Lending Club
Lending Club Produces First TV Commercial
Lending Club has produced its first television commercial with the help of Marketing Architects Inc. As far as we know, it’s the first peer-to-peer lending company, at least in the United States, to use television advertising. The commercial targets borrowers with credit card debt and suggests Lending Club as a solution to get out of [...]
The Great Lending Club Experiment: September 2011 Update
I’m now approximately one month into what I’m calling the “Great Lending Club Experiment.” I am investing $60,000 of my own money into Lending Club notes using several different strategies. The goal is to determine which of the strategies I am testing provides the best combination of risk and reward. One of the strategies that [...]
Lending Club Receives Two More Investment Partners
Lending Club issued a press release today announcing that Peter J. Thomson and Thomvest Ventures have made strategic investments in the company. Peter Thomson has become an investor in the Conservative Consumer Credit Fund, which invests in the two highest grades of 36-month consumer loans originated through the Lending Club platform. Thomvest, Thomson’s venture fund, [...]
How to Invest $60,000 in Peer-to-Peer Lending Notes in 30 Days
Recently, I wrote that I would be significantly increasing my Lending Club investment from about $10,000 to $60,000-$70,000 over the course of the next month. I also described the several strategies I am using and how I plan to use my Lending Club investment as a source of passive income for my wife and myself. [...]
The Great Lending Club Experiment
In a recent post, I mentioned that I will be significantly stepping up my Lending Club investment. It now looks like my total deposit for this month will be about $60,000. I’ll get a 2% deposit bonus on those funds, so the total will be more like $61,200. This could be a fantastic investment or [...]
An Update On My P2P Lending Investments
Over the course of the last year, I’ve invested about $10,000 in Lending Club and have been getting great returns to date. I’m currently getting a real rate of return of about 11% (my NAR is 12.87%). I’ve also been making use of a strategy called the “Common Sense” Lending Club Strategy. With the recent [...]
Lending Club August 2011 Performance
Three months ago I began making use of a strategy that I refer to as the “common sense” approach to peer-to-peer lending. The gist of the strategy is to make use of a series of filters that avoid investing in loans which common sense are likely to default. For example, people who want to borrow on [...]
Lending Club Receives $25 Million in Series D funding
Lending Club has received $25 million in new venture capital, in a Series D round lead by Union Square Ventures. The new round of funding comes from Union Square Ventures $165 million Opportunity Fund, which aims to make later-stage investments. The $25 million raise is also the single largest initial investment that Union Square has [...]
Lending Club Looking to Fill Business Development, Marketing and Software Positions
If you’ve ever wanted to work for a peer-to-peer lending company, you now have the opportunity. Lending Club is looking to fill a number of positions, including two business development positions, two marketing positions and two web design and development positions. The company wrote on its blog, “Lending Club just keeps on growing, and we’re [...]
Lending Club Named “AlwaysOn Global 250” Winner
Lending Club was named one of AlwaysOn’s AlwaysOn Global 250 winners for the company’s lending platform, which is, according to AlwaysOn, “disrupting the online lending space.” Here’s the full press release. SAN FRANCISCO, CA – July 28, 2011 – Lending Club, (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, today announced that it has [...]
Lending Club – How Diversified is Diversified Enough?
A couple of years ago when Lending Club was periodically running webinars for investors, a Lending Club staff member talked about an investor that wanted to make a small test investment on Lending Club. The individual put $500 into one note and the borrower later defaulted on the loan. That investor had a 100% default [...]
Lending Club Cleans Up Secondary Market
Lending Club made a few changes to its secondary market this week as part of an attempt to reduce the overall number of notes listed and to improve the quality of notes listed on its trading platform. Specifically, investors will no longer be able to sell notes that have been charged off or in default. [...]
Lending Club – July 2011 Investment Performance Update
Two months ago I began making use of a strategy that I refer to as the “common sense” approach to peer-to-peer lending. The gist of the strategy is to make use of a series of filters that avoid investing in loans which common sense are likely to default. For example, people who want to borrow [...]
Lending Club Status App Now Available for iPhone
A new iPhone application which allows lenders to view their Lending Club account has been created by independent developer David Patierno. The application, titled LendingClub Status, currently only displays basic account information. The app allows investors to view their account summary, including their net annualized return (NAR), the amount of interest they’ve receive and their [...]
$25.6 Million in Loans Facilitated by U.S. Peer-to-Peer Lending Companies in June
Prosper.com and Lending Club facilitated a total of $25.6 million in loans during the month of June, marking another solid month for the peer-to-peer lending industry in the United States. Lending Club facilitated 1,835 loans between borrowers and lenders during the month of June, with a total loan volume of $20,012,025.00. Lending Club saw a [...]
Lending Club Receives Webby Award
Lending Club was named the top website in the banking and bill paying category at the 15th annual Webby Awards last Monday night. The San Francisco-based peer-to-peer lending company won the award for its re-vamp and rebranding which occurred earlier in the year. Other companies nominated in the category included JPMorgan Chase, US Bank, Kashoo [...]
Lending Club Issues Update on State Availability
The complex web of state lending laws has made it very unclear as to who can participate in the peer-to-peer-lending phenomenon. For example, in Oregon, you can take out a loan on Lending Club but you can’t make loans through Lending Club. In North Dakota you can only buy existing loans on the secondary market [...]
Lending Club Ordered to Cease “Small Loan” Operations in Massachusetts
The Commonwealth of Massachusetts has ordered Lending Club to cease its small loan operations within its borders and refund all origination fees, late fees and default charges made to borrowers in the state since April 17th, 2007. Massachusetts’s Commissioner of Banks has also ordered Lending Club to pay fees totaling $21,330.00 directly to the state [...]
Lending Club Hires former JPMorgan Exec as New Chief Risk Officer
Lending Club issued a press release this morning announcing that it had hired former JPMorgan Chase Executive Chaomei Chen as the company’s new chief risk officer. Here’s the press release: SAN FRANCISCO, June 2, 2011 /PRNewswire/ — Lending Club (http://www.lendingclub.com), the leading platform for investing in and obtaining personal loans, has appointed Chaomei Chen as Chief Risk Officer. Chen will be [...]
Lending Club – June 2011 Investment Performance Update
Last month, I introduced the strategy known as the “common sense” approach to Lending Club investing that I make use of for my personal Lending Club investments. The strategy is a series of filters that avoids investing in loans which common sense would suggest are likely to default. The strategy is very algorithmic in nature [...]
Looks like he includes a section on the Trading Platform, which is foliofn.
Module 3 – Maximizing ROI
Part 1 – ...
How about making one of these to explain foliofn?? I saw your posting about it but it is super confusing. ...
Please explain your last paragraph. If I invest 1000 dollars, why shouldn't I invest in 40 different loans? Isn't that ...