Monday, March 22, 2010 - 8:39 AM

Investing at Lending Club if Your State is Not Eligible

Residents of only certain states are eligible to directly invest at Lending Club, one of the popular peer-to-peer lending services. However, this post at the FiveCentNickel blog describes a way around this by investing in Lending Club notes via their trading platform. The post also describes some strategies to maximize profits from these notes.

KenBDG5,144 posts since
Nov 29, 2009
Rep Points: 117,018

1. Monday, March 22, 2010 - 1:13 PM

Does anyone use Lending Club or Prosper? I considered a few years back but I did not go through with it because it seemed like a lot of risk and a lot of time investment.

I like the idea overall of cutting out the banks and having people lend to each other, but I haven't invested time or money into it.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,953