Raising 2022 Full Year Outlook
The Problem We're Solving
$1T
Many American households have
turned to credit cards to manage their
finances, which has resulted in ~40%
of American households carrying
over $1 trillion of revolving debt.1
Much of this debt is overpriced and
LendingClub exists to provide
Americans with a better way to
access affordable credit.
LendingClub's 4+ million
members have already come to
us to access lower-cost credit.
While we serve a broad range of
members, our average income is
$100K with a high FICO (+700
avg.), but they also have high
debt.2
And 83% tell us they want
to do more with us!
LendingClub 1) Credit Card Market Monitor, November 2021, American Bankers Association.
2) LendingClub internal data.
Our direct-to-consumer digital
marketplace bank features a
vertically integrated model that
allows us to reimagine
banking, including lending,
spending, and savings for our
members.
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