LendingClub review: Pre approved Loans 4

I got a letter that said the loan was pre approved up to 35000. I went on My Instant Offer with my pre approved code and guess what I wasn't approved . I only applied for 5000. I thought on pre approved applications they checked your whole credit report so knew everything about you. The reason was lack of recent installment loan information. DUH I paid my car off 3 years ago Length of time of accounts which are all over 6 years. Don't understand . IT IS A SCAM AND A CHEAT. Just throw it in the thrash when you get don't waste your precious time.