Wednesday, June 10, 2009

Invested in my fifth Lending Club P2P loan

I made my 5th investment in a peer-to-peer (P2P) loan ("note") through Lending Club, $25 in a note for $11,000 for someone to buy a wooden sailboat, at an interest rate of 14.74% for a term of 3 years. The loan grade is D3, which is higher risk due to the borrower's credit score being in the 660-678 range.

Read about my fourth investment loan.

-- Jack Krupansky


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