I’ve been testing out some new money tactics, with the goal of getting my net worth up to $0 by September 2014. But November, the month of a big charity event and the lead-up to Christmas, is a tough place to start. How am I doing? Change: +$379 or +1.76% Upwards! But not upwards “enough” […]
Get $64.62 to Invest with Lending Club
Maybe you’ve been following my Lending Club experiment for months, or you’re just hearing about how to invest money with Lending Club now. Either way, I’m sure you’re intrigued by the idea of a free $64.62 bonus! Why $64.62? According to the email Lending Club sent me, it’s because “last quarter, banks made $6.462 billion […]
Lending Club: One of My Loans Defaulted
Buzz kill time! After five on-time payments, one of my Lending Club loan borrowers has just stopped paying the bill. I’d hoped this wouldn’t happen (of course I hoped this wouldn’t happen!), but it is sort of interesting to see how Lending Club handles it when someone stops returning their phone calls (literally). When I […]
Lending Club: First Payments Received
Late in February, I decided to start experimenting with Lending Club by investing the $50 bonus that was deposited into my account when I signed up (using a referral link). I chose two loans, which were issued and entered repayment. Last week, I received the first payment from each loan! You can see a snapshot […]
Lending Club Experiment: Loans Issued
Last week, I started up my Lending Club Experiment: to take the $50 bonus given to me for becoming a lender at Lending Club, and use it to test drive the service. It’s a hot topic – I can tell because I received a slew of emails asking me for referrals to get $50 bonuses. […]