Comments on: Lending Club Review, Peer-to-Peer Lending

By: Matt Silverman

Matt Silverman — Thu, 08 Oct 2009 02:52:18 +0000

I have been getting steady 12% returns with Lending Club. So far, much better than my experience with Prosper, and I definitely recommend trying it out.

Here is my review:
http://www.mattsilverman.com/2009/08/lending-club-review.html

By: * What Is Your Lending Club Performance?

* What Is Your Lending Club Performance? — Mon, 21 Sep 2009 02:27:07 +0000

[...] to your account so that you can properly diversify down these risks. If you haven’t tried Lending Club yet, now you know a bit more about the system and how to properly start your peer-to-peer lending [...]

By: * Money Market Deposit Account Versus Online Savings Account

* Money Market Deposit Account Versus Online Savings Account — Thu, 17 Sep 2009 13:03:54 +0000

[...] savings-checking combo set up requires a little more discipline. Hmm…I can’t wait until Lending Club start paying interest for uninvested fund and let me write check against [...]

By: Lending Club - My Review of Social Lending aka Peer to Peer Lending | Debt Free Adventure!

Fri, 04 Sep 2009 17:57:45 +0000

[...] Pinyo of Moolanomy.com – “Lending Club Review – Peer-to-Peer Lending“ [...]

By: Matt Jabs

Matt Jabs — Fri, 04 Sep 2009 17:49:11 +0000

I highly recommend using Lending Club. I consolidated my high interest credit card and auto loan debt through them and am saving over $500 because of it.

As far as investing… the returns are phenomenal! I am not currently investing because I am focusing on debt repayment. But in about 6 months I hope to begin investing through LC quite heavily. It is a very solid investing option right now… especially in this down economy!

By: Pinyo

Pinyo — Wed, 10 Dec 2008 14:33:48 +0000

@Fay – Thank you. I have one default as well, but after looking at the portfolio carefully, it’s one of the worst credit rating loan I am carrying. Just like anything else, credit rating matters a lot. From now on, I am sticking to higher grade loans (A and B). Otherwise, the return has been terrific.

By: Fay Simmons

Fay Simmons — Wed, 10 Dec 2008 14:24:24 +0000

I became a lender based on a post you did a year ago. I think it is a great concept and I’m looking to invest more. I got 1 loan that is in default, but the other 44 I made are in good shape. Overall, I’m making a good 12%. Thanks for the recommendation.