Comments on: Introduction To Peer-To-Peer Lending: Signing Up To Use Lending Club http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html Personal finance topics including budgeting, debt elimination and faith based investing. Fri, 30 Jul 2010 04:06:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Should You Invest With Lending Club or is too Risky? http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-16346 Should You Invest With Lending Club or is too Risky? Tue, 09 Mar 2010 13:36:42 +0000 http://www.biblemoneymatters.com/?p=3814#comment-16346 [...] Bible Money Matters has a nice Introduction on Lending Club and Peer to Peer Lending. [...] [...] Bible Money Matters has a nice Introduction on Lending Club and Peer to Peer Lending. [...]

]]> By: One Money Design Week in Review http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-16324 One Money Design Week in Review Mon, 08 Mar 2010 01:33:26 +0000 http://www.biblemoneymatters.com/?p=3814#comment-16324 [...] I read a great post about Lending Club from an investing perspective at Bible Money Matters called “Introduction To Peer-To-Peer Lending: Signing Up To Use Lending Club“. [...] [...] I read a great post about Lending Club from an investing perspective at Bible Money Matters called “Introduction To Peer-To-Peer Lending: Signing Up To Use Lending Club“. [...]

]]> By: Joseph S. Haas http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-15866 Joseph S. Haas Fri, 19 Feb 2010 19:12:22 +0000 http://www.biblemoneymatters.com/?p=3814#comment-15866 P.S. After reading the fine print that I thought was a joke, re: that of having to have $70,000 a year income, or was a past tense since corrected, but not, then sorry to those of you in that boat of a situation I did just write about. But maybe some good can come from such anyway. I'll put myself down as a borrower, like to borrow maybe $2000 for a better motor home for the next guy in need, and offer my services to make sure that you find a qualified borrower here in New Hampshire. The man I spoke with Wednesday night as the local dishwasher for that restaurant saying that he had already checked out the Wal Mart situation of being able to camp out there in their parking lot for only a few days at a time, and so to play like musical chairs, or should I say: cars or vehicles. One such location that is really cheap is that $1.00 to get onto the highway to that Rest Area to spend the night there with the Truckers when the local Truck Stop is full. How can you beat that? For free at the State Park & Rides too, but from reading some stories in other states they seem to be cracking down on such repeat "business" because it's major goal is for car-pooling of the public, and not to be used as a campground, even though you're still not ON the ground technically, but #___ inches up therefrom in your motor home. You do pay for the plates and use of the roads AND these parking spots, and so maybe a temporary there too, and so off to location #3: I have a few ideas but prefer to keep quiet about them, because as they say: loose lips sink ships, or in this case, the motor homes. Feel free to send me an e-mail if you're interested in such an investment. Hey! I'll even guarantee it. I can put $2000 into a bank escrow account, and monitor the situation, and "if" the borrower doesn't pay you back, I will under some buy-out option of the vehicle over to me, and you far away get the cash from the banker as escrow agent. Is there an attorney in the house? (;-) What about drawing up some such a contract? I have that pre-paid legal services of only about $25.00 off my credit card per month, that I've had since last Fall, and have yet to use these services, re: free analysis or draw-up of such an up to 10-page contract, and two free business letters, plus xx% off their regular hourly rate. Yours truly, JSH P.S. After reading the fine print that I thought was a joke, re: that of having to have $70,000 a year income, or was a past tense since corrected, but not, then sorry to those of you in that boat of a situation I did just write about. But maybe some good can come from such anyway. I’ll put myself down as a borrower, like to borrow maybe $2000 for a better motor home for the next guy in need, and offer my services to make sure that you find a qualified borrower here in New Hampshire. The man I spoke with Wednesday night as the local dishwasher for that restaurant saying that he had already checked out the Wal Mart situation of being able to camp out there in their parking lot for only a few days at a time, and so to play like musical chairs, or should I say: cars or vehicles. One such location that is really cheap is that $1.00 to get onto the highway to that Rest Area to spend the night there with the Truckers when the local Truck Stop is full. How can you beat that? For free at the State Park & Rides too, but from reading some stories in other states they seem to be cracking down on such repeat “business” because it’s major goal is for car-pooling of the public, and not to be used as a campground, even though you’re still not ON the ground technically, but #___ inches up therefrom in your motor home. You do pay for the plates and use of the roads AND these parking spots, and so maybe a temporary there too, and so off to location #3: I have a few ideas but prefer to keep quiet about them, because as they say: loose lips sink ships, or in this case, the motor homes. Feel free to send me an e-mail if you’re interested in such an investment. Hey! I’ll even guarantee it. I can put $2000 into a bank escrow account, and monitor the situation, and “if” the borrower doesn’t pay you back, I will under some buy-out option of the vehicle over to me, and you far away get the cash from the banker as escrow agent. Is there an attorney in the house? (;-) What about drawing up some such a contract? I have that pre-paid legal services of only about $25.00 off my credit card per month, that I’ve had since last Fall, and have yet to use these services, re: free analysis or draw-up of such an up to 10-page contract, and two free business letters, plus xx% off their regular hourly rate. Yours truly, JSH

