Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are lenders and borrowers allowed to know each others identities?

April 26, 2017allowed borrowers identities lenders

0

10 Posted

Are lenders and borrowers allowed to know each others identities?

1 Answer

0

10 Posted

No. This information is kept strictly confidential to protect everyone’s privacy on the site. Borrowers and lenders are only known to each other by their chosen screen names. Further, borrowers and lenders never have any need to contact each other directly, since Lending Club automatically manages loan repayments and, if necessary, collections activities.