Common use of Registration as a Borrower Member Clause in Contracts

Registration as a Borrower Member. You are applying to register with us as a borrower member on the Site. Registration as a borrower member lets you post qualifying loan requests on the Site and obliges you to accept any resulting loans that satisfy such requests, subject to your right to cancel your loan request before closing as set forth in section 3 below. Registration on the Site as a borrower member is restricted to individuals who satisfy WBK’s credit policy. Under WBK’s current credit policy as of April 2010, your Fair Xxxxx Corporation (“FICO”) score must be greater than or equal to 660 and you must meet other credit criteria in order for you to be eligible to apply for any loan. If for any reason you do not qualify or you later cease to qualify for a loan from WBK, if, for example, your FICO score from any consumer reporting agency falls below 660, we or WBK may terminate your loan request and deny your ability to make additional loan requests. Even if your FICO score is higher than 660, we or WBK may nevertheless terminate your registration or loan request based on WBK’s other credit criteria such as debt-to-income ratio or other information in your credit report.

Appears in 2 contracts

Samples: Borrower Membership Agreement (LendingClub Corp), Borrower Membership Agreement (LendingClub Corp)

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Registration as a Borrower Member. You are applying to register with us as a borrower member on the Site. Registration as a borrower member lets you post qualifying loan requests on the Site and obliges you to accept any resulting loans that satisfy such requests, subject to your right to cancel your loan request before closing as set forth in section 3 below. Registration on the Site as a borrower member is restricted to individuals who satisfy WBK’s credit policy. Under WBK’s current credit policy as of April 2010policy, your Fair Xxxxx Corporation (“FICO”) score must be greater than or equal to 660 640 and you must meet other credit criteria in order for you to be eligible to apply for any a loan. If for any reason you do not qualify or you later cease to qualify for a loan from WBK, if, for example, your FICO score from any consumer reporting agency falls below 660640, we or WBK may terminate your loan request and deny your ability to make additional loan requests. Even if your FICO score is higher than 660640, we or WBK may nevertheless terminate your registration or loan request based on WBK’s other credit criteria such as debt-to-income ratio or other information in your credit report.

Appears in 2 contracts

Samples: Program Agreement (LendingClub Corp), Borrower Membership Agreement (LendingClub Corp)

Registration as a Borrower Member. You are applying to register with us as a borrower member on the Site. Registration as a borrower member lets you post qualifying loan requests on the Site and obliges you to accept any resulting loans that satisfy such requests, subject to your right to cancel your loan request before closing as set forth in section 3 below. Registration on the Site as a borrower member is restricted to individuals who satisfy WBK’s 's credit policy. Under WBK’s 's current credit policy as of April 2010February 2015, your Fair Xxxxx Corporation ("FICO") score must be greater than or equal to 660 600 and you must meet other credit criteria in order for you to be eligible to apply for any loan. If for any reason you do not qualify or you later cease to qualify for a loan from WBK, if, for example, your FICO score from any consumer reporting agency falls below 660600, we or WBK may terminate your loan request and deny your ability to make additional loan requests. Even if your FICO score is higher than 660600, we or WBK may nevertheless terminate your registration or loan request based on WBK’s 's other credit criteria such as debt-to-income ratio or other information in your credit report.

Appears in 1 contract

Samples: Borrower Membership Agreement (LendingClub Corp)

Registration as a Borrower Member. You are applying to register with us as a borrower member on the Site. Registration as a borrower member lets you post qualifying loan requests on the Site and obliges you to accept any resulting loans that satisfy such requests, subject to your right to cancel your loan request before closing as set forth in section Section 3 below. Registration on the Site as a borrower member is restricted to individuals who satisfy WBK’s credit policy. Under WBK’s current credit policy as of April 2010policy, your Fair Xxxxx Corporation (“FICO”) score must be greater than or equal to 660 640 and you must meet other credit criteria in order for you to be eligible to apply for any a loan. If for any reason you do not qualify or you later cease to qualify for a loan from WBK, if, for example, your FICO score from any consumer reporting agency falls below 660640, we or WBK may terminate your loan request and deny your ability to make additional loan requests. Even if your FICO score is higher than 660640, we or WBK may nevertheless terminate your registration or loan request based on WBK’s other credit criteria such as debt-to-income ratio or other information in your credit report.

Appears in 1 contract

Samples: Borrower Agreement (LendingClub Corp)

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Registration as a Borrower Member. You are applying to register with us as a borrower member on the Site. Registration as a borrower member lets you post qualifying loan requests on the Site and obliges you to accept any resulting loans that satisfy such requests, subject to your right to cancel your loan request before closing as set forth in section 3 below. Registration on the Site as a borrower member is restricted to individuals who satisfy WBK’s credit policy. Under WBK’s current credit policy as of April 2010July 1, 2009, your Fair Xxxxx Corporation (“FICO”) score must be greater than or equal to 660 and you must meet other credit criteria in order for you to be eligible to apply for any a loan. If for any reason you do not qualify or you later cease to qualify for a loan from WBK, if, for example, your FICO score from any consumer reporting agency falls below 660, we or WBK may terminate your loan request and deny your ability to make additional loan requests. Even if your FICO score is higher than 660, we or WBK may nevertheless terminate your registration or loan request based on WBK’s other credit criteria such as debt-to-income ratio or other information in your credit report.

Appears in 1 contract

Samples: Borrower Membership Agreement (LendingClub Corp)

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