Lending Club
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Thread created 06-26-2012 by stickb0y89
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LOL! A 6% IR is way too low for an unsecured loan. even benevolent credit unions charge 8%
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I see, I used 6% as a very safe and conservative number just to see how much interest I can make if I was to get involved in lending club
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
Ive been a LC investor for about 4 years. I realize about an 8% return.
I find LC to be useful piece ina DIVERSE portfolio.
Feel safe to invest a PORTION there, but spread your investments...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I've got 6K in and also have 8% return. First year or so had a ridiculous 15% or something return but as some defaults were charged off, it has been pretty steady at 8. On my fourth year now and I...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
Is there a listing of excluded states on the website? I did a little poking around on the site and didn't see anything, but I probably missed it.
Edit: Nevermind...found it:
The Notes are...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I remember seeing someone who had excellent credit and was getting a very low rate. They were borrowing the money to loan it out on lending club :lol:
And thats how you get rich - using other...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I invested only $250.00 as a feel out process I felt like if I lose my money then its only $250 and I will give it a shot
I invested in 10 loans in December right now all my accounts are up to...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I've taken out a loan from Lendingclub several years ago. its legit.
If you reside in certain states, you cannot invest. There is no way to know if you are going to get screwed big time or not,...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
Mint is promoting this. I am considering investing. Any updates from those with experience with it?
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I am not looking to take one out, I am looking to invest
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
i know. 10%+ is available for a tiny increase in risk over notes @ 6%
examples:
https://www.lendingclub.com/browse/loanDetail.action?loan_id=1387376&previous=browse
...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I have a 5 iron you could borrow.
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
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They have an offer where you get a $100 amazon GC for taking out a $2k loan + $10 fee.
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I have not personally used them, but I read an in-depth article in Forbes about the site. It is indeed peer-to-peer, where people lend their money via micro-loans to other people through the site,...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
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and then there are people borrowing from lending club to invest in the housing market ~.~
I accidentally gave $25 to one of those people, because I thought it said renovating his kitchen, not an...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
This is interesting. its like the micro loans to 3rd world countries but here in the USA.... I might throw a thousand at this and see how it runs....
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
you sound like a credit nOOb. expect a rejection. that's what happens to 90%+ of LC applicants.
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
lol at leveraging...
same as taking out a 2nd mortgage to invest in other areas.
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
My investing experience is similar to above.. I've only got about 18 loans out over the last 6 months, so far seeing an 11% return but expect that to decline due to write offs, etc. So far, no...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
Lending Club is legit. Lots of borrowers use it, lots of lenders use it. I've invested with it for 3+ years and while I have had some defaults, my real rate of return is ~8%.
Go for it.
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I just put in the absolute minimum of $250, through my CC, so thats an extra 1%. Kinda hard to diversify with that amount, especially when they state investors with 800 or more notes @ $25 (20k) have...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
can someone please help me figure the following out since my math is horrible.
Whats the formula to calculate how much interest I will earn per month on the following
Invest 1k in $25 note...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
Has anyone used Lending Club? I have some outstanding CC debt with fairly high interest rate. I recieved an offer in the mail from lending club to cut down my interest rate. I read online that its a...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
info?
Anyone know if Lending club is actually legit and should i waste my time with it?
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
Never heard of them but looking at their website, they look like all the other high risk lenders. Just read all the fine print very carefully.
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
Quick question. I bought a few notes all at the same time 2 weeks ago, 3 got funded 2 got funded and then went into review..
Ive checked on the ones in review and they are still 100% funded, but im...
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
I damn sure was a credit n00b and paying for my mistakes now. I like to consider myself a bit better now.
Lending Club
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Thread created 06-26-2012 by stickb0y89
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28 Replies
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Looks like it's only available in certain states. :( I was going to try it out, and invest enough money to get a $100 sign up bonus.
Lending Club
Expired
Thread created 06-26-2012 by stickb0y89
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28 Replies
4,972 Views
How about credit wise? I've never actually had a personal loan taken out from a company other than an auto loan and student loan. How much will it affect my credit if I pay everything on time? - I...
