Not exact matches
According to The
Lending Club, a peer - to - peer
lending service, total P2P loans funded for small businesses grew from
about $ 850,000 in 2007 to over $ 22 million in 2012.
About the only two arguments I've heard for piracy being good are anecdotes from authors who seem to mistake correlation with causality (sales increased by 100 % since being pirated), and those comparing it to book
lending via libraries or in book
clubs.
Peer to peer
lending sites such as Prosper and
Lending Club generally provide a lot of information to potential investors
about those looking to borrow money, making it a very transparent way to invest.
Before you decide which is the best peer - to - peer
lending option for you, you should learn more
about Lending Club and similar companies.
While people have complaints
about Lending Club, most of the negative
Lending Club reviews seem to come from borrowers who didn't understand the
lending and repayment process.
I was listening to your investing in the perfect portfolio podcast and though to ask you
about some alternative investments like peer to peer
lending like Prosper and
Lending Club.
Specifically, though, after a year and a half investing at
lending -
club I have had an annual return of
about 17 % (which varies slightly for me based on how long it's been since note (s) have defaulted), investing exclusively in high interest, low - grade notes that return large interest sums but also default a bit more often.
How
about I try to illustrate this point with some concrete examples: I went ahead and looked up some numbers, thanks to a debt consolidation calculator and some sample notes from
Lending Club's peer to peer
lending network.
Question, so I've done
lending club for
about 9 months now and are fairly happy with the returns so far, but I am at a cross road here.
Peer to peer
lending intrigued me from the moment I first heard
about it, and
Lending Club is where I first started investing back in 2009.
If you want resources
about lending, ask lenders, not hostile attendees at a real estate
club.