Author Topic: Madden vs Midland Isn't the Only Legal Worry ( Bethune vs LendingClub)  (Read 2655 times)


PhilGD

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So is this just another case of borrowers complaining that they've been charged too much interest? It's total BS, these borrowers should have known what they were getting themselves into when they took out their loan. It's all fixed interest rates, there can be no surprise rate adjustment, so why are they complaining now? If you ask me they're just trying to take their money and run by using the law to circumvent an actual charge off on their credit report.

lascott

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    • Appreciate my post and want to try LendingRobot? URL below
So is this just another case of borrowers complaining that they've been charged too much interest? It's total BS, these borrowers should have known what they were getting themselves into when they took out their loan. It's all fixed interest rates, there can be no surprise rate adjustment, so why are they complaining now? If you ask me they're just trying to take their money and run by using the law to circumvent an actual charge off on their credit report.
hear! hear! --- the only good thing about some of this "negative" news/situations is they get resolved and then there are precedences.  Helps the regulators as well understand all the practices and transparency of LendingClub. I want LC to be around a good long while (with some of my retirement and spending money kept intact!)
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

bobeubanks

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The only thing relevant is whether or not the loans are legal. If they aren't legal, it doesn't matter whether or not the loan customer are idiots.