Category Archives: lendingclub.com

My experience with the lendingclub.com – #6

As promised, a day before the first payment is due me, I am posting an update/snapshot of the data at lendingclub.com. This data is real and it is mine, I don’t think I will be posting any more of these as this gives a great overview to someone who has not yet invested as I intended to do, and that stops right there. Be well:

Summary:

Notes – Issued & Current:

Be well all!

My experience with the lendingclub.com – #5

For those of you who have supported by following the blog and our sponsors, thank you. I will be posting an update snapshot around 1-2 days before the first note payment is due (Feb-07-2011). That is to give the reader who has not invested yet an idea how things look at that time. I will also post a few more snapshot views after 15 days and just before a month is up and again on / around day 1 (a month later). At that point I believe that will conclude the frequent snapshots I may post once a month or once a quarter after that or may not post again at all, depending on schedule and interest. Again thank you for supporting the blog and comments always.

My experience with the lendingclub.com – #4

Now I know definitely as soon as I clear another $2250.00 that I can stand not to be liquid I will increase my holding in the lendingclub.com to 100 notes. I don’t think anything less then 100 notes is a decent sample of how the business operates and perhaps 500 is much better. I want to study it beginning with $2500.00 and 100 notes for at least 3 years, my projected numbers in this scenario when all payments and interest are reinvested looks something like this:

Month Principle Interest Amt to Reinvest Payments Amt Notes
1 2500 20.17 71 50 71 100
2 2550 20.57 93.42 75 72.42 102
3 2625 21.18 92.97 75 74.55 105
4 2700 21.78 94.65 75 76.68 108
5 2775 22.39 98.46 75 78.81 111
6 2850 22.99 104.4 100 80.94 114
7 2950 23.8 88.18 75 83.78 118
8 3025 24.4 99.09 75 85.91 121
9 3100 25.01 112.13 100 88.04 124
10 3200 25.81 103.01 100 90.88 128
11 3300 26.62 96.73 75 93.72 132
12 3375 27.23 117.58 100 95.85 135