Again there is no update for Loan #1, it is officially a legal binding note, and has already begun earning interest. In fact, it has already earned: $0.48 in interest, since the 13th of September when it became an official loan. It would have taken one entire quarter (4 months) to earn that in my checking account. The $0.48 equates to: $13.05 in payments each month, and an official earnings due to interest of: $94.85. Not bad.

Loan # 2 that I have invested in, is now 52.25% funded at $10,000. I invested $175.00 in this loan at 19.21% interest. I do not know if it is because I have highlighted Lending Club in this blog and on my twitter, but this loan is increasing in funding by nearly $1,000 everyday. People have done their due diligence and seem to agree with what I have stated. This couple is NOT going to default.


So far I have zero complaints.



If you sign up under my referral link and have an initial investment of $500 or more, you and I will each earn $50. If you invest exactly $500, the $50 you receive is a 10% bonus if you do the math. Not bad. Do your own due diligence when investing, I am not responsible for your investments, nor am I employed or paid for advertisement in any manner by Lending Club.

Learn more here.