Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [lending-club]

Questions about the US Based company Lending Club.

13 questions
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Are peer-to-peer loans viable options for savings/investing?

Now that peer-to-peer sites like Lending Club and Prosper have matured are they viable options to add to my savings/investment portfolio or should I only use them with extra cash?
brainimus
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What are the tax implications of a LendingClub loan writeoff?

I've invested some small amount of money in LendingClub notes. I wrote about it in my blog, if anyone is interested. Overall it seems to be working great, I spread my investment over a broad variety of loans with various ratings, and have (in…
littleadv
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Compare and contrast lending services: Lending Club and Prosper?

Of these two peer-to-peer lending services, Lending Club and Prosper, which have you had a better experience with? What are the advantages and disadvantages of each? Of course, this can be a nuanced answer, and each may be better for certain uses.
Agypsykaravan
5
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1 answer

How can someone invest in areas that require you to be an accredited investor [without qualifying as an accredited investor]?

I have some money that I would like to invest. I have some money invested in the stock market and I have found some other places I'd like to invest as well, but it seems that many places require that you be an accredited investor. I've looked at…
Ryan
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Does LendingClub's quick screening impact credit score?

I'm new to the US and trying to get a loan for buying a car. I know it's hard to get a loan without credit history, but I just clicked around. I typed some information from the homepage of LendingClub. After creating an account it also requires my…
Jeffrey Zhao
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Lending Club is not available to my area. Is it possible to invest via somebody else?

I live in DC and can't invest using Lending Club. My brother lives in CA and does. Is there any way to 'gift' him money or any other way to have him invest money for me? I want it to all be legal but would love to find a way to make this work.
Daniel
2
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1 answer

Lending Club accredited investor verification

I'm an undergraduate student with some money made from summer jobs, the few loans that I have are all subsidized so I'm not paying any interest. I'm looking to invest some of my savings into something better than .05% APR. I just learned about…
Throsby
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2
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1 answer

Peer to Peer Lending Small notes Vs Large Notes

I have recently started investing in lending club. Very minimum with $25 in each note. I was wondering which is better funding. The small notes vs large notes; 36 vs 60 terms in addition to considering the loan grades, purpose of the loans,…
4exchange
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2
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3 answers

P2P lending in Maryland?

I'm interested in investment through Prosper or Lending Club, but both are not available in Maryland where I live. Is there any other alternative that I can invest quite safely?
user67275
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Why would interest payment be nearly double that of principal on a LendingClub loan

A friend of mine took a loan from LendingClub last year so as to pay off some credit cards and other debt and to have just a single payment to make each month. Admittedly the interest rate offered by LendingClub was not particularly low: it's 21.18%…
user100487
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Calculate Months Until Loan Break-Even (Lender Perspective)

I'm invested in LendingClub and I want to take a loan and be able to calculate the date that I would break even. I want to know the date when my investment (note amount) equals the total payments received (principal + interest + overdue fees -…
Clete2
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Peer to peer lending business model (i.e. Lending Club)

I am doing some research on the peer-to-peer business model. When looking at Lending Club, I was wondering what the legal framework model is for them. To be more specific, how are they set up as a company? How do they manage the lenders' money and…
samyb8
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Lending Club - Interest rate and interest received compared with total payments discrepancy?

I have a Loaner's Lending Club account. There seems to be a discrepancy between some of the numbers on my account (the discrepancy would be in my favor, I just want to know why they are the way they are). The below image shows the situation. My…
Jenny Shoars
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