NerdWallet's Annual Awards That Help Consumers
Make Smart Financial Decisions Recognizes LendingClub as One of The
Top Personal Loans Products
SAN
FRANCISCO, Jan. 4, 2023 /PRNewswire/
-- LendingClub Bank, America's leading digital marketplace
bank and a subsidiary of LendingClub Corporation (NYSE: LC), has
been recognized by Nerdwallet as 2023's Best Personal Loan for Fair
Credit.
NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides
financial guidance to consumers and small and mid-sized businesses
(SMBs), found in their recent survey that only 30% of Americans
know where to find reputable information when they have questions
about financial products and topics. In order to better help
consumers and small to mid-size businesses understand their options
when it comes to their finances, they've announced the winners of
their 2023 Best-Of Awards. This year's awards recognize the best
financial products across Banking, Credit Cards, Insurance,
Investing, Mortgages, Personal Loans, Student Loans, and Travel
Rewards.
LendingClub is one of the country's leading providers of
personal loans. Through this core business offering, the company
helps its members save money by using technology to lower the
borrower costs on its lending products while offering fair and
transparent access to credit. In addition, LendingClub is reaching
communities that have been underserved by traditional banks, such
as those in highly concentrated markets and in areas that have
fewer bank branches per capita. The company is building a bank that
is centered around empowering members on their path to better
financial health by enabling access to a broad range of financial
products, services, and educational resources, all designed to help
them pay less when borrowing and earn more when saving.
"LendingClub is honored to be recognized by NerdWallet with
a 2023 Best-Of Award in the Personal Loan category for Fair
Credit," said Scott Sanborn, CEO of
LendingClub. "Our data and technology advantage allows us to make
it easy to access responsible credit at a fair price, which we
believe should be attainable for everyone.
NerdWallet's survey, conducted online in November 2022 by The Harris Poll among over 2,000
U.S. adults, also found that one-third of Americans (33%) plan on
making new financial goals for 2023. In order to identify the best
products for consumers, the Best-Of Award winners were selected by
NerdWallet's knowledgeable subject matter experts with years of
experience reviewing and evaluating these personal finance products
for Nerdwallet.com. Over 40 Nerds from NerdWallet's editorial team
compared rates and rewards of over 1,000 products, did side-by-side
comparisons, and conducted objective ratings and reviews to help
consumers confidently choose the best products for them.
"In our evaluation of financial products, we have identified
LendingClub as one of the best in its Personal Loans for the Fair
Credit category" said Hanah Cho,
Vice President, Content at NerdWallet. "Consumers can feel
confident in their decision, knowing that we have researched and
compared products in personal loans to develop our
recommendation."
For more information on NerdWallet's Best-Of Personal Loan
winners, visit:
https://www.nerdwallet.com/l/awards-personal-loans-2023
A complete list of NerdWallet's 2023 Best-Of Awards winners can
be found at: https://www.nerdwallet.com/l/awards
About LendingClub
LendingClub Corporation (NYSE: LC) is the parent company of
LendingClub Bank, National Association, Member FDIC. LendingClub
Bank is the leading digital marketplace bank in the U.S., where
members can access a broad range of financial products and services
designed to help them pay less when borrowing and earn more when
saving. Based on more than 150 billion cells of data and over
$80 billion in loans, our advanced
credit decisioning and machine-learning models are used across the
customer lifecycle to expand seamless access to credit for our
members, while generating compelling risk-adjusted returns for our
loan investors. Since 2007, more than 4 million members have joined
the Club to help reach their financial goals. For more information
about LendingClub, visit https://www.lendingclub.com.
About NerdWallet
NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for
all of life's financial decisions. As a personal finance website
and app, NerdWallet provides consumers with trustworthy and
knowledgeable financial information so they can make smart money
moves. From finding the best credit card to buying a house,
NerdWallet is there to help consumers make financial decisions with
confidence. Consumers have free access to our expert content and
comparison shopping marketplaces, plus a data-driven app, which
helps them stay on top of their finances and save time and money,
giving them the freedom to do more. NerdWallet is available for
consumers in the US, UK and Canada. For more information, visit
NerdWallet.com.
"NerdWallet" is a trademark of NerdWallet Inc. All rights
reserved. Other names and trademarks used herein may be trademarks
of their respective owners.
Survey Methodology:
This survey was conducted online within the United States by The Harris Poll on behalf
of NerdWallet from November 10-14,
2022 among 2,064 U.S. adults ages 18 and older. The sampling
precision of Harris online polls is measured by using a Bayesian
credible interval. For this study, the sample data is
accurate to within +/- 2.8 percentage points using a 95% confidence
level. For complete survey methodology, including weighting
variables and subgroup sample sizes, please contact
press@nerdwallet.com.
Contacts:
LendingClub:
Press@lendingclub.com
LendingClub
Investors: IR@lendingclub.com
NerdWallet: press@nerdwallet.com
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SOURCE LendingClub Corporation