tag:blogger.com,1999:blog-429358648825183567.post8189071541641310256..comments2012-01-17T04:14:53.627-08:00Finance Fanaticnoreply@blogger.comBlogger27125tag:blogger.com,1999:blog-429358648825183567.post-28246097169003519272012-01-17T04:14:53.627-08:002012-01-17T04:14:53.627-08:00Good work...<br /><br /><br /><br /><br /><br /><br /><br /><br /><a href="http://www.stockprofessors.com/" rel="nofollow">hot penny stocks</a>stockhttp://www.blogger.com/profile/16407019442320498385noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-14614823908671225162011-06-05T14:22:24.446-07:002011-06-05T14:22:24.446-07:00I gullibly signed on for a loan, I was approved and told when the money would be in my bank. I gave them my bank<br />s routing number and account number,and SS number. they tested the numbers I gave them by taking out 27 cents. Then suddenly on the next day after it (the loan) was to be in my bank&#39;s account, they renigged and wouldn&#39;t allow it to be processed, thus they, in effect, stole all my personal information. I contacted them three times; no response! I had to change all my information with the bank and contact the SEC and IRS and credit agencies. What a stress and mess! I would not recommend them to anything other tahan a scam. They may allow certain persons who&#39;s income appears worthy for them to give themselves a good name, but I say BEWARE!!!!!Arzantinenoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-89016657523298255322011-05-26T23:00:50.932-07:002011-05-26T23:00:50.932-07:00I am very interested in this post because I write about similar things on my blog and also invest with LendincClub. My account is 0 defaults, 1 late, 20 loans.<br /><br />One problem I have found with LendingClub is that they have recently created preselected questions that a lender can ask a borrower. You can no longer create you own questions. When a chosen question has been asked before then it is not allowed to be asked again. I am having trouble with this idea. It does save time by not having to type up the question to every borrower, but it doesn&#39;t get your questions to the borrowers. Some of the borrowers have answered the questions incompletely leaving the lender feeling like this is a bad borrower. If LendingClub can clean up the Q&amp;A process then I will be a lot happier with their system.Aleksey Kulichenkohttp://alekseykulichenko.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-60826083348108727612011-03-25T00:11:28.089-07:002011-03-25T00:11:28.089-07:00Banks are not investing because they make more than 9.6% on their loans. This is the basic philosophy behind peer to peer/micro lending. If banks loan money at 18.5% and pay savings accounts at 2.5%, they make a 16% profit. Instead lending club let&#39;s me loan to someone at say 12% they arre saving 6.5% and I am making an extra 9.5% that is simplified as lc does charge very small transaction fees, and there is the risk of default which is eaten up by the bank. But more or less the whole idea is that banks already do this, but make it a much worse deal for everyone but the bankZachhttp://www.blogger.com/profile/16489437577800432043noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-47313491221795823022011-02-26T21:50:07.277-08:002011-02-26T21:50:07.277-08:00Banks aren&#39;t investing in this because there isn&#39;t a definite percentage of return. Banks lend a and make money on the person borrowing right? They make their money investing in companies not people people. Also, their investment is the individual person.Danhttp://www.blogger.com/profile/12212878940002380504noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-59312093148117778662011-01-25T18:14:30.908-08:002011-01-25T18:14:30.908-08:00If you can get 9.6 returns on these investments, why aren&#39;t the banks investing in them? They loan money for 4.5% while they could be getting 9.6%. This does not sound legitimateAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-39372162834828282742010-12-14T01:25:45.655-08:002010-12-14T01:25:45.655-08:00I don&#39;t know about this topic more.But By reading your post I got impressed.Now I am interesting to know more about this.Penny Stockshttp://www.pennystockville.com/noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-69804538142998525552010-11-30T17:55:15.291-08:002010-11-30T17:55:15.291-08:00As for an official update. Its been almost 2 years since my initial inception into Lending Club, and thus far, I am still impressed. Out of the 17 loans I have been issued, only 1 has defaulted. <br /><br />I maintain a near 9% return on my invested money and am set up to reinvest my interest.<br /><br />I have seen and heard of many instances where a high grade loan goes into default, which yes, does happen. Do not assume that you are guaranteed to make money at lending club. It is a P2P lending site, which incurs default risk just as a bank would. Even though a person may have good credit, does not mean they will not default on the loan. For this reason, I choose not to participate in lower than C grade loans and I diversify like crazy, giving no more than $25 to a loan... I will keep you updated.Finance Fanatichttp://www.blogger.com/profile/14477699822418504148noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-15438929135786434962010-07-14T05:34:47.003-07:002010-07-14T05:34:47.003-07:00Would it be possible for someone using a stolen identity to get a loan? This might account for defaults where the credit rating was excellent. To put it another way (and perhaps I should be contacting Lending Club for the response), how carefully does L.C. verify the identity of the borrower?