About a month ago I posted about how I joined Lending Club as an investor, and I talked about how I thought it was becoming a pretty good way to make a decent return on your money. As with any type of investing it does carry it's risks, but I believe that it is beginning to show that it is a risk worth taking. As with anything there are greater rewards and pitfalls depending upon how much risk you take on, but even a conservative investor can make 8-9% on their money.
I've been using Lending Club for just about a month now, and the four loans I signed onto have now actually been issued to the borrowers. All 4 of the loans have their first payments due within the next two weeks. So I'll finally be able to see if the risk I've taken on through their loans will pay off. Since the loans I signed up for were relatively conservative, being only A and B class loans, I'm pretty sure they'll pay.
So how am I doing so far? I've generated .67 cents in interest on my $100 loan! That sounds about right since my loans carry an APR between 9% and 12%.
Lending Club Giveaway And Free Cash To Start Investing
Lending club has been doing a brisk business lately, and to celebrate their success, they're going to be giving away a cool $2,500 in cash to the lucky investor who is the 25,000th registered investor. Add to that the fact that you can get $25 free to start your account now (with our referral code), and you really have nothing to lose!
In the next few weeks one lucky winner will become Lending Club’s 25,000th registered investor. To celebrate this milestone, the 25,000th registered investor will receive $2,500 cash. In addition, each new registered investor you invite during September will instantly receive $25 to invest in Lending Club notes. Lending Club notes offered by prospectus registered with the SEC. There are two ways to invite your friends to join Lending Club, have them receive $25 to start investing and become eligible for the $2500 prize!
So if you were thinking of joining the Lending Club, right now is the perfect time. $25 free in cash, and a chance at winning $2,500 if you register at the right time!
When registering online for your new investor account, type in this referral code to get $25 in cash!: moneymatters
To open your new investor account, click through the link below (yes, it's an affiliate link, thanks for using it when you sign up!):