Is MyInstantOffer Legal or a Scam? Here is the Answer!

“Is MyInstantOffer Legit?”

If you’re considering MyInstantOffer as your online lender, you must consider that question. Ever since the market has been populated with peer-to-peer lending platforms, scam platforms have also become prominent. These scam platforms often ripoff investors or borrowers or both.

As such, while p2p platforms can be extremely beneficial and they can help maximize your returns, you should be careful while using them.

MyInstantOffer is the online lending platform belonging to Lending Club. It is currently the world’s leading peer-to-peer lending platform, based in San Francisco with over 1900 employees under their payroll. Furthermore, it is commonly known that MyInstantOffer Pre Approval loans can be granted for up to $40,000, often with no collaterals.

But is MyInstantOffer legit? Are there any MyInstantOffer Scam warning signs out there?

The short answer is: No.

MyInstantOffer is a completely legit and legal p2p lending platform. What makes me say that? Read on and find out!

Is Legal? is a subset of Lending Club, the world’s largest online lenders. They are pioneers of the p2p lending business model which allows buyers and investors to bypass third-parties like financial institutions and transact directly with greater mutual benefits.

Lending Club is a completely legitimate organization founded in 2007 and headquartered in San Francisco. Furthermore, the loans provided by Lending Club are financed by WebBank, an FDIC-insured state-chartered industrial bank located in Salt Lake City, Utah.

As such, there are various layers of legitimacy to MyInstantOffer.

So, as for your earlier question: “Is MyInstantOffer legit?”

The answer is: 100%.

Is MyInstantOffer a Scam?

A “scam” suggests a dishonest or fraudulent scheme wherein an organization offers false promises to profit from its users.

MyInstantOffer does not live up to that definition. It is a completely legit and transparent platform. They offer both security and anonymity to their users.

When borrowers go through traditional banking institutions, they have no anonymity of identity. They have to reveal all of their personal details and information.

However, MyInstantOffer protects the borrowers’ identities by keeping them anonymous. Potential investors can only identify borrowers based on relevant details like financial history, credit history, etc, i.e., factors that will help investors determine their feasibility. MyInstantOffer Lending Club is also completely transparent about their operations.

All things considered, MyInstantOffer is NOT a Scam. In fact, they take all the necessary precautions to protect their investors and borrowers.

However, like all p2p platforms, MyInstantOffer also has complaints levied against them. So why are complaints filed against a legitimate business?

By its very nature, a p2p lending platform carries certain risks that you have to be aware of. They promise high returns, but they come with higher risks as well.

Risks of MyInstantOffer

The following are some of the risks of investing with MyInstantOffer.

  • No Insurance: Loans provided through Lending Club are not FDIC-insured since it is not an official financial institution.
  • Defaults: Lending Club does not employ any “best practices” of collecting loans. As such, borrowers can occasionally default on loans. In those cases, the investor will not receive their payment. This is an unfortunate situation. However, that is why it’s important for the lender to thoroughly vet their borrowers. This can be done by going through their employment, financial, and credit history and employing Credit Risk Management practices.

These are all legitimate risks associated with p2p platforms like MyInstantOffer. It is possible that investors and borrowers may be unlucky in their dealings. But that does not make MyInstantOffer a scam platform. Timeline

To give you a better idea about MyInstantOffer Lending Club’s legitimate progression, here’s a timeline of their history.

Date Activity
2007 Starts off as a Facebook application.
August, 2007 Receives Series A funding worth $10.26 million and becomes an official lending company.
8th April, 2008 Temporarily suspends new lender registration process and enters “quiet phase”.
20th June, 2008 Files an S-1 statement with SEC and seeks a $600 million registration in “Member Dependent Payment Notes”
1st August, 2008 Files an S-1 form amendment.
14th October, 2008 Announces completion of the SEC registration process.
Files prospectus on the MyInstantOffer website and resumes new lender registrations.
March, 2009 Receives Series B funding worth $12 million. Lending Club Company Background

MyInstantOffer Lending Club is currently one of the world’s fastest growing online p2p loan services. It is similar to other popular p2p platforms like Prosper, Quicken Loan, Lending Tree, and various others.