]]> By: Joseph S. Haas http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-15865 Joseph S. Haas Fri, 19 Feb 2010 18:45:01 +0000 http://www.biblemoneymatters.com/?p=3814#comment-15865 Here today on a GOOGLE search using the words: Bible selling a house. My brother just told me how much it is costing us for the upkeep of the old homestead of our parents who died, and although we can afford it, me thinking how many others have to sell at a loss in this lousy real estate market because they don't have that 3 to 6, or even 8 plus months (as mentioned above) saved up for not only the costs for the living, but dead too. The average house selling in #___ months. As a former landlord providing apartments for the working man, AND as a working man now with my own house, BUT after getting into that tenant class again AFTER being a landlord, and seeing how much it really takes these days to make ends meet, I decided to help out my retired friend and his son for the better part of last year in providing them a $1000 used motor home camping out at the campground for $1300 for the season instead of those $50 a night motel room expenses of last April '09 of about a week or two before the campground opened. Them in the process of still trying to fix up their place even AFTER they won the court case to move back in AFTER the Town C.O.P. turned Health Officer ordered them out because of a leaking roof the major damage by a neighbor's trees, and the insurance company taking almost forever to pay up, and still has NOT paid up! Now the electric company is refusing to turn the power on because of the bill his aunt accumulated before she died. What a mess! both in the place and the "system" up here in New Hampshire. Me looking to help out the homeless too, like a friend who's a good carpenter (he helped build the addition to the Concord City Hospital a few years ago) who have these part-time jobs, like another man, the dishwasher at a local restaurant, but just don't have enough for the what? $20/day for even that room in a rooming house, ($600 a month?) and when available, as the places taken over here by the Feds: them paying the refugees from other countries BEFORE even our homeless vets! Thus me signing up here right now to become a lender, and for any and all those in similar situations even with bad credit, but the money there weekly, to help you out, just let me know. Here today on a GOOGLE search using the words: Bible selling a house. My brother just told me how much it is costing us for the upkeep of the old homestead of our parents who died, and although we can afford it, me thinking how many others have to sell at a loss in this lousy real estate market because they don’t have that 3 to 6, or even 8 plus months (as mentioned above) saved up for not only the costs for the living, but dead too. The average house selling in #___ months. As a former landlord providing apartments for the working man, AND as a working man now with my own house, BUT after getting into that tenant class again AFTER being a landlord, and seeing how much it really takes these days to make ends meet, I decided to help out my retired friend and his son for the better part of last year in providing them a $1000 used motor home camping out at the campground for $1300 for the season instead of those $50 a night motel room expenses of last April ’09 of about a week or two before the campground opened. Them in the process of still trying to fix up their place even AFTER they won the court case to move back in AFTER the Town C.O.P. turned Health Officer ordered them out because of a leaking roof the major damage by a neighbor’s trees, and the insurance company taking almost forever to pay up, and still has NOT paid up! Now the electric company is refusing to turn the power on because of the bill his aunt accumulated before she died. What a mess! both in the place and the “system” up here in New Hampshire. Me looking to help out the homeless too, like a friend who’s a good carpenter (he helped build the addition to the Concord City Hospital a few years ago) who have these part-time jobs, like another man, the dishwasher at a local restaurant, but just don’t have enough for the what? $20/day for even that room in a rooming house, ($600 a month?) and when available, as the places taken over here by the Feds: them paying the refugees from other countries BEFORE even our homeless vets! Thus me signing up here right now to become a lender, and for any and all those in similar situations even with bad credit, but the money there weekly, to help you out, just let me know.

]]> By: Pineview Style http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-15463 Pineview Style Mon, 08 Feb 2010 22:17:41 +0000 http://www.biblemoneymatters.com/?p=3814#comment-15463 I have been reading about LC over the past few months on various finance related websites. I have been thinking of joining as an investor, but I noticed that my state was not included in the list of eligible states (as I live in North Carolina). Does anyone know if they will be opening this up to residents of other states to join anytime soon? Thanks! I have been reading about LC over the past few months on various finance related websites. I have been thinking of joining as an investor, but I noticed that my state was not included in the list of eligible states (as I live in North Carolina). Does anyone know if they will be opening this up to residents of other states to join anytime soon? Thanks!

