Lending Club Note picks for 11/8/09

Sorry it's been so long since my last update but I've been really busy and my portfolio showed, $165 was sitting around waiting for me to invest so I did that tonight. So you guys know, I'm going to try to be doing my final paper in my Scope and Methods class on analysis of Lending Club notes in SPSS to see if I can find what notes perform best and basically beat Lending Club's algorithm.
In Lending Club news you can follow @lendingclub on twitter and retweet their contest to win a free shirt and $50 to your account, a pretty slick deal, in my opinion. While you're doing the twitter thing remember check out @thepeertopick to get updates whenever the blog is updated as well as any other P2P news that I put out there because I'm too lazy to blog it. You might also want to check out @thelittlevc who also has a P2P lending blog.

Top Pick: "Business Buy-off Loan"
This borrower has a great credit score, no record/delinquencies, and is looking to buy out a business. The borrower says they'll keep their regular job for now which earns  $70k a year so this seems stable even if the business is a flop.

I don't have time to write up my other 2 picks but here they are:
"Son in College"
"Piano Purchase for Music School"

Lending Club Note Picks for 10/20/09

Top Pick: Credit Card Loan
This borrower has been employed at the same place for 10 years, which generally means job security. The purpose of the loan is to consolidate credit cards, the borrower's rate wouldn't actually drop that much but he says he cares more about having only one payment. The borrower's utilization is high and the credit history is short (4 years) but there is no delinquency and only 1 inquiry on file.
$15,000@19.82%
Approved/Unverified

Runner Up: Blessings Cottage
This borrower is looking to buy an established business. As you know, I don't like to invest in new businesses but the purchase of an established business has a little less risk and the rate on this loan is pretty good. The borrower has a high utilization but that's because they haven't worked on building their available credit, they've only used $2,139 of credit.
$25,000@20.17%
Under Review/Unverified