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Tips, tools and insights to improve your financial life.

Latest Resources

How to improve your credit score

How to improve your credit score

Higher credit scores provide access to lower interest rates and better terms when you apply for credit. However, if your credit score needs work, there may be credit hacks you can take to improve your score.

A 700 credit score is generally considered “good” among common scoring systems that range from 300 to 850.
Jan 19, 2025
6 min read
What is a good credit score?
A personal loan can be a smart financial move to pay off credit card debt, but it’s important to weigh out the pros and cons before you apply.
Jan 19, 2025
6 min read
Should you use a personal loan to pay off credit card debt?
Should you lease or buy your next car? Leasing costs less on a monthly basis and puts limits on how you can use your car. Buying comes with ownership responsibility but will cost you less in the long run.
Jan 15, 2025
7 min read
Pros and cons of leasing vs. buying a car

Personal Finance

What is a good credit score?

What is a good credit score?

A 700 credit score is generally considered “good” among common scoring systems that range from 300 to 850.

A personal loan can be a smart financial move to pay off credit card debt, but it’s important to weigh out the pros and cons before you apply.
Jan 19, 2025
6 min read
Negotiating a salary is often expected after a job offer, and with the right preparation you may be able to meet your career, personal, and financial goals faster.
Jan 14, 2025
5 min read
Higher credit scores provide access to lower interest rates and better terms when you apply for credit. However, if your credit score needs work, there may be credit hacks you can take to improve your score.
Dec 25, 2024
7 min read

Personal Loan

Higher credit scores provide access to lower interest rates and better terms when you apply for credit. However, if your credit score needs work, there may be credit hacks you can take to improve your score.
Jan 20, 2025
7 min read
You can refinance a personal loan by paying off an existing loan with a new personal loan—usually with more favorable terms like a lower interest rate or lower monthly payments than the original loan.
Dec 28, 2024
7 min read
A personal loan and credit card can be important financial tools, but it's important to understand how they each work before deciding which one to use. 
Dec 18, 2024
8 min read
Compound interest vs. simple interest: differences & how to calculate

Compound interest vs. simple interest: differences & how to calculate

Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal plus any accumulated interest. Due to the interest-on-interest effect, compound interest grows faster over time.

Personal Savings

​Financial Independence, Retire Early (FIRE) movement explained

​Financial Independence, Retire Early (FIRE) movement explained

What does it take to achieve financial independence early in life? The end goal for many FIRE followers is early retirement—but it’s not the only goal.

What happens when you take money out of a CD before the maturity date? Here's everything you need to know, including how CD early withdrawal penalties are calculated, how to avoid these fees, and when incurring them might be a good idea.
Jun 26, 2024
6 min read
Savings accounts are considered a low-risk and highly liquid place to hold cash—and typically provide a very low annual return. Recently, high-yield savings accounts are proving to be the exception.
Jun 26, 2024
5 min read
Find out how your savings stack up against other people your age—and what you can do to grow your savings at any stage of life.
Sep 18, 2023
10 min read

Personal Checking

Chances are, you’re managing money differently today than you were a few years ago. If your shopping, spending, and money management have moved online and onto your phone, you might want to consider whether an online-only bank is a fit for you.
Sep 30, 2024
7 min read
How to open a bank account online

How to open a bank account online

Opening a bank account online is a convenient way to manage your money without setting foot in a local branch. Today, many online-only banks, traditional banks, and credit unions have easy online applications, so you can shop around and open an account from the comfort of your home.

Auto Refinance

Pros and cons of leasing vs. buying a car

Pros and cons of leasing vs. buying a car

Should you lease or buy your next car? Leasing costs less on a monthly basis and puts limits on how you can use your car. Buying comes with ownership responsibility but will cost you less in the long run.

Timing matters when refinancing an auto loan. So before opting for a new loan, make sure you understand when it’s a good idea to refinance and when it’s better to wait. 
Dec 21, 2024
6 min read
If you’re in the market for a new car, you might be wondering if your current credit score will help you get a good deal or hold you back. Your credit score is an important part of the process, but it’s not the only factor. Though good and excellent credit scores help when taking out any line of credit, it is possible to buy a car with a less-than-ideal score.
Sep 30, 2024
6 min read
A lot has changed since the pandemic in how Americans buy their cars.
May 10, 2023
6 min read

Business Loan

A small business loan can help you get the cash you need to grow your business. Getting a business loan can sometimes be tricky, especially if you’re a new business owner.
Jun 23, 2024
6 min read
Some small businesses seem to thrive no matter what the economy is doing. What’s their secret? Here are a few business ideas to consider and tips to help you bake some resiliency into your venture.
Aug 15, 2023
6 min read
How 5 Common Types of Amortization Can Impact You

How 5 Common Types of Amortization Can Impact You

Before taking out a loan, it’s important to understand how the loan repayment will work and how much your monthly payments will be. With amortized loans—which includes many consumer loans—each payment gets split into an interest payment and principal payment.

Institutional Investing

About net annualized return (NAR)

About net annualized return (NAR)

NAR is first calculated when an investor begins to receive borrower payments, usually within 45 days of an investors’ first investment in Notes. Until that time, NAR will display as "New" and no calculation will be available.

The rate of return on an investment is a cumulative, annualized measure of the gain from your investment relative to the initial cost of the investment. LendingClub calculates “Net Annualized Return,” but there are several methods for calculating a rate of return that you may want to consider.
Nov 19, 2022
less than a minute read

Business Checking

You’ve probably heard the saying, “keep your personal and your business life separate.” Well, the same motto can be applied to your small business banking. When you open a business, one of your first tasks should be to open a ​business checking account.
Sep 17, 2024
2 min read
To open a business bank account, you’ll need to choose a bank, gather documentation to apply, and have funds on hand for an initial deposit.
Jul 9, 2024
5 min read
3 Reasons Why Your Small Business Should Go Cashless

3 Reasons Why Your Small Business Should Go Cashless

When was the last time you pulled out your wallet and paid for something with cash? Thanks to developments in electronic payments, such as paying via a digital wallet and innovations to online and mobile banking, consumers are carrying cash less and less.

LendingClub Bank and its affiliates (collectively, "LendingClub") do not offer legal, financial, or other professional advice. The content on this page is for informational or advertising purposes only and is not a substitute for individualized professional advice. LendingClub is not affiliated with or making any representation as to the company(ies), services, and/or products referenced. LendingClub is not responsible for the content of third-party website(s), and links to those sites should not be viewed as an endorsement. By clicking links to third-party website(s), users are leaving LendingClub’s website. LendingClub does not represent any third party, including any website user, who enters into a transaction as a result of visiting a third-party website. Privacy and security policies of third-party websites may differ from those of the LendingClub website.

Savings are not guaranteed and depend upon various factors, including but not limited to interest rates, fees, and loan term length.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,008 for a term of 36 months, with an interest rate of 11.74% and a 6.00% origination fee of $1,140 for an APR of 16.09%. In this example, the borrower will receive $17,868 and will make 36 monthly payments of $629. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 60 months. Some amounts, rates, and term lengths may be unavailable in certain states. 

For Personal Loans, APR ranges from 8.91% to 35.99% and origination fee ranges from 3.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of Oct 10, 2024 and are subject to change without notice. 

Checking a rate through us generates a soft credit inquiry on a person’s credit report, which is visible only to that person. A hard credit inquiry, which is visible to that person and others, and which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person. Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history.  

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. ​Deposit accounts are subject to approval. Only deposit products are FDIC insured.

“LendingClub” and the “LC” symbol are trademarks of LendingClub Bank.

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