LendingClub does not execute loan agreements or collect electronic signatures for a credit contract. This guide explains what to review if a third-party provider asks you to receive records or sign electronically.
Identify the provider and the records
The consent should identify the company, the records covered, how they will be delivered and whether the consent applies only to one transaction or to an ongoing account relationship.
Check hardware and access requirements
Confirm that you can open, read, download and retain the formats the provider uses. Keep a copy of important disclosures and agreements.
Paper copies and withdrawal
Read the provider’s instructions for requesting paper records or withdrawing electronic-delivery consent, including any effect on the transaction or account.1
Check whether paper copies carry a fee and how to request them. Keep the email address and other delivery details held by the provider up to date, using the contact method in its consent notice; sending a change to website support does not update the provider’s records.
Separate permissions
Electronic-record consent, marketing text messages, automatic bank debits and a credit inquiry are different permissions. Do not assume one checkbox authorizes all of them.
Where the signature belongs
If you decide to sign a credit agreement, do so only within the verified provider’s flow after you have reviewed the actual terms. LendingClub does not host that agreement.
Further checks for this decision
Review automatic-debit authorization separately; the CFPB explains how to revoke payment permission.2
Check whether the provider requests a hard or soft credit inquiry before you proceed.3
Reach the provider through independently verified contact details before signing after an unexpected message.4