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

By: DR

DR — Tue, 20 Jan 2009 20:30:52 +0000

This article was featured in the Carnival of Personal Finance, which was hosted by Pecuniarities. It is a must read: http://pecuniarities.com/carnival-of-personal-finance-no-188-the-jane-austen-edition/2122

By: Pecuniarities

Pecuniarities — Mon, 19 Jan 2009 14:02:38 +0000

Carnival of Personal Finance No. 188: The Jane Austen Edition…

Welcome to the 188th Carnival of Personal Finance! Our theme for this week’s edition is Jane Austen, as I am a admirer of both her novels and the films based on her novels, which are graced throughout with witty commentary on society — and in …

By: Money Hacks Carnival #47 | Money Beagle

Money Hacks Carnival #47 | Money Beagle — Wed, 14 Jan 2009 12:24:57 +0000

[...] How to Buy and Sell Loans on LendingClub’s New Trading Platform posted at The Dough Roller [...]

By: Interview with LendingClub’s Director of Product Strategy, Rob Garcia

Interview with LendingClub’s Director of Product Strategy, Rob Garcia — Wed, 14 Jan 2009 11:41:00 +0000

[...] For a detailed description of LendingClub’s Note Trading Platform and insight on valuing loans, check out my LendingClub Note Trading Platform Review. [...]

By: DR

DR — Sat, 10 Jan 2009 12:10:08 +0000

Hoffman, thanks for the comment. It will be interesting to see where Prosper and LC are in a year. I think both programs have positives and negatives, and I invest in both. The concern I have for Prosper is that I question the ability of most investors (myself included) to accurately value a note when bidding. But time will tell.

By: Hoffman

Hoffman — Fri, 09 Jan 2009 15:16:31 +0000

Very detailed and useful review.

I agree w/ you in that offering the secondary market puts Lending Club in the leading role in this space, but remember that Prosper is still bigger. The only problem with Prosper is that they allow sub prime and have pissed off a bunch of their customers (just read prospers.org for a few minutes and you’ll see).

I used the secondary market to buy notes initially (they did not have CA when they reopened). Now that I can lend, I am investing in notes first and then getting rid of the ones I’d rather let go later.

By: Personal Finance Reviews Links Of January 8, 2009

Personal Finance Reviews Links Of January 8, 2009 — Fri, 09 Jan 2009 03:08:32 +0000

[...] Dough Roller reviewed Lending Club’s Trading Platform and discussed how to buy and sell loans with LC. I also am interested in using LC as an alternative [...]