I am trying to earn a higher interest rate at a reasonable risk level using P2P lending services. I am using peer-to-peer lending sites Prosper.com and Lending Club. Before I started lending, I sought and compiled advice for new Prosper and Lending Club lenders from multiple bloggers on P2P lending.
A few months ago, I gave away a few Kiva Gift Certificates — one via this blog, one via Twitter, and one via Facebook. I wanted to share with you where they went.
Tom at Prosper Lending Review used the first Kiva Certificate. He selected a loan for a restaurant owner in Read the rest of this entry »
Lending Club is offering a 5% ROI bonus in the form of a “Thank you!” to investors who lend more than $5,000 before February 3rd 2008. If you lend $5,000 before the deadline, you will receive a bonus of $250! If you use my Lending Club Affiliate Link and open the account with $1,000 initially, you will receive an additional bonus of $50! That will add up to an extra 1% to your P2P lending ROI. The best news is that the more you loan, the more bonus you will receive, so if you loan a total of $10,000 before the deadline, you will receive a $500 bonus payout. Even better you can take the bonus out in cash or reinvest it at Lending Club.
How would the Bonus Impact your Lending ROI? Read the rest of this entry »
