Lending Club Review – How to Become a Bank
Click here for an update of the Lending Club reviewDid you ever wish when applying for a bank loan, that you were the loan officer sitting on the other side of the table? Well now you can with peer-to-peer (P2P) lending services like Lending Club. They offer a higher rate of return (over 9.6%) than many other traditional investments and you have some ability to manage risk. It’s similar in class to bonds, but is more like if you owned a bank and were the loan officer. You determine which loans you want to approve, and which ones to pass on. Sounds interesting? Keep reading for more details.
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Tags: accredited investor, Bonds, CDs, lending club, peer-to-peer lending, prosper, risk management, unsecured lines of credit | Posted under Alternative Investments, Banking, Reviews | 14 Comments
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