Minimum: $25
Risk: Low
Return: Low (investors received 9.68% Average Net Annualized Returns as of 12/25/2009)
Risk vs Return: Favorable
Referral: Free $40 for the referee (YOU)! The referrer receives nothing
Am I an active member: Yes
My Overall Current Rating: 
(7/10) Status:
Make money the same way the banks do. LendingClub is a loan investment opportunity that is SEC-registered. As of 12/25/2009, investors received an average net annualized return of 9.68%. For those that want to borrow money, rates start as low as 7.89%. These rates are much more appealing than what the banks offer so if you're looking for something that isn't risky, this club may be for you.
The site is very simple and easy to use. You invest in borrowers and set a net annualized return you expect to receive. The higher you set the annualized return, the higher the risk. The risk is higher because with higher returns comes borrowers with weaker credit scores. Such borrowers are more likely to default on payments. For this reason, it is better to take a more diverse approach and invest in many borrowers instead of just one. The minimum to invest in a borrower is $25.
If you join using a referral link, you will receive a free $40 to invest! I receive nothing for referring you to LendingClub.I'm just sharing a good opportunity offering free money to invest.
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