What do I need to do?

Budgeting is a lifelong money management skill that can help you control your spending, save for the unexpected, and build a strong financial foundation. 

Your credit utilization rate measures the balances of your revolving accounts against your credit limits. Naturally, your ratio can influence your credit scores. A low utilization rate could improve your credit scores while a high utilization rate may hurt them.

Auto loan refinancing is when you use a new car loan to pay down your old loan—often with a lower monthly payment or interest rate. 

Debt consolidation is a debt management strategy that uses methods like a debt consolidation loan to combine multiple debts into an easy-to-manage monthly payment—usually with a lower interest rate.[1]

Allowances are common in the U.S., but it’s important to weigh out the pros and cons before giving your kids an allowance.

LendingClub does not report CleanSweep accounts to the credit bureaus, which means the closure of your account will not affect your credit score or be provided on your credit report.

Through the course of continuing to test and refine this product, we have made the difficult decision to discontinue CleanSweep.

We're sorry. As of December 18, 2024, LendingClub discontinued the CleanSweep line-of-credit product.

Your CleanSweep line of credit is now closed. You can't make any new balance transfers.

The CleanSweep account closure has no impact on your personal loan or any other of your LendingClub accounts.

{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.

{noun} The total annual cost to borrow money, including fees, expressed as a percentage.

{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 

A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.

{noun} An interest rate that remains the same for a set time, usually for the life of the loan.