LendingClub offers personal loans, auto refinancing, patient solutions, and business loans. They make paying back your loan easy with options like automatic payments you can set up when you apply, or one-time payments by check, card, phone, or other methods. You usually start paying one month after you get the loan, and you can manage or change your payments online anytime. There's no penalty for paying off your loan early or making extra payments, which gives you flexibility to pay in a way that works best for you.
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The cancellation process requires the user to call a specific customer service number to cancel autopay for the loan, which is straightforward but involves a phone call rather than an instant online cancellation.
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minutes to cancel a LendingClub Loan Payment subscription.
How to Cancel LendingClub Loan Payment: Step by Step
If you purchased through LendingClub:
- Contact LendingClub Customer Service: If you want to cancel your loan or CleanSweep account, you need to reach out to their customer support.
- For Personal Loans and Lines of Credit:
- Call 844-557-2551, Monday through Friday from 5 am – 5 pm Pacific Time.
- You must call within 5 calendar days after the loan was funded.
- For Balance Transfer Loans:
- Call 844-557-2551 to cancel your balance transfer loan.
- You will need to ensure funds are in your account within 30 days from when the loan is issued.
- For Auto Refinance Loans:
- Call 888-845-0010, Monday through Friday from 6 am – 5 pm Pacific Time.
- You have 10 calendar days from the day you call to return the funds if they have been sent to your previous lender.
- For LendingClub Patient Solutions Loans:
- Call 800-630-1663, Monday through Friday from 6 am – 5 pm Pacific Time.
- To waive your interest, you need to refund the full loan amount within 30 days of funding.
- To Cancel Autopay for CleanSweep:
- Call 833-571-3478, Monday through Friday from 5 am to 2 pm Pacific Time.
Tips & Tricks for Canceling LendingClub Loan Payment
- Contact LendingClub immediately after noticing the loan approval or fund disbursement to request cancellation before funds are withdrawn.
- Call their customer service promptly, as cancellations often require direct phone conversations, preferably within 5 calendar days of loan funding.
- Use polite but firm language emphasizing your financial hardship or mistake in loan acceptance to elicit understanding and quicker resolution.
- Ask clearly for "loan rescission" or "cancellation of loan disbursement" to indicate your clear intent and differentiate from other requests.
- Be prepared that any funds already deposited may be reclaimed, so arrange to return them quickly to close the loan account.
- Document every interaction including dates, times, and representative names to escalate effectively if needed.
- If facing refusal or delays, escalate politely to supervisors or managers during calls for higher-level intervention.
- Timing is critical—cancellations are most successful if done before or very shortly after disbursement.
- Following up within a week can confirm account closure and avoid accidental future billing.
- Check for any fees or service charges mentioned during cancellation to avoid surprises.
LendingClub Loan Payment Customer Service Info
If you need assistance, here's how you can get in touch with LendingClub Loan Payment's support team.
Cancel LendingClub Loan Payment Script
Script
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Dear LendingClub Support,
I hope this message finds you well. I am writing to kindly request the cancellation of my subscription with LendingClub Loan Payment. Due to recent changes in my financial circumstances, I am unable to continue my membership at this time. I appreciate the services provided but believe it is best for me to discontinue for now.
Thank you for your understanding. Please confirm the cancellation at your earliest convenience.
Best regards.
Frequently Asked Questions
LendingClub allows cancellation of loan applications by calling their support immediately. For funded loans, cancellation must occur within specific time frames depending on loan type, typically within 5 calendar days for personal loans; refunds within 30 days may be required to avoid interest, and partial or late refunds may incur interest. Different loan types have specific contacts and requirements for cancellation and refund.
To cancel your LendingClub Loan Payment subscription, you do not necessarily need your password if you choose to cancel via phone. For CleanSweep autopay, you can call 833-571-3478 from Monday to Friday between 5am to 2pm Pacific Time, or for a personal loan autopay cancellation, call 844-227-5011. However, if you prefer to manage your subscription online and need to reset your password, you can do so at LendingClub's password reset page here: https://www.lendingclub.com/auth/resetPassword/entry.
- Undisclosed hidden fees: Customers were charged fees not clearly disclosed, leading to refund requests.
- Unauthorized deductions: Money taken from bank accounts without customer permission.
- Incorrect loan approval notifications: Being told they were approved when they were not.
- Double payments: Customers manually paid but were still charged auto-payments.
- Cancellation difficulties: Needing to call and cancel autopayments before a deadline, with some facing errors in cancellation processing.
- Delayed loan closure: Issues in loan cancellation submissions causing delays and credit reporting impacts.
- Payment scheduling errors: Leading to double charges and late fees.
- Financial hardship: Customers seeking cancellation or payment plans due to inability to pay.
- Loan refund requests: Customers wanting to cancel funded loans within the allowed time frames to avoid interest or because they no longer need the funds.
- Concerns over unauthorized loan applications: Complaints about loans being applied for without consent.
- Customer service challenges: Difficulties reaching LendingClub or resolving payment/cancellation issues.
LendingClub does not have lock-ins or early cancellation fees for its loans. You can cancel your monthly payments anytime by paying off your loan early with no prepayment penalties or fees. However, be aware there is an origination fee charged upfront (3-6% of the loan amount) included in your loan balance. There is a 15-day grace period for payments, after which late fees may apply if payments are not made on time.
Before cancelling a LendingClub loan payment or subscription, it's important to know that once a loan is funded, there is a limited time frame to cancel depending on the loan type. For personal loans and lines of credit, you must call within 5 calendar days of funding to cancel. If you cancel autopay, you need to arrange another way to make your monthly payments to avoid late fees and credit score damage. Also, if you cancel, be prepared to keep sufficient funds in your account as LendingClub may attempt to withdraw owed payments within 5–7 business days. Canceling may mean losing access to automatic payment convenience and could risk late payments if you don't manage your payments manually.
- First Name
- Last Name
- Phone Number
- Email Address
- Username
- Password
- Billing Address
- City
- State/Province/Region
- ZIP/Postal Code
- Country
- Reason for Cancellation
- Last 4 Digits of Card (used for payment)
- Date of Last Charge
- Amount of Last Charge
We've actually written a step by step guide on how to get a refund from LendingClub Loan Payment. Check it out!
The Easiest Way to Cancel LendingClub Loan Payment
If you’re frustrated trying to cancel your subscription, membership, or bill from LendingClub Loan Payment—or if you didn’t even realize you were being charged—Chargeback can help. Chargeback is a personal subscription manager that automatically detects hidden, recurring charges like Netflix, Hulu, and hundreds of others. With one click, we can cancel unwanted subscriptions, flag suspicious billing, and even initiate refund requests on your behalf. No more waiting on hold or navigating confusing help pages. Just connect your bank or email account, and we’ll take care of the rest.
Start reclaiming your money today with Chargeback
What Are Some Alternatives to LendingClub Loan Payment?
LendingClub PPD ID: 8510605731, Electronic Withdrawal / LendingClub Y -, LendingClub TYPE: 3157 CO: LendingClub
Editorial Note: These articles reflect the opinions of Chargeback's writers. Everyone's situation is unique; therefore, it is important to conduct your own research and note that our self-help tools are not guaranteed to help with any specific problem.
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