Know the risks and tools before jumping into the world of online loans, and you could join thousands of borrowers that are beating their banks.
I‘ve been writing about Lending Club for quite some time now, but usually from the viewpoint of an investor. I’ve invested in 100+ loans over the last two years, and thus far I’ve been extremely happy with the experience. I’ve been pretty careful about the loans that I invest in, and I think because I’ve […]
We’re warned of the dangers of debt in the Bible, so is it OK for a Christian to lend money and earn interest? Here’s a discussion of Christians and lending.
Lending Club continues it’s explosive growth, and should surpass $1 billion in loans originated sometime in October 2012. My returns with Lending Club are now right at 12%.
My Lending Club returns have continued to increase to the point where they’re now teetering on the edge of 11%. Here’s how I’ve done it.
Three words come to mind to answer this dreaded question: Don’t Do It. Most financial experts would tell you to avoid lending to family altogether, and I would agree for the most part. However, before you simply write off that next relative who asks for cash, you might help them by having a few of […]
Getting a good return with your Lending Club account is possible as long as you properly vet the people you borrow to, you diversify your investments, and you cut your losses by selling your notes when a hint of trouble arises.
Good intentions can ruin you financially. People who are looking for someone to co-sign a loan for them often look for the nicest, sweetest, and gentlest person they know well. If you have been asked to co-sign for a loan, congratulations on being one of the nicest people in the world. But, now it is […]
Do you want something badly enough to borrow money? When it comes to debt, it’s a hard concept for me to endorse. I find it very hard to think that there are things I want badly enough that I would take on a debt to buy. But the general public obviously doesn’t share my concern. […]
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 […]
Peer to peer lending has been a hot topic on personal finance blogs for the last year or so. Lots of people are promoting it as a good way to make decent returns on your money – even in a tough economy like we’re in (Some might argue that it’s because of the hard times we’re […]