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Investing at Lending Club if Your State is Not Eligible

Monday, March 22, 2010 - 8:39 AM
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.
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600
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.
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AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,950
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