They can offer personal loans up to $40,000 with no collateral, and their investors can maximize their returns on investments. The investors can either finance an entire loan or purchase “notes” backed by loan payments.

The loans provided by Lending Club are controlled by the state-chartered industrial bank named WebBank. And the credit and interests are determined by the amount loaned.

Lending Club currently has an A- rating on the Better Business Bureau, which is considered to be exceptional. This is yet another sign of MyInstantOffer Lending Club’s legitimacy.

The Federal Trade Commission (FTC) did file a complaint against Lending Club on the 25th of April, 2018. However, the case is still pending, even though its details are available for public perusal.

It is certainly true that the FTC complaint is cause for concern. And hence people’s concern about MyInstantOffer’s legitimacy is warranted.

However, it is important not to jump to conclusions, especially since the case has not yet been decided. Besides that one detail, all other evidence suggests that MyInstantOffer is a legal and legitimate p2p lending platform. Sign In

Do you want to find out about the sign in process?

Since you’re on this page, you probably do.

MyInstantOffer is a San Francisco based peer-to-peer lending platform. It gives investors the chance of maximizing their returns on investments.

And it gives borrowers the chance to get up to $40,000 through MyInstantOffer Pre Approval loans that have to be paid off within 36 to 60 months. MyInstantOffer, in turn, is owned by Lending Club, which is one of the world’s largest online lenders.

In this article, we’ll guide you through the Lending Club login process and show you how to create a MyInstantOffer account. Lending Club Login Process

The following steps will take you through the MyInstantOffer Lending Club login process:

  1. Turn on your computer and connect to the internet.
  2. Access an internet browser such as Safari or Chrome and go to
  3. On the home page, click on the ‘Sign In’ button.
  4. Now you’ll have to enter your email address and password. The browser will ask you if you want to remember the password. You can select to remember it for future sessions.
  5. click on ‘Sign In’ again and you’ll complete MyInstantOffer login.

If you don’t remember your password, you can also click on the ‘Forgot Password’ option. To do so, you’ll have to enter your email address. A verification code will be sent to your registered email address.

Access that email and enter the verification code in the next screen. This will help you reset the password.

Be sure to choose a password you can remember. Once you do this, you’ll be able to login via the aforementioned steps.

So now you know the sign in process. You can login and start lending or borrowing funds!

Do you not have a MyInstantOffer account?

If not, you can read the next section to learn how to create a MyInstantOffer account.

You can also read my unbiased MyInstantOffer Reviews

How to Create a MyInstantOffer Account

The following steps will show you how to create a MyInstantOffer Lending Club account:

  1. Turn on your computer and connect to the internet.
  2. Access an internet browser like Chrome or Safari and go to
  3. Go to the ‘Sign In’ option.
  4. You’ll find an option called ‘Don’t have an account yet?’ Click on that.
  5. Enter all of the requested information. This will include your state, account type, and your official email address and password.
  6. Once you enter the aforementioned details, click on ‘Next’.
  7. A verification email will be sent to your email address. You have to access that email and click on the provided link. This will verify your identity.
  8. Now you can access your account and connect it to your bank account. Following that, you can choose an investment strategy and start investing or borrowing.

For all future sessions, you can sign in to your account using the steps highlighted earlier in “ Lending Club Login Process”. Lending Club Account Features

MyInstantOffer provides various features and functionalities for both investors and borrowers. Let’s briefly look at what investors and borrowers can do with MyInstantOffer.


With MyInstantOffer, investors can engage directly with borrowers and come upon mutually beneficial deals.

MyInstantOffer gives both small and large investors an opportunity to maximize their returns. Investors may finance complete loans and received payments with interests on a regular basis.

However, smaller investors can also buy “notes”, i.e., a fraction of complete loans. A single note can be purchased for as low as $25. As such, you don’t have to be incredibly rich to invest with MyInstantOffer.

