Who is the CEO of Lending Club?
Scott Sanborn (Jun 28, 2016–)LendingClub / CEO
Who owns Upgradebank?
Renaud Laplanche
Upgrade, Inc. Upgrade was founded by Renaud Laplanche, founder and former CEO of LendingClub, and other former colleagues from Lending Club in August 2016. The company began offering loans in April 2017 and raised $60 million Series A funding round.
Is Upgrade a good company to work for?
Upgrade has a great team of dedicated employees who support one another and collaborate. The culture created is a start-up family-like environment. Upgrade has innovative financial products that allow our customers to make confident financial decisions and be more responsible with credit.
Is Upgrade owned by Lending Club?
Three years ago, the founder of LendingClub, Renaud Laplanche, took the wraps off his second act, a consumer lending venture called Upgrade that now employs 350 people, has lent roughly $2 billion to 200,000 people and has raised $142 million from outside investors.
Is Sutton Bank a real bank?
A progressive, privately held independent, community bank, Sutton Bank has consistently been named one of the top small business and agricultural lenders in the State of Ohio.
What bank does Upgrade loans use?
Upgrade Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Rewards associated with Upgrade cards, when applicable, are provided by Upgrade, Inc. Personal Loans and Auto Refinance Loans are made by Upgrade’s lending partners. More information is available at: https://www.upgrade.com.
Does Upgrade do a hard pull?
If you receive a loan through Upgrade, we will perform a hard inquiry, which may impact your credit score. A new borrower may see a small drop in their credit score when they receive a new loan, but the score typically climbs back up with time and on-time payments.
Is Upgrade a rip off?
Note: According to the Better Business Bureau (BBB), Upgrade’s name and logo have been fraudulently used as part of loan scams. Upgrade does not charge any advanced fees in exchange for receiving a loan, so if a company claiming to be Upgrade charges such a fee, it should be reported as a scam.
Does Upgrade call your employer?
Upgrade may request the name of your employer, the telephone number, and your date of hire, if applicable. We may also request certain income documents in relation to your employment.
Is LendingClub a ripoff?
Note: According to the Better Business Bureau (BBB), LendingClub’s name and logo have been fraudulently used as part of loan scams, including the collection of security, insurance or other fees. LendingClub does not charge any upfront application fees in exchange for receiving a loan.
Is LendingClub legit?
LendingClub is a legitimate online lender. It offers personal loans with annual percentage rates that don’t exceed 36%, which is a rate cap that most consumer advocates recommend.
Who is the owner of Sutton Bank?
Sutton on the Board. In 1972 saw another change in the ownership of the Bank when Mid-Ohio-Banc-Shares was merged into Centran Bancshares Corporation.
Does Upgrade ask for proof of income?
Upgrade requires two recent years of tax returns and most recent bank statements to verify income for self-employed (sole proprietor) borrowers. It may also request additional documentation.
What credit score do you need for Upgrade?
560
How to qualify for an Upgrade loan. Minimum credit score: 560; borrower average is 678. Minimum annual income: None; borrower average is $78,000. Minimum number of accounts on credit history: Two accounts.
What credit score do I need for Upgrade?
Upgrade requires a minimum credit score of 560. This makes Upgrade a good option for borrowers with fair or poor credit who need access to small loan amounts. Still, the most competitive rates are reserved for the most creditworthy applicants.
Can I trust Upgrade?
Is Upgrade Reputable? Upgrade has been accredited by the Better Business Bureau since 2017 and has a B+ rating. On Trustpilot, Upgrade has an excellent rating of 4.6 out of 5 stars based on an average of more than 20,000 reviews.
What does Renaud Laplanche do for a living?
Renaud Laplanche. Renaud Laplanche is a French entrepreneur and business executive. He is the co-founder and CEO of the debt refinancing company, Upgrade, Inc. Prior to founding the company, Laplanche co-founded and served for a decade as the CEO of Lending Club, an American peer-to-peer lending company.
What happened to Renaud Laplanche of Lending Club?
“Lending Club founder Renaud Laplanche is back with a new startup and $60 million in funding”. TechCrunch. ^ Williams-Grut, Oscar. “Lending Club founder Renaud Laplanche opens up on his ‘frustrating’ exit and new startup Upgrade”.
Why did Pierre Laplanche resign as CEO?
On May 9, 2016, Laplanche resigned from his position as CEO following an internal investigation that found a violation of the company’s business practices had occurred. Laplanche later entered into an agreement with the SEC to settle the issue with no admission of responsibility.
How did Renaud become so influential?
In recent years Renaud received multiple awards and nominations: among other distinctions, Renaud was recognized on Bloomberg Markets’ 2015 Most Influential List, an annual ranking of the World’s top 50 most influential leaders across technology, finance, and politics. In 2014 he won the Economist Innovation Award in the consumer products category.