMP) over bankruptcy is they want to protect their credit score. The upshot is, a DMP won’t hurt your credit nearly as much as a bankruptcy or debt settlement would as long as you pay your bills on time. Still, you’ll...
What’s my borrowing limit for student loans?
More than half of young adults who enter college take on debt to do so. The bulk of this debt is student loans, according to the Federal Reserve, which states that "Student loans are by far the most common form [of debt], held by 94 percent of those with their...
5 steps to rebuild credit after debt settlement
A settled debt is better than an unpaid, past-due one on your credit report, but settling a debt can often hurt your credit score. That’s because settling a debt means you didn’t pay it as agreed. Here's how to rebuild credit after debt settlement. How badly your credit has been...
U.S. states with the highest bankruptcy rates
If someone lives in a state with a high divorce rate, an unstable job market, low wages or a slew of natural disasters, that can all cause personal bankruptcy rates to be higher, according to Michael Bovee who has worked in debt resolution for 20 years and is the co-founder...
What is bankruptcy counseling and do I need it?
Even if you have a pretty good handle on what bankruptcy is all about, and you’re confident it’s the best path for you to take, you’ll still need to take two bankruptcy counseling courses. Every state requires you to take these courses to successfully go through personal bankruptcy. In fact,...
6 steps to rebuild your credit after bankruptcy
The way people feel after going through bankruptcy can vary widely. Many feel relieved, some frustrated, others battle-worn. It partly depends on the road they took to get there. One thing on their minds is the hit their credit score took in the bankruptcy process. Here are six ways to...
Have a student loan with Navient? Here’s what you need to know
Navient is a very large player in the student loan marketplace. It spun off from Sallie Mae in 2014, is a loan issuer, servicer and collector, has more than 12 million customers, and services more than $300 billion of government and private student loans. Here's what you need to know if...
Have a student loan with National Collegiate Student Loan Trust (NCT)? Here’s what you need to know
National Collegiate Student Loan Trust (NCT) is one of the nation’s largest holders of private student loan debt, but it’s not a company. As the name implies, National Collegiate is a set of trusts used to purchase existing student loans held by originating lenders. Owned by Turnstile Capital Management, the...
Have a student loan with American Education Services (AES)? Here’s what you need to know
American Education Services (AES) is a servicer of student loans, which means AES doesn’t issue loans, but manages them for lenders. AES was established by the Pennsylvania Higher Education Assistance Agency (PHEA), which is the nation’s second largest student loan servicer. AES services both private student loans and loans under...
Here’s what you need to know about repayment options for private student loans
Millions of Americans are weighed down with student loan debt. This debt is contributing to record low home ownership rates and decreasing birth rates among millennials. If you’re one of these borrowers, there are ways to manage your debt and to get help if you’re falling behind on payments. However,...
How to avoid credit repair scams
Your credit score dictates a lot about your financial situation, so it’s understandable that you want to protect your score and keep it as high as possible. If past financial mistakes are dragging down your credit score, there are legitimate ways to try to correct them. Here's how to avoid credit...
Federal student loan repayment options explained
If you have student loans, or will soon, you’re in good company. Nearly 44 million Americans owe almost $1.6 trillion in combined student loan debt. Federal student loans make up the biggest portion of this outstanding student debt at more than 92%. If you have a federal student loan, here's what...
What happens when you default on a loan from Avant
Online lender Avant offers personal loans ranging from $2,000 to $35,000 at interest rates from roughly 9.95% to 35.99% APR, though rates and availability vary depending on the state you live in and your creditworthiness. Here's what happens when you default on a loan from Avant. While Avant posts positive customer...
What happens when you default on your SoFi debt?
SoFi is an online lender offering the largest personal loans available to consumers with good credit. With loans ranging from $5,000 to $100,000, SoFi offers both fixed and variable interest rates and loan terms of two to seven years. Sofi has an A- rating from the Better Business Bureau, with...
What happens when you default on your Prosper debt?
Prosper was founded in 2005 as the original peer-to-peer lender in the United States. It matches personal loan borrowers with lenders, also called investors. While others have since joined the marketplace and Lending Club is now the largest online provider for personal loans in the U.S., Prosper does a substantial...
What happens when you default on your Lending Club debt?
Lending Club, the largest online lender for personal loans in the United States, specializes in peer-to-peer lending. This means it reviews potential borrowers’ applications and, if approved, matches them with an investor or several investors who provide the funds at a fixed interest rate. Lending Club charges an origination fee...