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-20646401882400803202010-06-14T07:56:02.591-07:002010-06-14T07:56:02.591-07:00I have about 5K (176 investments) in Lending club and so far 2 are late (over 120 days). Statistically speaking, about 3-5% will default which translates around 7 defaults. I choose mostly &quot;A&quot; and &quot;B&quot; rated loans with few C and D&#39;s. Never made an investment over $25 and so far this strategy has served me well. I am expecting around $300 in returns for this year alone. <br /><br />However, I still have doubts about this whole deal... It sounds too good to be true.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-85799975255899787702010-03-21T11:30:56.579-07:002010-03-21T11:30:56.579-07:00I also have a lending club account. I have put money into this for loans to be made. I have a problem with their collection process, and their verification process. I provided $200 toward a 20k loan, after 1st payment, they can&#39;t find this guy. Loan was classified a B loan, which is pretty much safe. This guy&#39;s record was perfect, wanting to buy a house. Next thing, they can&#39;t find this guy, knowing who his employer is, bank acct, etc. How do I know someone didn&#39;t make this guy up, make a loan at lending club. How do I know someone at lending club isn&#39;t running a scam for who they work for. Too many unanswered ?&#39;s. talk to their atty. and you get lawyer talk, dnacing around the question but never answering the ?. all I can say is be very cautious, and DO NOT participate in any loan for the max!!!! This co. needs to fix their holes if they are legit. My next step is FTC. If their are enough complaints, they might do their job as they claim, or get shut down for fraud!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-33925668001673771702010-03-15T01:04:35.021-07:002010-03-15T01:04:35.021-07:00only been on lendingclub for 2 months, so far all loans have paid on time (~40 loans).<br /><br />tough to know how it will go longer term.<br /><br />btw keep in mind the loans are 3 year loans, so when they say a certain grade defaults at an 8% rate, that means there&#39;s a 24% chance they&#39;ll default by the end of the loan term.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-20336987414690786172010-02-08T18:59:57.144-08:002010-02-08T18:59:57.144-08:00I think LendingClub is legit but that doesn&#39;t mean you will make money investing with them. <br /><br />Our account is diversified over about 80 loans. Almost all are rated C and higher. Eight accounts have defaulted to date and the percentage &quot;gain&quot; has slowly drifted down into negative territory.<br /><br />And you know those guys that tell you about how you got robbed buying your last new car, that they got that exact same car for thousands less. And they always do? And they do because they are so much smarter than you? These guys love LendingClub and yes, they&#39;re all making 16% and more. <br /><br />Don&#39;t believe it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-17280808170845233792010-01-30T08:22:39.859-08:002010-01-30T08:22:39.859-08:00Lending Club just ripped off my brother for $2,000 when he never even called this company or ever heard of them. They will not call him back and we have now had to call the FBI. Anyone even considering this company to be true is misguided and needs to contact their banks ASAP as well as the FBI. THEY WILL STEAL YOUR MONEY THIS IS NO JOKING MATTER.stevenhttp://www.blogger.com/profile/02430062023416295783noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-40373061050363973562009-10-20T22:43:51.900-07:002009-10-20T22:43:51.900-07:00Make money from hyips with no risk,only paying hyips recommended<br />HYIP(High Yield Investment Program) is a investment program that anyone can join online and deposit fund, in return the member will earn high interest in short period of time. There are tons of HYIPs on the Internet and most of them are closely monitored by HYIP rating sites and HYIP forums.<br />You can find HYIPs from those HYIP rating and monitor sites. makecurrencyonline.com <br />and hyipfunding.com are the best hyip rating and monitor sites. They provide a long list of HYIPs with latest comments, rating and payment status on each HYIP. If you plan to join HYIPs, invest only the amount you afford to lose because your principle and profit aren’t guaranteed. Also you will need an Liberty reserve a/c to deposit fund and receive interest &amp; return. What is the Liberty Reserve?<br />http://libertyreserve-investment-hyip.blogspot.com/2009/09/what-is-liberty-reserve.html<br />Below are steps that can help you get started to invest in HYIP:<br />Step 1<br />Open an Liberty reserve a/c at http://www.libertyreserve.com You will find detailed <br />instructions on how to fund your Liberty reserve a/c from libertyreserve.com<br />Step 2<br />Visit makecurrencyonline.com and hyipfunding.com and find the HYIPs that interest you. Read the comments and ratings of each HYIP to make sure they are paying to members before you deposit fund to the HYIPs programs you selected. To lower your risk you must diversify your investments into several HYIPs (you may start off with HYIPs).<br />Step 3<br />Just waiting your payment from your deposited hyips. If a HYIP&#39;s website down, there could be 2 possiblility:<br />1) They are experiencing technical, IT problems or security issues which wil be back online later usually.<br />2) They have closed down and you lose money or you still earn some money overall.<br />Again high return means high risk. So only invest the amount you afford to lose.<br />Buy/sell liberty reserve,we recommed the following exchange sites<br />http://ebuygold.com/<br />If you are interested in make money on hyips,We Recommed some good sites for you<br />Read news about hyips.make money fast and easy<br />http://libertyreserve-investment-hyip.blogspot.com/<br /><br />Make millions liberty reserve and perfectmoney in paying hyips fastest Real Investment<br />http://www.payinghyiponline.com<br /><br />Make $50k libertyreserve money daily on forex trading<br />http://www.libertyreserveforex.net<br /><br />Our HYIP rating list has the most reliable and trusted HYIPs.