Is "LendingClub PPD ID: 8510605731" fraud?

Written by Gavin Brooks

June 18th, 2024

Medium Risk

What is "LendingClub PPD ID: 8510605731"?

LendingClub has been in business since 2006. The company operates as a peer-to-peer lending platform, allowing borrowers to obtain loans and investors to fund those loans. LendingClub offers a variety of retail financial products, including personal loans, business loans, and auto refinancing. The platform connects borrowers and investors directly, facilitating the lending process. The company also provides small business financing and patient solutions through its partnership programs.

LendingClub: Originator or the entity initiating the transaction

PPD: Prearranged Payment and Deposit entry, a type of ACH (Automated Clearing House) transaction typically used for recurring payments

ID: Identifier

8510605731: Unique identifier code for the transaction or the entity

Verify if this transaction is fraud in 30 seconds

Verify With Receipt

The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.

Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

STEP 1

Connect your Email

Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

STEP 2

Connect Your Bank

Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

STEP 3

Reconcile

Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.