Tuesday, July 27, 2010

Lending Club Update #2

Back on April 14th 2009, I posted an update on my P2P Lending with Lending Club. So far I have funded 116 loans of which 107 are issued and current, 2 are Late 31-120 days, 4 have been fully paid, and 3 have defaulted. Overall, very good performance compared to my previous Prosper account. My monthly income is now approaching ~$85 a month. My return on my portfolio is currently 12.52%. I recommend anyone looking to generate an alternative income stream to take a look at P2P Lending and Lending Club.