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Lending Club

In 2008, the peer-to-peer lending site, Lending Club exited an SEC quite period.  Since then, I’ve been experimenting with investing in loans originated through their service.

Peer-to-peer lending appeals to me because it allows for normal people, like you and me, to eliminate the traditional banks and be both the borrowers and the lenders.  The benefit to borrowers is that they have a place to get loans at rates that are usually less than they would be able to through credit cards, or through a traditional bank.  Lenders get a place to invest in an alternative investment that has a healthy return with a diversified risk.

Where to start with Lending Club

Here are a few of the articles that I’ve written about investing with Lending Club.  If you’re interested in investing with them, I suggest you begin by reading these:

  • How to Get Started
  • How I choose my investments
  • Calculating a real rate of return on my account 

Beginning in the end of 2011, I’ve also been sharing my results occasional reports on the return I’ve received and any changes in the account.

Lending Club Returns Quarterly Updates

  • 4Q11
  • 1Q12
  • 2Q12
  • 3Q12
  • 4Q12
  • 1Q13
  • 2Q13
  • 3Q13
  • 4Q13
  • EOY 2014

If you want to skip the formalities, and go straight to opening a Lending Club lending account, you can do that here:


Or, if you want to take advantage of the better rates, and borrow from Lending Club lenders, like me, you can do that here:


Lending Club now Offering Small Business Loans

Beginning in early 2014, Lending Club began offering their unique peer-to-peer lending platform to small businesses. The new offering, available in all the same states that the individual p2p offering is. We’ve done a full review of the offering, so go and read more about the Lending Club small business loans.

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Please note that Beating Broke has financial relationships with some of the merchants mentioned here. Beating Broke may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.

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