I decided to put just $100 per month for now and see how it work.
So I picked 4 notes, each $25 dollars.
| Note 1 - 5.32% |
| Note 2 - 10.49% |
| Note 3 - 10.49% |
| Note 4 - 17.99% |
When I pick my notes I checked
- credit score of borrower
- reason for borrowing
- occupation and ownership/rent
- number of delinquencies
I will keep you posted about my progress.
Thanks for reading and please share your experience with Lending club.
Welcome to the Lending Club club... :)
ReplyDeleteI have only about $500 invested so far. Can't decide if I want to add more to it or not. So far, all of my notes are current so it seems to be working as planned.
I will be curious to hear your thoughts in the future on it! If you like it or not.
-Adam
Hello Adam, thanks for stopping by. Nice to hear it works for you. I can't wait to start receiving my small income! Best wishes!
DeleteGreat job! I signed up for Lending Club recently as well and am enjoying it so far (you can see more on my website). Some loans are safe but don't have a great interest rate while others are risky but have a great return. It's all about the risk/reward you are comfortable with.
ReplyDeleteTheDividendLife.com
thanks for stopping by! yes, I am trying to stay on safe side of loans. I will check your page for sure! Good luck!
DeleteGreat job HHWG! I've been using lending club for several years now and am slowly selling off all of my notes. I got up to over 200 or so for a bit but now am focused elsewhere. Have been very happy with my return though. Take care!
ReplyDeleteHope Lending Club works well for you. I've been using it for a couple years now and have been making about 6.5% in interest with it. It has been a great way to diversify.
ReplyDeleteScott