URGENT - Personal Loan before Grad School (Income Verification)
Hello,
I am soon to start my grad school classes and on top of my huge student loans I have decided to apply for a 15k personal loan with Lending club (and have gotten dicked with a pretty nasty APR). I have done my calculations and I won't have a problem repaying and am even willing to work two jobs if I can't land a well enough paying gig after school. The problem is that on my personal loan app I mentioned that I am still employed (which I am) but did not mention anything about leaving (to start school) nor about 80k extra student loans that I'm about to get (I haven't accepted my student loans yet for this reason). I did this to not get denied for the amount that I applied for. My question is this - will they possibly do a job verification after I get the funding and are there any legal consequences if they do find out? I am also going through some immigration processes and would not want anything to blow up in my face. It doesn't seem like I lied about anything and I might be overthinking. If anything, I'm the one getting screwed. Plus I don't even make that much money and will be getting student loans as income as well. Does it make sense to tell them about grad school or just go with my plan? Thank you for the help.
Hi NeverOutOfTheFight, any of these topics helpful:
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Hope that helps.
I got a loan through them about three years ago. They never contacted be again after the funding. I wouldn't worry about anything other than your ability to repay it.
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