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Old 03-14-2010, 01:52 PM   #21
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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..
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Old 03-14-2010, 02:10 PM   #22
Give me a museum and I'll fill it. (Picasso)
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Originally Posted by clifp View Post
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.
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Old 03-14-2010, 11:53 PM   #23
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I'm in lending club too, just as an experiment. I only have 9 loans and $300 bucks in there but I am averaging 12.07%, all are current. Oldest loan will be a year in June.
Might add more like easysurfer, $50/mo.
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