Lending Club Update #1

I continue to be a fan of Lending Club and plan on increasing my investing with the site. Too date, none of my 11 loans have EVER been late (much different from Prosper where almost 40% of my loans have DEFAULTED). Here are my lending parameters for Lending Club:

Rates: A - D
Credit Score: 660+
DTI Ratio: <10%
Delinquencies: 0
Funding status: 75% and higher
Loan Amount: $10,000 or less

These parameters have provided me with 0 defaults and a 12% return so far. I will update this blog over the course of 2009 with my lending progress.

Lending Club

My Lending Club loans continue to all be on time. This is encouraging for the idea of P2P Lending and bodes well for its future of the industry. Given the current credit crunch, it is something to consider as an alternative way to get a loan if you need one. I will continue with Lending Club and start putting more money back into it this year.

Personal Finance Blogs

Here is a re-post of some of my favorite personal finance blogs. All are very good and very informative. Here are some links to a few of the blogs I read daily:

Get Rich Slowly
Lazy Man and Money
Five Cent Nickel
The Simple Dollar
BripBlap

30 Free Personal Finance eBooks

On the "Mint Blog" site, they have posted "30 Free eBooks to Learn Everything You Want to Know About Personal Finance". Check it our here.

Personal Finance Blogs

When I started this blog I had no idea there were so many Personal Finance blog sites out there. Most of them are very good and very informative. In continuing with my first post, here some links to a few of the blogs I read daily:

Get Rich Slowly
Lazy Man and Money
Five Cent Nickel
The Simple Dollar
The Tao of Making Money