A Note to Our Investors

less than a minute read

LendingClub is now Happen Bank.

Thank you for your participation in Happen Bank’s retail investing program. We appreciate the trust you placed in us over the years.

The program has now been fully wound down, with all Notes repurchased in 2024 and all investor accounts closed by the end of 2025. The investor portal was permanently closed in January 2026.

We've put together answers to the questions we hear most. If something isn't covered, reach out to investorops@happen.com.

Happen Bank Resources

Related Articles
What is direct pay and how does it work for debt consolidation?
With direct creditor payment, funds from your debt consolidation loan are disbursed to your outstanding accounts rather than being deposited into your bank. Some lenders offer an APR discount for borrowers who choose this feature. Here are five lenders that offer direct pay options.
Personal Loan
Oct 15, 2026
4 min read
Mother and daughter sitting on couch while mom is talking on the phone and working on laptop.
Is debt consolidation worth it? Pros and cons
Debt consolidation combines multiple high-APR debts into a single payment—ideally at a lower APR, with a defined end date. It can help save money and simplify your finances, but whether it makes sense depends on your credit profile, the APR you can qualify for, and your ability to avoid new debt after consolidation.
Personal Loan
Oct 12, 2026
4 min read
rc debtconsolidation hero
10 steps to debt consolidation: What to know before you apply
Debt consolidation replaces multiple high annual percentage rate (APR) balances with one fixed-APR personal loan. Before applying, knowing exactly what is owed, verifying that it actually saves money, checking your credit score, gathering documents, and checking your rate to see the actual APR before committing are important steps. This guide walks through each step in order.
Personal Loan
Oct 12, 2026
5 min read
Does Debt Consolidation Hurt Your Credit Score | RC
Will applying for a personal loan affect my credit score?
Applying for a personal loan may affects your credit score differently at each stage of the process: from the initial rate check through to full repayment. A personal loan can affect a credit score positively or negatively over time, depending upon several factors. 
Personal Loan
Oct 11, 2026
4 min read
How to Improve Your Credit Score: Our Favorite Credit Hacks
Fixed vs. variable rate personal loans: which is right for you in 2026?
When you consider taking out a personal loan, there are two ways in which your rate can be structured. The choice affects not just your monthly payment, but the total cost of borrowing over the full term, particularly if your loan runs several years.
Personal Loan
Aug 31, 2026
4 min read
interest-rates and fees header latest
Related Impact
It's Official—Radius Joins Happen Bank!
Today, we are thrilled to announce the completion of our acquisition of Radius Bancorp, Inc. (“Radius”). In February 2020, we announced our intent to acquire Radius and shared how we can grow and deepen our customer relationships with a marketplace bank.
Company News
Jan 30, 2021
2 min read
Radius Officially Joins LendingClub
Related FAQ's
Who can I contact if I have questions?
For questions not addressed above, email investorops@happen.com.
Investing FAQ
Jun 21, 2026
less than a minute read
What happened to my loans?
All remaining Notes were repurchased in 2024, with investors receiving their final loan payments as part of the repurchase process.
Investing FAQ
Jun 21, 2026
less than a minute read
What happened to my account?
All investor accounts were closed in stages throughout 2025. The closure process was fully completed by the end of 2025.
Investing FAQ
Jun 21, 2026
less than a minute read
Do I need to take any further action?
No further action is required. The program has been fully closed.
Investing FAQ
Jun 21, 2026
less than a minute read
Is Happen Bank's retail investing program still active?
No. Happen Bank’s retail investing program has been fully discontinued.
Investing FAQ
Jun 21, 2026
less than a minute read
Related Glossary
Revolving Credit
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
R Letter Term
Sep 6, 2023
4 min read
Accrued Interest
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 
A Letter Term
Mar 21, 2023
4 min read
Annual Percentage Rate (APR)
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A Letter Term
Mar 21, 2023
3 min read
Charge-Off
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
C Letter Term
Feb 7, 2023
3 min read
Fixed Interest Rate
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
F Letter Term
Feb 4, 2023
3 min read
4.8QR Code7K+ App Store Reviews
Apple App Store IconGoogle Play Store Icon
iPhone 14 Pro Perspective Mockup copy 1

88 Kearny Street, Suite 600
San Francisco, CA 94108