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Lending Club Investment Update

I like the potential of investing with Lending Club, even though it means I will take a bigger risk. It has been a long time since I last shared my Lending Club portfolio, though I have been buying notes all the time, so I think it’s due for an update. I mentioned a few days […]

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Join Prosper, Get $50 Free Money to Start Lending

Prosper, one of the earliest players in peer-to-peer lending, was quite last year and early this year because it failed to meet regulatory requirements. It wasn’t allowed to keep operating until it was cleared by the SEC. Its chief rival Lending Club, on the other hand, was quick to get the OK from the regulator […]

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Lending Club Loan Default and Credit Score and Debt-to-Income Ratio

In my post over the weekend, I took a quick look at Lending Club’s new statistics page. The improved web page offers potential lenders a range of tools to evaluate the overall performance and risk of lending money through Lending Club. In addition to statistics provided by LC, you can also download raw data from […]

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Lending Club’s New Statistics Page Looks Good

One of the biggest challenges when investing through social lending platforms such as Lending Club is evaluating loans to minimize, but not totally avoid, risks involved in lending money to total strangers. It’s not an easy task because, though Lending Club does its job to collect and verify the data,  there’s just some much information […]

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Learn More About Lending Club Credit Rating and Collection Process

I have been using Lending Club as an alternative investment vehicle for more than half a year now. At beginning, I could only invest in LC loans through their note trading platform because of the residency restrictions. Then since last month, I began to invest directly with Lending Club after moving from NJ to VA. […]

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Invest Directly with Lending Club

I have been quite active in investing with Lending Club since February. However, for months, I can only buy loans on the secondary market because of Lending Club’s residence restriction which prohibits residents of New Jersey from lending directly. Though I was able to buy some notes at discount early on, most of the notes […]

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Lending Club $2500 Giveaway

Are you using Lending Club? If not, then here’s your chance to win $2,500. The popular peer-to-peer lending site is going to have its 25,000th investor some time this month. To celebrate this milestone, Lending Club announced yesterday that the 25,000th registered investor will receive a total of $2,500 cash from LC! I started investing […]

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Two of My Lending Club Loans Are 30 Days Late

Apparently, I was a little overstated the status of my Lending Club loans when I updated my loan portfolio and stated that there was no late or default. Somehow, I skipped one page where there are two $50 loans that are already more than 30 days late when I checked last night, both from the […]

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