Money Management and Personal Finance | The Dough Roller
From the category archives:
Social lending has become a great way to earn high interest rates on your money and the folks at Prosper have provided even more incentive. From now until December 31st 2009, Prosper is offering cash back for the money you invest. The two tiered breakdown is as follows:
Invest $1,000 – $4,999 by December 31 and [...]
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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 [...]
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We are excited to announce the launch of our first financial calculator. The LendingClub Interest Rate calculator will help both borrowers and investors interested in p2p loans to estimate the interest rate on on a LendingClub loan. With the estimated interest rate, both borrowers and lenders can compare the rate with other lending [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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Lending Club today announced that it has “started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future.” Thus, it appears that Lending Club wants to create a secondary market for its loans that would allow peer-to-peer lenders who [...]
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Important Update: Prosper has suspended its lender program while it registers debt with the SEC. Fortunately, LendingClub’s lender and borrower programs are both active and offer attractive interest rates and terms.
If you think Prosper and Lending Club set interest rates the same way, think again. In fact, how they set interest rates [...]
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