MyInstantOffer Lending Club also gives its lenders the chance to engage in Manual or Automated Investments. Manual Investments are those wherein the investors get to personally vet all of the borrowers’ loan requests and strike a deal with the correct borrower. Automated Investments are those wherein investors can simply enter their criteria on their account, and MyInstantOffer automatically finds notes for them to invest in.

These loans are graded from A to G based on their risk potential. Grade A loans are generally extremely safe so they incur low-interest rates and offer smaller potential returns to the investors. Grade G loans are high risk but they offer extremely high interest and high returns to the investors.

Investors can find the various investment types based on risk and reward calculations in their account. They are categorized as Options 1, 2, and 3. Option 1 is the lowest risk with greatest returns and Option 2 denotes high risk and high returns.


MyInstantOffer gives borrowers the chance to get high loans approved, often without any collateral.

MyInstantOffer Lending Club offers fixed-rate loans for a period of 36 to 60 months. The rate of interest is determined by two primary factors – the borrower’s credit health, and the term of borrowing.

Borrowers with an excellent credit history, employment history, credit score, etc, will be offered Grade A loans that incur low-interest rates. Borrowers with a poor credit history will be offered Grade G loans that incur high-interest rates. Furthermore, those who borrow for just 36 months have to pay lower interest than those who borrow for 60 months.

MyInstantOffer gives out three types of loans – Personal, Business, and Medical.

Personal Loans are capped at $40,000, with no collaterals needed. Business Loans are capped at $300,000, with collaterals needed only after $100,000. And Medical Loans are capped at $50,000.

However, Lending Club is very exclusive to the borrowers they approve. As such, if you’re a potential borrower, you’ll have to maintain a strong credit history.


Based on all the provided information, are you ready to start investing or borrowing with MyInstantOffer?

If so, you can use the aforementioned steps to create a MyInstantOffer account and started lending and borrowing!

MyInstantOffer Pre Approved Code

In this article, we’ll discuss Code and how you can use it to apply for a personal loan of up to $40,000.

MyInstantOffer is one of the world’s leading p2p lending platforms. The website is run by Lending Club, the world’s largest online lenders and pioneers of the peer-to-peer lending business model.

MyInstantOffer is a platform that finances loans as little as $1,000 and as large as $40,000. They also offer business loans of up to $300,000. These are fixed-rate loans given out for periods of 36 months to 60 months.

However, the higher the period of the loan, the greater is the interest incurred.

MyInstantOffer also gives out Pre Approval Loans based on one’s credit history. To avail of these pre-approval loans, one must send their application along with a pre-approved code. In this article, we’ll discuss what that code means and how to use it.

How Borrowers can Benefit from MyInstantOffer

Before we show you how to apply for MyInstantOffer Pre Approval Loans, the following are some of the greatest benefits of using MyInstantOffer.

High Loan Amounts

Banks do not generally give out high loans. Furthermore, they need you to justify exactly why you need the amount and what you intend to do with it. If they feel you do not need a certain amount, they sometimes offer lower loans as well.

MyInstantOffer, in comparison, is a lot more liberal with their loans. You don’t need to justify why you need a loan. You only need to have a strong credit history to make you viable. Once you get approved for a loan based on that, you can take out the loan for any purposes at all.

Furthermore, you get personal loans of up to $40,000. The only thing you have to guarantee is that you can pay off the loans within the given time period of 36 to 60 months,

No Collateral

Banks ask for collateral while offering loans. As such, if you fail to pay off a loan within a given time or default, the bank can seize your assets. This is quite a frightening prospect.

However, MyInstantOffer doesn’t keep collaterals. You have to either set up automatic payments so they take the amount directly from your account when the time comes.

Or you can turn off automatic payments and clear the payment by check, though that will entail paying a $7 processing fee.

In either case, MyInstantOffer loans are a lot safer.

Low-Interest Rate

One of the primary reasons borrowers choose p2p platforms is because of the low rate of interest. Upon taking loans from banks, you have to pay a high rate of interest over time. However, with MyInstantOffer, the rate of interest can even be as low as 7%.

