How to Cancel Lending Club

iEditorial Note: These blog posts represent the opinion of DoNotPay’s Writers, but each person’s situation and circumstances vary greatly. As a result, you should make sure to do your own independent research. Because everyone is unique, our self-help tools are never guaranteed to help with any specific situation. DoNotPay is not a law firm and is not licensed to practice law. DoNotPay provides a platform for legal information and self-help.

Cancel LendingClub account with zero effort

LendingClub is an American peer-to-peer personal loan marketplace that matches borrowers and investors across the nation. LendingClub is the world’s largest peer-to-peer lending platform that accounted for $8.987 billion in loans back in 2017.

More than 40% of loans acquired through LendingClub were used for home refinancing, while under 20% of them were used for paying off credit cards.

Most LendingClub borrowers have excellent credit scores, typically around 700, alongside a low debt-to-income ratio.

Do you need to delete your LendingClub account?

In case you were wondering if you need to delete your LendingClub account after you have repaid your loan, the answer is no.

As soon as your loan is completely paid off, LendingClub will automatically shut down your account. The same goes in case you get turned down for a loan.

After you have paid off your loan, LendingClub will report the payoff to the bureaus within 30 days. If you want to receive a payoff statement, you can do it by:

  1. Contacting LendingClub’s customer service by phone
  2. Requesting the payoff statement by filling out a form on the company’s website

Canceling your LendingClub loan application

What happens if you change your mind regarding the borrowed loan from LendingClub?

You have the right to change your mind, of course, but you will have to notify the company as soon as you possibly can. According to the LendingClub, you have five calendar days to cancel your loan from when it gets funded.

It is advised that you keep the whole amount on your account, and the company will try to withdraw the money within five to seven business days.

What about balance transfer loans?

When it comes to canceling balance transfer loans, the process is a bit more difficult. Since the LendingClub cannot retrieve funds from your creditors, you will have to do it yourself. The company grants you thirty days to recover the funds to your account and notify them about it.

Note that you will be responsible for repaying the loan, including the fees and interest if you fail to retrieve the money within a month.

Canceling personal loan applications

In order to cancel a personal loan application, you need to call 844-557-2551, Monday to Friday, from 6 am to 5 pm Pacific Time.

Canceling auto refinance loan applications

If you have changed your mind about the borrowed auto refinance loan, call 888-845-0010, Monday to Friday, from 6 am to 5 pm Pacific Time.

Canceling small business loan applications

For canceling small business loan applications, you have two options at your disposal:

  1. You can contact your Client Advisor directly
  2. Call 855-846-0153, Monday to Friday, from 7 am to 5 pm Pacific Time

Can you cancel with

Yes / No








Company website (or another alternative method)


Cancel memberships and accounts fast and easy with DoNotPay

donotpay how to cancel any service

Whenever you decide that you have had enough of a particular service and that you want to cancel your membership, DoNotPay will be there to get it done. Why should you waste your precious time waiting in queues or writing lengthy request letters, when we can do it on your behalf within minutes. To cancel a subscription with DoNotPay, all you have to do is:

  1. Access DoNotPay through a
  2. Click on Find Hidden Money
  3. Let us know which service you would want us to cancel

As soon as we terminate your membership, you will receive a notification from us!

Best LendingClub alternatives

If the LendingClub has failed to meet your expectations or needs, there are plenty of other peer-to-peer lending platforms you could turn to. Some of the best ones are:


Service overview


  • Offers loans from $4,000 to $25,000
  • APR’s range from 5,99% to 29,99%
  • There are no prepayment penalties
  • The minimum recommended FICO score is 600
  • Repayment terms are three or five years
  • Funds are received within three days of loan approval


  • Offers loans from $2,000 to $40,000
  • APR’s range from 7.95% to 35.99%
  • Monthly payment dates are flexible
  • The minimum recommended FICO score is 640
  • Repayment terms are three to five years
  • Funds are received within five days of loan approval


  • Offers loans from $1,000 to $50,000
  • APR’s range from 7.88% to 35.99%
  • Iowa and West Virginia residents do not qualify for a loan
  • The minimum recommended FICO score is 620
  • Funds are received one day after loan approval
  • Repayment terms are three to five years

Experiencing pushback from the LendingClub? Send Demand Letters To them in small claims court with DoNotPay!

We know how difficult and uncooperative large corporations can sometimes be. If you are experiencing pushback from the LendingClub, our trusty AI Consumer Champion can help you send demand letters to them in small claims court!

In case you didn't know, DoNotPay has devised the world’s first AI Consumer Champion that can guide you through the suing process completely free of charge. From writing a demand letter to creating a trial script, we will lead you each step of the way.

Our immense efforts to ensure justice for everybody have been met with the American Bar Association Louis M. Brown Award for Access.

Say farewell to unused subscriptions

DoNotPay recognizes the importance of carefully monitoring one’s subscriptions. According to a recent study, only 6% of Americans were able to precisely estimate how much money they are spending on monthly subscriptions such as streaming platforms, dating apps, productivity tools, etc.

A whopping 84% greatly underestimated this amount, showing that most of us do not even know how much of our income goes to online memberships, or which services we are subscribed to.

We know that a good chunk of this problem has to do with the fact that, until now, there were no decent subscription monitoring platforms to rely on for money-saving purposes.

DoNotPay can help you sort out this issue in just a few minutes. All you have to do is access our app, link your email address or bank account with it, and we will automatically detect the subscriptions you are not using and suggest their cancelation.

DoNotPay’s world of possibilities

DoNotPay has changed the landscape of digital assistants. Since the very beginning, we have strived to make your life as hassle-free as we possibly could. Canceling unwanted memberships is not our only strong suit—our app packs a ton of useful features that can also help you with:

Want your issue solved now?