<br />http://www.makecurrencyonline.com<br /><br />HYIP Monitoring &amp; HYIP Rating. Best HYIP Monitor Help your Investment Grow!<br />http://www.hyipfunding.com<br /><br />Post Your AD on 1000+ Forums<br />http://www.yahoomsngroup.com/bullionsInvestorhttp://www.blogger.com/profile/00644547951071979787noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-71062658380172307042009-10-06T17:07:19.128-07:002009-10-06T17:07:19.128-07:00Its been over 9 months since my initial investment in Lending Club and I still have yet to receive 1 default. Not even a late payment. My annualized 10.5% return has remained in tact and I plan to allocate further funds to this program. I will keep you updated.Finance Fanatichttp://www.blogger.com/profile/14477699822418504148noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-12354484504560953722009-09-30T17:34:06.483-07:002009-09-30T17:34:06.483-07:00So it&#39;s been about 9 months since your initial post regarding Lending Club.... mind sharing your experience?<br /><br />I just signed up and purchased $500 in notes at lendingclub.com to test the waters. The process was remarkably simple and I was able to transfer funds immediately using PayPal (as opposed to waiting for them to verify my bank account). I&#39;m curious to see how the first few months go!<br /><br />Thanks for your review of LC,<br />Dan in ColoradoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-5067164345301935502009-08-03T18:05:35.155-07:002009-08-03T18:05:35.155-07:00Not sure I understand that last comment. Were you acting as a lender or borrower? <br /><br />FF - thanks for the run down. I just came across this company through P2P Lending search. I was thinking about throwing in 5k as a test... my calculations, including a provision for bad debt, shows a safe comfortable return (using a slightly conservative lending strategy). Personally, I can see this as a great way to augment your portfolio (from stocks, mutual funds, savings).<br /><br />Thanks againAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-54332839095079902342009-07-28T14:25:41.192-07:002009-07-28T14:25:41.192-07:00Lending club is true scam. At first they let you ask for some amount money, after they take your amount 10 times down and charge you from your bank account, even you don&#39;t have any loan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-13593201036843687072009-07-11T02:43:51.153-07:002009-07-11T02:43:51.153-07:00The obvious answer to the &#39;high bar&#39; set by CA is.....MOVE!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-1912504696112196942009-02-23T22:57:00.000-08:002009-02-23T22:57:00.000-08:00Anon,<BR/>With most alternative investment vehicles where you can risk losing your investment, the PPM usually requires a ridiculous amount of personal worth in their contracts, mostly for legal purposes. I just invested in an 2 IPO's that had similar language. Indeed, you don't necessarily have to have that worth, but as legal protection to the company, they usually require it in the contract language.Finance Fanatichttp://www.blogger.com/profile/14477699822418504148noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-70156959892607383752009-01-26T18:05:00.000-08:002009-01-26T18:05:00.000-08:00Why did California decide that it was necessary to place such a high means-test to become a Lending Club member? I just read the rules on their site, and if you live in California, you must have a $100k/year income AND $100k in net worth outside of your home and car, or just $250K in net worth outside of the house and car. That's kind of a ridiculous bar to set. I'm kind of poor, but would still like to invest in this lending service with funds that I have which I don't need for food/shelter. And I'm WAY below the bar.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-48451540716390438422009-01-12T13:24:00.000-08:002009-01-12T13:24:00.000-08:00I've been investing in Lending Club since October and have nothing but good things to say. I have only had 3 late payments and several of my loans were paid off early.<BR/><BR/>So far so good, Thanks for the posts, keep up the good work!<BR/><BR/>-JayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-12353110342341138262009-01-12T11:45:00.000-08:002009-01-12T11:45:00.000-08:00Anon1,<BR/>Sure, you risk any investment being a scheme, especially in this type of market. It does give me comfort that they do register their business with the SEC so there is at least some sort of regulated terms. I know that doesn't mean much, but it is by far better than the other p2p sites. Plus, the business model makes sense in this type of market. But I agree with you, you can never be too careful in this market. This is why I am choosing to try it with lower funds first off. Thanks for the comment.<BR/><BR/>Anon 2,<BR/>I will go into the secondary market more in my other post, but just as a quick answer. You set the price of what you want to sell the loan for. So you can make it as liquid as you want. There are some variables that make a loan more appealing, like if the credit of the borrower has gone up since purchasing the loan. That info is available.Finance Fanatichttp://www.blogger.com/profile/14477699822418504148noreply@blogger.comtag:blogger.com,1999:blog-429358648825183567.post-77916996818538841052009-01-12T10:37:00.000-08:002009-01-12T10:37:00.000-08:00You alluded to there being a secondary market for the notes they issue; is there any visibility as to how liquid these are?Anonymousnoreply@blogger.com