I think that P2P lending is a great way to generate consistent and dependable income. After playing around with it for over 2 years, I am convinced that it is a good idea and will be a significant part of my income generating portfolio. Every month, I'll post an update on my progress with Lending Club. This is update #2. First Default I started with Lending Club … [Read more...] about Lending Club Update #2
P2P Lending
Lending Club Performance Update
I see P2P lending as a critical part of my retirement portfolio and currently have accounts with both Prosper and Lending Club. I'll provide monthly performance and strategy updates. For now, I'm going to focus on Lending Club. … [Read more...] about Lending Club Performance Update
Introduction to peer-to-peer lending with Lending Club and Prosper
Prosper.com and LendingClub.com are two websites that facilitate peer to peer (P2P) lending. What is P2P lending you ask? Wikipedia.org defines it as follows: Peer-to-peer lending (also known as person-to-person lending, peer-to-peer investing, and social lending; abbreviated frequently as P2P lending) is the practice of lending money to previously unrelated individuals or … [Read more...] about Introduction to peer-to-peer lending with Lending Club and Prosper