I am not an employee of Lending Club, Prosper, or any other P2P site, I'm just a regular person who uses these sites to invest money. Their names are their respective trademarks and the loans are on their sites, offered by the prospectus available on their site.
I am a a college student, not a financial expert, don't take my posts as advice, they're only intended to highlight some loans I find interesting, if you lose a lot of money don't sue me, it's still your job to determine how much risk you will accept, always investigate notes before ordering.
Although I can't guarantee anyone's return rate, my own rate hovers around 12.5%:
I was first an investor with Prosper, I joined a few months before they filed with the SEC. I switched the Lending Club in May of 2009 and I've invested about $6,000 spread across 150 notes in that time.
I'll make posts about general tips I have for investing later but loans I post will always have a return rate high enough to beat the average. At this point I'm only reinvesting payments I receive so I don't invest in any note that is less than 1% more than my net annualized return. These listings are sometimes from less-than-perfect borrowers so the risk is higher but I've only had 1 late note so far so I think the risk is worth it.
Peer 2 Peer lenders are a small community, if you spot a note that looks good then email me or post it, I'll respond to your emails and comments because I love to hear from other P2P lenders. Everyone has a different strategy and I'd love to get more input when I make posts with lending tips.
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