Loan # 1 has so far earned $0.79. It would have taken nearly 1 year to earn that in a interest checking account.

Loan # 2 is now 68.62% funded at $13,725. If it keeps up with this funding, it should be completed by the end of this week and become legal hopefully by next week. That's great, as both loans would end around the same time in 36 months.



So far I have zero complaints, and am excited for the future. I will reinvest all payments each month into separate loans.

I thought this is such an interesting statistic that I would repost it.

Cliff notes:

• "Over the past three years, Lending Club’s average annual return has outperformed the S&P 500 and the Nasdaq as well as other benchmarks such as Morningstar’s Corporate Bond Fund, Schwab’s 2040 Retirement Fund and Fidelity’s Magellan Fund.** (see their web page for the ** details)

• "91.69% of Lending Club investors with 800+ Notes earn returns between 6% and 18%. 800 Notes can be purchased with a minimum investment of $20,000."
  

• "62.14% of Lending Club borrowers report using their loans to consolidate debt or pay off their credit cards*."

• "Lending Club has issued $155,477,825 in loans to date (09/11/2010).
  
• According to Lending Club, not I,: "their average Net Annualized Return is 9.66%."

"Learn about Lending Club, and furthermore, P2P trading, before your children are telling you in 20 years how much they are making."

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.