The rate of interest is determined by various factors, including the borrower’s credit history, credit score, risk potential, and the term of loan.

To minimize interest rate, the borrower should maintain a strong credit score over 600 and take the loan for only 36 months.

Quick Loans

Banks can often take a long time in approving you for loans. They may even take weeks to grant the loans. This is not ideal if you need loans quickly.

However, with MyInstantOffer, you can apply for the loan as soon as you are vetted and verified. Once you are verified, you have to select a lender, preferably one that offers immediate service.

Following that, the loan amount will be transferred to your account within just four working days.


There can be no anonymity when dealing with traditional banks. You are required to hand over all your personal details and justify why you need the loan.

However, MyInstantOffer protects its borrowers’ anonymity. Investors can only view details that are relevant such as your credit history, employment history, financial records, etc.

MyInstantOffer doesn’t reveal who the borrower is. This helps protect the users’ anonymity, making it secure.

You can also check my MyInstantOffer Review for more details

What is MyInstantOffer Pre Approved Code?

MyInstantOffer sends out emails to individuals with a strong credit score. Those who meet their requirements become eligible for a loan. When MyInstantOffer sends a Pre Approval Loan email, they send a MyInstantOffer Pre Approved Code as well.

The MyInstantOffer Pre Approved Code is a 12-digit code in the offer letter. You have to enter this code into the slot provided while filling out the personal loan application.

How to Apply for MyInstantOffer Code?

To apply for MyInstantOffer Code, you need to go to and enter the necessary details.

  • MyInstantOffer Code: Enter the 12-digit code in the correct slot.
  • Amount: You can enter any pre-approval loan amount up to $40,000. You should also mention why you need the loan
  • Applicant Detail: You need to mention if you’re applying individually or as a group. If you’re applying individually, you will get approved for the loan a lot sooner but you’ll be restricted to the $40,000 amount. However, if you’re applying with someone else, the process will be delayed but you’ll be eligible for a higher amount.
  • Date of Birth: This is self-explanatory.
  • Income: You should mention what’s your annual income, inclusive of all sources of income such as pension, salary, etc. Be sure to mention all sources of income.
  • Name: Your official name. This is used to retrieve your credit history and determine your risk potential.
  • Address: Your registered address helps them make sure they don’t have you confused with another individual with the same name.
  • Email Address: You can set up your Lending Club Login Account using your email address. This is also where you’ll receive all the important MyInstantOffer emails.
  • Social Security Number: You have to give your Social Security PIN number.

Once you provide all of these details, along with the MyInstantOffer pre-approved code, you’ll get officially approved almost immediately.

MyInstantOffer Ripoff Report, Complaints, Reviews, Scams, Lawsuits, and Frauds Reported

In recent months, there has been widespread MyInstantOffer Ripoff reports from borrowers and investors alike. In this article, we’ll give you a detailed analysis of MyInstantOffer ripoff reports going all the way back to 2009.

MyInstantOffer is one of the world’s leading peer-to-peer online lending platforms. The website is a subset of Lending Club, the world’s largest online lenders, founded in 2007 and headquartered in San Francisco.

People have been asking “Is MyInstantOffer legit?” since it was first founded. As a p2p lending platform, borrowers and investors are bound to question its legitimacy, especially since there are so many scam platforms on the market.

However, these MyInstantOffer ripoff concerns precipitated after the 25th of April, 2018, when The Federal Trade Commission (FTC) filed a complaint against Lending Club. The case is currently pending but its details have been made public.

We have written this article in light of FTC’s MyInstantOffer ripoff claims.

In this article, we’ll give you an overview of the six most common complaints borrowers have against MyInstantOffer Pre Approval Loans. Following that, we’ll give you an overview of MyInstantOffer ripoff reports.

Common Complaints against MyInstantOffer

The following are the five most common complaints that borrowers have about Lending Club.

1) Denial of Loan Applications:

The most common complaint against Lending Club is its extremely strict loan approval procedure. To apply for a loan, the borrowers must have a credit score of over 600 along with a stable high-income job or a net worth of at least $250,000.

