Lending Bar is actually a fellow-to-fellow credit program that gives all sorts of finance, as well as debt consolidation financing

Lending Bar is actually a fellow-to-fellow credit program that gives all sorts of finance, as well as debt consolidation financing

The difference between Lending Bar and other lenders, is that Financing Bar is fellow-to-peer. Which means rest try choosing whether to give you currency or otherwise not. You must have a good 650 FICO or more so you can meet the requirements (yes, it means a credit score assessment), and you will Lending Club does good ount off vetting applicants and you may assigns them a grade before it lets people to determine whether you may be eligible or not.