Comments on: Lending Club Note Trading: Another Way for Peer-to-Peer Lending

By: Mr.ArfArf

Mr.ArfArf — Tue, 12 Jan 2010 01:30:57 +0000

Actually to sign up with Folio FN (Secondary Market for Lending Club) you must first agree to the Lending Club Terms, which state that you MUST meet the requirements of an accredited investor

“The requirements are too steep for me: at least for California residents, the FAQ say “Individual lenders who are California residents must (a) have an annual gross income of at least $100,000 and a net worth (exclusive of home, home furnishings and automobile) of at least $100,000; or (b) have a net worth (determined with the same exclusions) of at least $250,000.””

So, unless I’m missing something here (please correct me if I am) you must meet a high net worth to use the secondary market.

By: Lending Club $64.62 Referral Bonus

Lending Club $64.62 Referral Bonus — Sun, 06 Dec 2009 15:56:44 +0000

[...] Lending Club Note Trading: Another Way for Peer-to-Peer Lending [...]

By: Lending Club Credit Rating And Collection Process [P2P Lending Reviews]

Lending Club Credit Rating And Collection Process [P2P Lending Reviews] — Thu, 22 Oct 2009 01:52:24 +0000

[...] 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 [...]

By: My Lending Club Loans Are 30 Days Late

My Lending Club Loans Are 30 Days Late — Thu, 13 Aug 2009 02:52:52 +0000

[...] two loans (C3 grade loan, 13.16% interest rate) were acquired in late February when I started to invest with Lending Club and they are among the first batch of notes I bought. Back then, I guess I was so eager to get the [...]

By: Lending Club Loan Risks And Returns [Reviews]

Lending Club Loan Risks And Returns [Reviews] — Wed, 13 May 2009 20:44:04 +0000

[...] of time. In fact, I have already more than doubled the number of loans I own since I got into the peer-to-peer lending business in February. Right now, I have 54 notes in my portfolio, with two more pending (it seems that [...]

By: Lending Club Introduces Self-Directed IRA in Peer-to-Peer Lending

Lending Club Introduces Self-Directed IRA in Peer-to-Peer Lending — Thu, 26 Mar 2009 02:28:18 +0000

[...] have been lending through Lending Club for a little over a month (check out my Lending Club review and lending portfolio if you are not familiar with LC) and so far I am quite happy with how things [...]

By: Jeff

Jeff — Tue, 17 Mar 2009 20:33:49 +0000

To use the secondary trading platform you don’t have to meet any of those requirements!

From LendingClub/FolionFN’s FAQ… Anyone can participate. You must first sign up as a lender with Lending Club (there is no obligation to lend money), then sign up as a trading member with FOLIOfn. Both memberships are free of charge. At this moment, applicants from District of Columbia, Kansas, Maryland, Ohio, Oregon, Texas, and Vermont are not eligible to become trading members with FOLIOfn.

On that note… Happy lending Andy!:)

By: How To Lend Money With Lending Club Peer-To-Peer Lending [Reviews]

How To Lend Money With Lending Club Peer-To-Peer Lending [Reviews] — Thu, 12 Mar 2009 18:27:30 +0000

[...] up my Lending Club loan portfolio in the past few weeks. Currently I have bought 29 loans through Lending Club Note Trading Platform, with loan returns from 10.20% to 15.68%. So far three payments have already been received with no [...]

By: Lending Club Adds Yield to Maturity to Notes

Lending Club Adds Yield to Maturity to Notes — Fri, 06 Mar 2009 17:03:33 +0000

[...] Note Trading Platform (for those who are not qualified for direct lending), be sure to check out my Lending Club Note Trading Platform review. You can even get a $25 bonus now to get started. If you found information on this Diary [...]

By: Andy

Andy — Sun, 01 Mar 2009 23:13:46 +0000

The requirements are too steep for me: at least for California residents, the FAQ say “Individual lenders who are California residents must (a) have an annual gross income of at least $100,000 and a net worth (exclusive of home, home furnishings and automobile) of at least $100,000; or (b) have a net worth (determined with the same exclusions) of at least $250,000.”

By: Lending Club $25 Sign Up Bonus

Lending Club $25 Sign Up Bonus — Fri, 27 Feb 2009 15:50:11 +0000

[...] from a $25 loan I purchased last week using Lending Club Note Trading Platform (check out my Lending Club Note Trading Platform review for details). The loan isn’t a new loan. Rather, it has already made two on-time payments [...]

By: My Lending Club Portfolio

My Lending Club Portfolio — Wed, 25 Feb 2009 03:58:52 +0000

[...] I mentioned in my Lending Club review post, all the notes I own now were purchased through LC’s Note Trading Platform and all were [...]

By: wittyphrasehere (Marc Gurney)

wittyphrasehere (Marc Gurney) — Tue, 24 Feb 2009 22:35:16 +0000

RT @robgarciasj: RT @SunFinancial: Lending Club Note Trading: Another Way for Peer-to-peer Lending: http://tinyurl.com/dyy823

By: robgarciasj (robgarciasj)

robgarciasj (robgarciasj) — Tue, 24 Feb 2009 22:18:48 +0000

RT @SunFinancial: Lending Club Note Trading: Another Way for Peer-to-peer Lending: http://tinyurl.com/dyy823

By: A Review of Lending Club’s Note Trading Platform (The Sun’s Financial Diary) - Bay Partners

Tue, 24 Feb 2009 20:17:25 +0000

[...] More at The Sun’s Financial Diary… [...]

By: Leron

Leron — Tue, 24 Feb 2009 15:13:58 +0000

Great to see such a detailed review.
I’ve been using it for sometime to find “deals” and to sell notes I’ve held for a couple of months that I’d rather give up to invest in new loans.

By: SunFinancial (Suns Financial Diary)

SunFinancial (Suns Financial Diary) — Tue, 24 Feb 2009 08:25:38 +0000

Lending Club Note Trading: Another Way for Peer-to-peer Lending: I have been thinking of getting into peer-to-pe.. http://tinyurl.com/dyy823