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Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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LendingClub: P2P Lending Experiment

January 8th, 2008 • Related • Filed Under

In my quest to find the highest quality lending rates, I have ventured over to LendingClub. This is not to say that I am dissatisfied with what Prosper has to offer — because I am doing quite well for myself over there.

Instead, I’m looking to test out Lending Club’s system and determine if there are better deals residing in greener pastures.

So far, my experience with LendingClub has been satisfatory. The sign-up was smooth and I do love the website interface. Currently, I am waiting for bank account verification, but should see some progress within a few short days.

Regardless of the result, I think you’ll find my commentary to be extremely useful and help open your eyes to additional investment opportunities that exist out there.

In the meantime, if you have have or are currently lending/borrowing through LendingClub, please comment and drop us and your fellow readers a line. We’d be more than satisfied to share the experience with you.

I’ll keep you posted…
Stephen

There Are 2 Responses So Far. »

  1. Comment by Tom on 10 January 2008:

    It’s a good time to start lending with Lending Club. They offer a $25-50 referral bonus if you sign up with a referral link. They just raised rates .5% and they are offering a 5% bonus to anyone who lends more than $4,000.

    Read more here.

  2. Comment by Stephen Oakes on 11 January 2008:

    Hey Tom,

    Is the 5% bonus for anyone who lends more than $4,000 an annual payout that gets distributed into your LendingClub account?

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