I’ve been a member of Lending Club since early 2008. I first found out about it on Debt Kid’s blog. What initially attracted me to it was I recently finished paying off the last of my debt. Angry about the tricks credit card companies had played on me, I wanted a way to help [...]
How Much Emergency Savings Should I Have? Should I invest in more stocks than bonds?
Every personal finance blogger has their own opinion about this. Most of them say you should have at least 3-6 months if you are single, and up to a year if you are married with children. The best strategy that [...]
They called my generation “Gen X” or the “MTV” generation. My generation learned to be wary of company loyalty. We never learned to be loyal to a company because we saw our parents laid off from their jobs where they worked for 15 or more years. We never expected to be with the same company [...]
All investments carry risk. There are no guarantees, and Lending Club is certainly no exception. In The Lending Club Primer, Part 2, we explored Lending Club as an alternative to a traditional bank loan, and as an alternative or supplement to your investments. As with all investments, we must be well informed about the risks.
When [...]
In my first installment, I gave a brief introduction on how to become a borrower or lender. Today I’m going to talk more about it as an alternative to a traditional bank loan, and an investment alternative or supplement.
Alternative to a Traditional Bank Loan. In order to borrow from Lending Club, you will need a [...]
With the economy in an uncertain state, I’ve been looking for avenues to invest my money that is not related to the stock market. One of these is through the peer to peer lending site LendingClub.com. I’ve been a member since about April 2008, so here is my brief take on how it works, and [...]
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