LENDINGCLUB will be working on a core set of banking experiences that are really targeted at our consumer .”
It ’ s a bright future – not only for LendingClub , but also for their customers , who are reaping the benefits of choice in a climate where controlling outgoings has never been more crucial to daily survival .
“ Our core consumers are highly banked with a high income , usually of over 100,000 . They have a high FICO score , between 700 and 710 . But they ' re also high debt . We help them lower the cost of their debt , manage their spending and help them find savings .”
He adds : “ We ’ re moving towards a banking experience that makes it easy for people to spot where in their lives they could find additional savings . If they squirrel away those savings , they won ' t need to use their credit card if an emergency happens . That ’ s our core aim – and the big series of investments we ' ll be making next .”