Why Lending Club is far superior to all other peer-to-peer lending sites.
1. Only $25 to participate in a loan. Other peer-to peer websites want upwards of $250
2. Lowest overall
cost to the lender and the borrower out there.
3. Automatic
reinvestment plans set to your parameters, no idle money setting around.
4. When loans are 100% funded the loan is immediately moved to funding. Straight forward approach no bidding down your interest rate.
5. You get to choose what loan to participate in. Some other websites want you to buy into a mutual fund that puts them in control of how and where your money is invested in. I seen first hand over the last year of what happens when others control our money on wall street "NO THANK YOU" on that...
6. Lending Club offers self directed IRA's with EntrustCAMA with low annual fees.
7. The availability to sell and buy notes with FolioFn any time.
(AS A LENDER)
