I'm earning 12.68% at Lending Club

Hi Jackie,


I'm currently earning a 12.68% Net Annualized Return as a Lending Club investor.

I think this is a service you should check out.

It's easy and free to join. Because I invited you, you'll receive a $25 bonus on an initial investment of $25 or more.

Sign up for a no-cost account;

Lending Club respects the privacy of its members. Your personal information will always be kept totally confidential from other members--including me.

Best,

Jackie O'Quinn
Notes offered by prospectus filed with the SEC.


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The above email I just copied and pasted to here so you could check out Lending Club if you wanted. Let me explain what Lending Club is and how it works. Basically in the simplest of explanations, this is your way of becoming a bank/finance company without any of the overhead. Someone else does the billing and collecting you just reap the profits from your lending activity.

Lending Club is a marketplace where lenders with above average credit score (600 and up). Can apply to get loans at very competative rates. As an investor you are allowed to browse through these loans, you get access to the borrowers full credit profile. Based off of that information you can make a determination if you would like to fund part of the loan starting with as little as $25 up to the full amount they are asking.

Each month when the borrower makes there loan payment to Lending Club you get your portion of that payment plus interest. Each month you are getting part of your principle back with interest you can withdraw this money or reinvest it (this is what I do).

A common question is, What happens if someone fails to pay? Well that can happen and does (has not happened to me yet at Lending Club). If that happens, then Lending club is very proactive with their collections process and they even give you full details about phone calls and emails sent to contact the borrower. I know this because I have one payment that was late and had through notes on that account where borrow was contacted every 2 days for 6 days until they made there payment. That made me feel good to see they were so aggressive on the collections piece.

You are able greatly reduce any risk by being picky with the credit profiles you lend to. For example you are able to see the borrows credit score, any defaults or late payments they had in the past 5 years, how long they have been employeed, if they own their home or rent, you see how much income they earn, what their debt to income ratios is, what their revolving credit line precentage is, etc. You really are able to see alot of information before making the decision to let someone borrow money.

Another recommendation is to diversify in to several loans and not just put your eggs all in one basket. In wrapping this up, I would highly enourage anyone looking to save or invest money to seriously give Lending Club a shot it has been one of the easiest most flexible investments for me. The best part is it produces an income each and every month and it's consistent! Below I have listed some Pros and Cons.

First of all a few of the "Pros":

It's very easy to get started with only $25 initially.

It offers very high returns compared to any other investments out there

It's an income investment which means you actually generate income from it each and every month

It's very liquid, so you can withdraw money or sell your notes on the notes exchange at anytime to pull cash out if you need it.

You have full control over the investment. You decided which loans meet your criteria.

It's been a very safe investment for me.



Some of the "Cons"

It's not guaranteed, no great investment is. The banks are not getting rich off of guarantees that people are going to pay their bills. Most "safe investments" are a joke anyway. Sure your CDs at the bank are pretty safe and they are earning less than inflation and they are FDIC insured. Most people don't even realize what FDIC insurance really is. Let me just say this, do some research on FDIC insurance if something happened and you had to excersize that insurance the bank has 10 years to give you your money back. Thats not too great.

People can default. Just diversify into a bunch of loans. Start with the safest ones first till you feel comfortable. Be picky who you lend to based on their credit profile.

In interest of FULL Disclosure if you click on the link above to get a free $25 with Lending Club they will also give me $25. If for any reason you are not comfortable with that just go here www.LendingClub.com and they will not give either of us the $25 bonus. If you have any further questions feel free to contact me via email.

Hope you enjoyed learning this,


Jackie O'Quinn
International Coastal Director
1-888-309-5759
Website: www.FlexibleBiz.com/lendingclub
P.S. I have more stuff to share in later posts