]]> By: AP http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-15055 AP Mon, 01 Feb 2010 04:05:58 +0000 http://www.biblemoneymatters.com/?p=3814#comment-15055 I was thinking of doing peer to peer lending because I was thinking about how I only have 8K of debt left to pay in 3 more months and how it'd be nice if a friend or family member would lend it to me at less than I pay now, and that would be more than they would be getting! :P Maybe once I get out of debt I will do Lending Club. I was thinking of doing peer to peer lending because I was thinking about how I only have 8K of debt left to pay in 3 more months and how it’d be nice if a friend or family member would lend it to me at less than I pay now, and that would be more than they would be getting! :P Maybe once I get out of debt I will do Lending Club.

]]> By: Mrs. Money http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-14109 Mrs. Money Thu, 14 Jan 2010 00:29:08 +0000 http://www.biblemoneymatters.com/?p=3814#comment-14109 I'm going to have to check that out. I know so many people love Lending Club. I need to do something different this year! <span class="cluv">Mrs. Money´s last post ..<a href="http://ultimatemoneyblog.com/its-more-environmentally-frienly-to-pay-with-plastic" rel="nofollow">It’s More Environmentally Friendly to Pay with Plastic</a> </span> I’m going to have to check that out. I know so many people love Lending Club. I need to do something different this year!
Mrs. Money´s last post ..It’s More Environmentally Friendly to Pay with Plastic

]]> By: Ms. Freeman http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-14107 Ms. Freeman Wed, 13 Jan 2010 23:00:41 +0000 http://www.biblemoneymatters.com/?p=3814#comment-14107 I am currently a member of Kiva to help others, but this looks like something that would benefit me as well. I will definitely look into it further <span class="cluv">Ms. Freeman´s last post ..<a href="http://www.freemanlegacyllc.com/2010/01/a-plea-on-behalf-of-haiti/" rel="nofollow">A Plea On Behalf of Haiti</a> </span> I am currently a member of Kiva to help others, but this looks like something that would benefit me as well. I will definitely look into it further
Ms. Freeman´s last post ..A Plea On Behalf of Haiti

]]> By: George http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-13423 George Mon, 04 Jan 2010 15:24:38 +0000 http://www.biblemoneymatters.com/?p=3814#comment-13423 It's a great new concept, and definitely has a big future. There is one thing that everyone ignores: risk. Our economy is entering a period of dramatic change, and the previous rates of repayment are not indicative of what is going to happen in the future. Just as real estate lenders ignored the sub-prime dangers that were evident, anyone who lends money today may want to think of the consequences of a depression or dollar collapse on their lending portfolio. Once we understand the risk involved, then I think it is a good idea to use peer-to-peer lending to make money. <span class="cluv">George´s last post ..<a href="http://feedproxy.google.com/~r/TheOnlineInvestingAIBlog/~3/qS28Wix_IuE/" rel="nofollow">How to Tell if Your Boss is a Dinosaur</a> </span> It’s a great new concept, and definitely has a big future. There is one thing that everyone ignores: risk. Our economy is entering a period of dramatic change, and the previous rates of repayment are not indicative of what is going to happen in the future. Just as real estate lenders ignored the sub-prime dangers that were evident, anyone who lends money today may want to think of the consequences of a depression or dollar collapse on their lending portfolio.

Once we understand the risk involved, then I think it is a good idea to use peer-to-peer lending to make money.
George´s last post ..How to Tell if Your Boss is a Dinosaur

]]> By: Cents http://www.biblemoneymatters.com/2009/08/introduction-to-peer-to-peer-lending-signing-up-to-use-lending-club.html/comment-page-1#comment-13174 Cents Thu, 31 Dec 2009 17:15:18 +0000 http://www.biblemoneymatters.com/?p=3814#comment-13174 Thanks for the detailed writeup. I'll be following how it goes for you and might test the waters myself. <span class="cluv">Cents´s last post ..<a href="http://makingcentsofmoney.com/makemoney/selling-magazine-subscriptions-for-income/" rel="nofollow">Selling Magazine Subscriptions for Income</a> </span> Thanks for the detailed writeup. I’ll be following how it goes for you and might test the waters myself.
Cents´s last post ..Selling Magazine Subscriptions for Income

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