2) High-Interest Rates:

People often go to p2p online lenders because of their great interest rates. However, in some situations, borrowers complain that the interests are still too high. This is usually only true if the borrower has a poor credit score or if they are taking out the loan for over 36 months. If you manage your credit, high-interest rates should not be an issue for you.

3) Expensive Loan Payments:

MyInstantOffer provides fixed-rate loans that have to be cleared off in 36 or 60 months. As such, if you borrow $40,000 and opt to clear that off within 3 years, you’ll have to make expensive loan payments. This is not really a MyInstantOffer issue because they are transparent about their payments. This is rather the borrower’s fault as they should only take as much loans as they can afford.

4) Constant Lending Club Calls:

Borrowers often complain that Lending Club calls them too often. However, upon closer inspection, it turns out that Lending Club only calls borrowers when they are late in making payments or have defaulted. As such, if you don’t want to receive calls from Lending Club, you should make your payments on time.

5) Unavailability:

Lending Club is not available in West Virginia or Iowa. That’s why certain prospective borrowers complain about it often.

As you can probably see for yourself, the aforementioned complaints don’t prove that MyInstantOffer is a ripoff. They are simply examples of disgruntled borrowers that don’t do their research or read the terms and conditions before taking loans.

Federal Trade Commission’s MyInstantOffer Ripoff Allegations

On the 25th of April, 2018, the Federal Trade Commission charged MyInstantOffer with deceiving their customers.

The Federal Trade Commission claims that Lending Club offered false promises to its customers. Their prime allegation was that Lending Club promised that customers would receive loans without any hidden fees. However, they actually charged hundred or thousands of dollars in hidden up-front fees.

Reilly Dolan, the acting director of FTC’s Bureau of Consumer Protection, said, “This case demonstrates the importance to consumers of having truthful information from lenders, including online marketplace lenders. Stopping this kind of conduct will help consumers make informed choices about loan offers.”

According to FTC, Lending Club stands guilty of the following actions:

  • Charging hidden up-front fees from users despite prominently advertising “no hidden fees”.
  • Telling applicants that their loans have been backed by investors knowing that many of them will never get their loan applications approved. This prevents prospective borrowers from seeking other loan opportunities.
  • Charging customers who had canceled automatic payments or even those who had completely paid off loans.
  • Not seeking customers’ acknowledgment before sharing private information that was collected from them.

These are all serious charges leveled against MyInstantOffer Lending Club. However, as of now, these are only allegations as the case is pending.

MyInstantOffer Ripoff Report, Scams, Lawsuits and Frauds Reported

FTC’s MyInstantOffer ripoff report has shed light on the fact that MyInstantOffer has a long history of scam and fraud allegations level against it.

In May 2017, random individuals started receiving messages from a Scott Sanbarn, supposed CEO of Lending Club. The message stated that they had been pre-approved for a $20,000 loan as long as they responded within a given time frame.

Users that tried to apply for the loan were scammed out of hundreds of dollars and they suspected their private information was also stolen and sold to third-parties.

The situation highlighted above is just one of the thousands of similar MyInstantOffer ripoff reports and complaints that have been filed over the past decade. The following are brief highlights of some of the other complaints:

  • Lending Club was charging a $3,000 fees for a $6,000 loan.
  • Lending Club kept ignoring a user’s emails regarding paying off the account. As a result, they had to pay an additional interest of $350 due to the late payoff. Lending Club refused to waive off the additional interest.
  • They charged an unbelievable high interest of $1,000 off the top of the loan. As a result, it ended up increasing the interests of debt consolidation.
  • They send out messages of pre-approval for loans in order to retrieve the user’s personal information including ID, utility bill, check stubs, etc. Once they have the information, they simply stop responding and deny the loan on a technicality.

All of the aforementioned complaints have been made in public forums. As such, they are all completely unverified and stripped of context.

As such, it’s important to take these MyInstantOffer reports with a grain of salt. While you should take them into consideration, it’s important to wait to hear from FTC’s case against Lending Club first.