What is WebBank? This question is about WebBank Credit Cards

What is WebBank?

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This question is about WebBank Credit Cards

WalletHub, Financial Company

@WalletHub • 12/09/22 This answer was first published on 02/25/20 and it was last updated on 12/09/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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WebBank is a financial services company that partners with other lenders and a range of popular brands to provide credit cards, personal loans, small business loans, and auto loan refinancing. WebBank also offers deposit banking products, including savings accounts and “time deposits” (basically a CD).

Some of WebBank’s credit card partnerships include Fingerhut, Petal, and Oportun.

Here’s some more info about WebBank:

WebBank has been around since 1997. But most consumers are still not familiar with them because most of WebBank’s most popular offerings don’t include “WebBank” in their name. WebBank is based in Salt Lake City, Utah.

Answer Question

What bank does Prosper use for personal loans?

Prosper uses WebBank to originate personal loans. The bank will fund loans of $2,000 - $50,000 with APRs of 6.99% - 35.99% and an origination fee of 1% - 5%, depending on your overall creditworthiness when you apply. You will need a credit score of 640+ to qualify, and you will have 24 or 36 or 48 or 60 months to repay the loan. Payments are made to … read full answer WebBank and Prosper also services the loan.

Key Things to Know About Prosper Personal Loans

Bank Used to Fund Loans: WebBank

Loan Amounts: $2,000 - $50,000

APRs: 6.99% - 35.99%

Repayment Periods: 24 or 36 or 48 or 60 months

Late Fee: 5% (min $15)

Origination Fee: 1% - 5%

Prepayment Fee: None

Credit Score Requirement: 640+

For more information, check out the full Prosper review on WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool.

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What bank is Fingerhut Credit Account?

The Fingerhut Credit Account card is issued by WebBank. Other WebBank credit cards include the Venue Rewards™, Yamaha Credit Card, and Dell Credit Card.

The Fingerhut Credit Card card is intended for applicants with Bad credit. Its key features arej the opportunity to rebuild credit with an unsecured credit line and a $0 annual fee.

This card has a WalletHub editor’s rating of 4.7/5. More details can be found in our full Fingerhut Credit Card card review.… read full answer

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What are LendingClub's requirements for borrowers?

LendingClub's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a LendingClub personal loan.

LendingClub Requirements for Borrowers

Credit Score: 600 - 640, according to multiple third-party sources… read full answer

Income: Not disclosed

Age: At least 18 years old

Citizenship: U.S. citizen, permanent resident or long-term visa holder living in the U.S.

Identification: Social Security number

Bank Account: Verifiable bank account

Residency: All states except Iowa and U.S. territories

Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.

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