Originally Posted by clifp
Easysurfer well that is encouraging, A few questions:
How many loans to you have outstanding?
What is oldest and average length of the loans?
What is the average interest rate?
I remain interested in the concept but even more cautious..
I have 53 loans outstanding (I only loan at $25 a time). Each loan at lending club is fixed I believe for 3 years. My net annualized return as of today is 10.87%.
Instead of only piggybank and discover card rewards money, I've decided to put in $50 a month to invest.
p.s. I like the old webpage layout and colors they used more then the current one.