Here's another blogger's experience using Lending Club, a leading person-to-person lending service. Peter at Bible Money Matters reports
that he has returns of over 11% with no defaults after having given out over 100 loans. He also provides some tips on Lending Club strategy.
The blogger at My Money Blog had reported that his Lending Club returns
tend to go down as the loans get older.
Five Cent Nickel blogger reported
earning 8.8% on his $10K Lending Club portfolio in 2010.