I received an email yesterday from Lending Club. They've won an award that's pretty prestigious. But award-giving can be an inside job, I'm old enough to be skeptical.
In the meantime, my returns are above 8% on simple loans.* That's a great thing!
Here's a clip from the e-mail...
"....In addition, if you have not seen it already, I am delighted to share that The Harvard Business Review named Lending Club one of the top 20 Breakthrough Business Ideas of 2009: http://hbr.harvardbusiness.org/web/2009/hbr-list/forget-citibank-borrow-from-bob"
It's an interesting turn around since I read on the Lazy Man and Money Personal Finance Blog about how the Lending Club hit a bump or two along the road to fame. But it seems to have righted itself quite well!
BTW, I do not receive any kind of monetary reimbursement from The Lending Club besides the interest that I earn! You can, however...if you email me, I'll send you an email link to open an account. Since I'm an investor, anyone I send an email to who subsequently opens an account can earn an extra $25 immediately for investing or withdrawing -- your choice. That's how I got started -- another personal finance blogger helped me do the same. My personal email is rubysparkles75@hotmail.com
I look forward to sending YOU some money!
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Yeah, Lending Club hit some regulatory issues, but they've been out of it for awhile and are doing great. I didn't think they'd get out of it as a startup company.
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