Comments on: Lending Club Loan Portfolio Update

By: Lending Club Investment Update

Lending Club Investment Update — Wed, 23 Dec 2009 04:54:36 +0000

[...] 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 [...]

By: My Lending Club Loans Are 30 Days Late

My Lending Club Loans Are 30 Days Late — Thu, 13 Aug 2009 02:50:46 +0000

[...] by!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 [...]

By: Sun

Sun — Fri, 24 Jul 2009 01:46:58 +0000

There are a list of states whose residents are not allowed to lend
directly on Lending Club. This is the only reason. Currently, New
Jersey, where I live in, is on that list. I think Lending Club has to get approval to from each state before the state’s residents can become lenders. Since I can’t lend directly, the only way to use Lending Club is through its secondary market. The secondary market is a place where loans are bought and sold. Other than the residency requirement, I don’t know there are other conditions on lending on LC.

By: Mr.ArfArf

Mr.ArfArf — Thu, 23 Jul 2009 17:20:03 +0000

Hi, Interesting blog! Thanks for posting! One thing I’m not clear on is why you can only buy notes on the secondary market? Is it that you need to be an accredited investor to invest new money in a direct loan but secondary loans are acceptable to buy? Sorry if this is obvious, I’m very interested to know. Thanks!