Creating my first P2P Loan Portfolio on Lending Club

http://www.personalloanportfolio.com Walk through tutorial of creating a P2P loan portfolio on Lending Club.

There are several person-to-person lending sites available such as Lending Club, Zopa, and Prosper.com. There are two others myC4 and Kiva which are philanthropic, where your loan does not earn a return but is loaned ton entrepreneur in a developing country such as Azerbaijan, Bolivia, or the Ukraine.
If you have money to invest, P2P lending may be a way to increase your returns. Several sites such as Prosper and Lending Club are currently advertising approximately 12% average returns. Zopa offers lower returns but the money is not at risk since you are actually buying a CD from a credit union rather than directly lending to individuals. Zopa also combines some charity in their peer-to-peer lending strategy by allowing lenders to gift some of their earned interest to worthy borrowers.
Why use a bank when you need a loan? Need to consolidate credit card debt? Peer-to-peer lending sites such as Zopa, Lending Club, and Prosper.com can probably give you a loan at a lower interest rate by cutting out the bank. I have even seen cases on Zopa where borrowers have received a negative interest rate due to the help lenders can offer.

Lending Club Recently held a Lending Club viral video and commercial contest. If you search for lending club and contest, you will likely find those videos on YouTube.

Category:

Howto & Style

Tags:

• P2P
• Lending
• money
• Club
• Internet
• investments
• interest
• Prosper
• Zopa
• banking
• credit
• bank
• investig
• technology
• finance

[tyrell92]

prosper is better

[PLPandPFT]

Well, Tyrell, that was really helpful.

[ArgLeid]

I think the project is well set up. Unfortunately, it's not possible to read anything on your screen - one needs to guess what you're doing. And as you stated yourself, there is some work needed on the sound ...

[PLPandPFT]

Thanks for the honest feedback with specific points that I can work on. I have been needing some suggestions. Well, I knew that that the sound was not good. I'll see if I can improve it sometime over the next week. I will look into the zooming feature and try to improve the resolution. I need some tips on the sound though -- other than my voice -- I can't do much about that. :)

[onoringo]

kind of wish you showed how you determined which loans to choose. in that way it can help novices, like me, and probably help you out in the future through advice you get from here.

[JohnsTechBlog]

Personally, I don't mind not being able to read everything in detail. What's important to me is seeing *what* you're doin and *where* on the page you're clicking. Since this is supposed to be a tutorial, you can realistically expect anyone interested to have their own version of the page open, and this is where the detail will be seen.

Great video - especially as a first attempt! :-)