Comments on: Lending Club Interview and Review

By: Welcome to the Carnival of Debt Reduction | Mighty Bargain Hunter

Welcome to the Carnival of Debt Reduction | Mighty Bargain Hunter — Mon, 16 Nov 2009 07:45:01 +0000

[...] Ask Mr. Credit Card has a radio interview with Lending Club, with an emphasis on debt consolidation. [...]

By: Mr Credit Card

Mr Credit Card — Fri, 13 Nov 2009 15:10:29 +0000

yep – $25.

By: Bouncer

Bouncer — Fri, 13 Nov 2009 14:55:04 +0000

Thanks for doing this. I’ve been wondering about this concept for a while and it’s great to hear it explained by them directly. Why not give it a try… so I get $25 for free to invest?

By: Eric

Eric — Wed, 11 Nov 2009 23:55:08 +0000

I have an LC account and I really like it so far. But with that said, from my own personal experience (and those of talking to veteran investors at LC), the delinquency rate seems higher than what is officially given by LC. It’s not enough to make someone run for the hills but it does mean you should be diligent in picking your loans and truly understanding the risks involved.