Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Investing
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-07-2011, 03:59 PM
 
8,411 posts, read 7,433,189 times
Reputation: 6409

Advertisements

I recently came across LendingClub.com while on Mint.com. Has anyone uses their services for lending? I have read good reviews from searches on Google and some say they get a average return on lending their money of 8%-12%. I am considering joining to lend money only.
Reply With Quote Quick reply to this message

 
Old 03-08-2011, 12:03 PM
 
Location: Houston, TX
17,029 posts, read 30,950,313 times
Reputation: 16265
Sounds like a Ponzi scheme
Reply With Quote Quick reply to this message
 
Old 03-17-2011, 09:07 PM
 
Location: Orlando
8,276 posts, read 12,871,073 times
Reputation: 4142
I have heard of it but there are better investments that can yield higher returns that are SEC registered. one I know starts at 15% plus can give tax write offs of up to 85% so if you have a heavy tax liability you could benefit way more so.
Reply With Quote Quick reply to this message
 
Old 03-18-2011, 06:54 PM
 
12,671 posts, read 23,826,766 times
Reputation: 2666
Quote:
Originally Posted by Singlelady10 View Post
I recently came across LendingClub.com while on Mint.com. Has anyone uses their services for lending? I have read good reviews from searches on Google and some say they get a average return on lending their money of 8%-12%. I am considering joining to lend money only.
I use to use Prosper and made some decent gains. I live in Texas now so they don't offer that. I also have a Lending Club account.

Diversify your folks. Don't lend a lot to just 1 person.

Go with very good credit people as well as mediocore and bad credit.

Bad credit has a high risk but higher the returns too.
Reply With Quote Quick reply to this message
 
Old 03-22-2011, 12:09 AM
 
1,374 posts, read 2,438,062 times
Reputation: 789
Quote:
Originally Posted by AONE View Post
I have heard of it but there are better investments that can yield higher returns that are SEC registered. one I know starts at 15% plus can give tax write offs of up to 85% so if you have a heavy tax liability you could benefit way more so.
15% return?
please do tell
Reply With Quote Quick reply to this message
 
Old 03-22-2011, 08:07 PM
 
12,671 posts, read 23,826,766 times
Reputation: 2666
Quote:
Originally Posted by Scott456 View Post
15% return?
please do tell
You can even get higher then that but its a high risk borrower who has bad credit. Just hope this D credit borrower pays on time.
Reply With Quote Quick reply to this message
 
Old 03-29-2011, 08:48 AM
 
Location: Dallas
77 posts, read 316,909 times
Reputation: 42
has anyone used this to borrow money? whether it be prosper or lending club?
Reply With Quote Quick reply to this message
 
Old 03-29-2011, 12:28 PM
 
12,671 posts, read 23,826,766 times
Reputation: 2666
Quote:
Originally Posted by dinoo82 View Post
has anyone used this to borrow money? whether it be prosper or lending club?
I am a lender. Its a good way to borrow.
Reply With Quote Quick reply to this message
 
Old 03-29-2011, 03:34 PM
 
Location: Dallas
77 posts, read 316,909 times
Reputation: 42
as i look more into lending club... it doesnt really look like there are any real "cons" if you were to borrow right?
Reply With Quote Quick reply to this message
 
Old 03-29-2011, 05:22 PM
 
12,671 posts, read 23,826,766 times
Reputation: 2666
Quote:
Originally Posted by dinoo82 View Post
as i look more into lending club... it doesnt really look like there are any real "cons" if you were to borrow right?
You have to get a lender first that that will agree with your terms.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Investing

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top