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BWillie · 03-20-2010, 10:54 PM

Has anybody tried this as a way to invest money? http://www.lendingclub.com

Apparently it is a peer-to-peer loan system. In this day in age where banks aren't giving anybody a loan, maybe it could take off. They say the average investor gets 9.65% return on their money. I think you even have control of what kind of loans or types of people are allowed to take loans w/ the money you invest.

I saw it a couple years ago on like 60 minutes, and remembered about it and looked it up. Some people have complaints about it, and some people rave that it's the best way to invest money right now.

I have 20K laying around earning pretty much no money, and I'd like to put it in a relatively liquid investment. Not sure if this is for me or not.

03-20-2010, 10:54 PM
BWillie El Gato Gordo Loco Join Date: Apr 2006 Location: Earth Casino cash: $2031241	Lending Club Has anybody tried this as a way to invest money? http://www.lendingclub.com Apparently it is a peer-to-peer loan system. In this day in age where banks aren't giving anybody a loan, maybe it could take off. They say the average investor gets 9.65% return on their money. I think you even have control of what kind of loans or types of people are allowed to take loans w/ the money you invest. I saw it a couple years ago on like 60 minutes, and remembered about it and looked it up. Some people have complaints about it, and some people rave that it's the best way to invest money right now. I have 20K laying around earning pretty much no money, and I'd like to put it in a relatively liquid investment. Not sure if this is for me or not.
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