Is LendingPoint a real company?

Yes, LendingPoint personal loans are legit because LendingPoint is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why LendingPoint personal loans are legit is that the lender has a rating of A+ from the Better Business Bureau.

What kind of company is LendingPoint?

financial technology platform
LendingPoint is a financial technology platform. The company looks at a person’s complete financial picture, taking into consideration credit history, employment history, earning potential and other data to determine creditworthiness.

Does LendingPoint sue?

Yes, LendingPoint can sue you. LendingPoint can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs.

Who owns LendingPoint?

Tom Burnside –
Tom Burnside – CEO & Co-Founder – LendingPoint | LinkedIn.

Is LendingPoint a direct lender?

LendingPoint is an Atlanta-based direct lender, redefining who can access money at fair rates.

Is LendingPoint a bank?

What is LendingPoint? LendingPoint is an online lender of personal loans that are tailored to borrowers with fair or bad credit (689 or lower FICO). These loans are best for borrowers who need funds fast and want a flexible repayment schedule. Compare other online lenders to see if you can get a lower rate.

How do I cancel my LendingPoint loan?

You can contact us by calling Member Services at 888-969-0959, sending an email to [email protected], or sending a letter to LendingPoint, LLC, Attn: Member Services, 1201 Roberts Blvd, Suite 200, Kennesaw, GA 30144.

Does LendingPoint report to credit bureaus?

Doesn’t report payments to all three credit bureaus: LendingPoint reports payments to Experian and TransUnion, but not Equifax. Reporting payments to all three bureaus ensures that any lender or business that checks your credit sees your loan payment history.

Can you pay off LendingPoint early?

Yes, you can pay off a LendingPoint personal loan early, and it’s actually a good idea to do that. You will save money by paying it off early because you will owe less interest. LendingPoint, like most reputable lenders, does not charge a fee for paying your loan off early.