DR 066: How to Refinance Your Student Loans – Interview with Dan Macklin of SoFi

Optimized-Refinance Your Student Loans

We’ve been getting lots of reader questions recently on student loans – what to do with them, how to pay them off, and whether or not to consolidate them. Luckily, I was recently contacted by a relatively new company, SoFi. This company specializes in consolidating and refinancing student loans, and it could offer a great […]

Published or Updated: May 20, 2014

Person to Person Lending Challenge

Borrow or Lend Online

A quick Google search reveals that person to person (p2p) lending and borrowing is all the rage. From the Wall Street Journal to the Huffington Post, the media dissects the p2p industry. The two giants in the field are LendingClub and Prosper, as this chart from the above WSJ article aptly demonstrates: I’ve invested in […]

Published or Updated: April 3, 2014

Prosper vs. Lending Club SmackDown–Who has the best interest rates?

Prosper Interest Rates

LendingClub: LendingClub investors can earn significantly higher returns than on savings accounts or CDs. For borrowers, you can submit an application in under 3 minutes and get an instant decision. For more information on becoming a lender or borrower, visit the official LendingClub website . If you think Prosper and Lending Club set interest rates […]

Published or Updated: August 27, 2015

Lending Club Now Offers Five-Year Notes!

Lending Club

With the retraction of brick and mortar banking loans, P2P lending has become increasingly popular amongst both lenders and borrowers. LendingClub, the leader in P2P lending, announced today that they are introducing five-year Notes.  Previously, the longest Note available was three years and neither Lending Club nor Prosper had ever ventured out just this far. So […]

Published or Updated: June 7, 2011

LendingClub’s LendingMatch: An Easy Way to Invest in P2P Loans (Video)

With interest rates so low on CDs and savings accounts, I’ve been more and more focused on investing in p2p loans on LendingClub. Starting this month, I’m adding $100 to $200 a month to my account, and investing it in new loans. To make this process simple, I use a LendingClub tool called LendingMatch. LendingMatch […]

Published or Updated: June 7, 2011

Lending Club Launches Tool to Track and Compare Loan Performance


Lending Club has just launched a new tool that allows investors to compare their loans’ performance with other lenders. This tool is part of Lending Club’s regular improvement of its site. From my experience, Lending Club has managed to create an incredibly easy to navigate site for both borrowers and lenders. In some ways, it […]

Published or Updated: April 21, 2014

An Interview with LendingClub’s Rob Garcia

LendingClub, a peer to peer lending site, brings individual borrowers and lenders together to fund loans up to $25,000. I got the opportunity of meeting LendingClub’s Rob Garcia when I was doing my research on how LendingClub and sets interest rates. Rob joined the founders of Lending Club and serves as the Director of Product […]

Published or Updated: February 14, 2013

How to Buy and Sell Loans on LendingClub’s New Trading Platform


Lending Club is an online social lending portal that brings individual lenders and borrowers together. Individuals looking for money can borrow up to $25,000 for a fixed interest rate repayable over three years. Lenders looking to invest can lend money in increments as small as $25. But until recently, there was one major drawback for […]

Published or Updated: June 7, 2011

LendingClub Files Amended S-1 and Discloses Changes to How it Sets Interest Rates

LendingClub, the social peer-to-peer lending site originally launched on FaceBook, today filed an Amended S-1 Registration Statement with the SEC. Now one step closer to completing its securities offering and reinstating its lender program, LendingClub also disclosed some significant changes to how it sets interest rates for borrowers and future lenders. Let’s take a look […]

Published or Updated: March 22, 2012