Lending Club Experiment

Background

In 2017, I started to read about the Lending Club and how many people were using this as a form of investment. Lending Club is a platform that allows for peer-to-peer lending where investors will receive an expected rate of return depending on the risk level. Similar to investing in the stock market, there are factors that determine the risk of each “note.” In addition, there is another platform that does some very similar called Prosper. The debate has gone on and it seems that the Lending Club has a higher number of users, so I decided to make a small investment.

Updates

I plan to post monthly updates here for you to see how this all works and whether you feel it’s worth the investment.

Starting Investment: $5,000

Term: 3 years