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.