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

Lending Club Halts New Lender Registrations and Referral Program Pending Filing with SEC

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 need […]

Published or Updated: February 13, 2013

A Visual Guide to Lending Money with Prosper’s New Portfolio Plans

Recently I described how I overcame my fear of P2P lending. One factor that encouraged me to dive into peer to peer lending was Prosper’s new Portfolio Plans. With these plans, you can quickly and easily select the types of loans you want to make, and then leave all of the hard work up to […]

Published or Updated: March 23, 2012

How I Overcame My Fear of Lending Money on

I‘ve invested in the stock market for more than 15 years. I own mutual funds that invest in junk bonds, emerging markets, micro cap stocks and other very risky investments. I’ve lived through severe market downturns like we saw in 2000-2002. I’ve watched my portfolio balance plunge, all the while holding steadfast with my investment […]

Published or Updated: August 18, 2014

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