Anyone have info or experience with lending clubs?

[chucklenut]

offers peer to peer loans and the average returns is between 7 and 12% according to a few blogs I’ve read

Anyone know anything about these? I just found out about it myself

 

[Cadcom]

offers peer to peer loans and the average returns is between 7 and 12% according to a few blogs I’ve read

Anyone know anything about these? I just found out about it myself

I used one after my divorce several years ago. Took 3 very high credit cards (thanks ex-honey!) and rolled them into 1 monthly payment that cut the credit card interest rates by 2/3. They charge a "processing" fee that varies on the amount you borrow on top of the agreed interest rate. If I had to do it all over I would probably go home equity loan or talk to the bank first.

 

[KrisD]

Yeah they are $$ but they are easy to work with

 

[chucklenut]

I used one after my divorce several years ago. Took 3 very high credit cards (thanks ex-honey!) and rolled them into 1 monthly payment that cut the credit card interest rates by 2/3. They charge a "processing" fee that varies on the amount you borrow. If I had to do it all over I would probably go home equity loan or talk to the bank first.

Hmmmm so you used them as a borrower; what about as a lender

 

[Cadcom]

Hmmmm so you used them as a borrower; what about as a lender

Never looked into that. I'm to busy "lending" money to the dang kids that live in my house!

 

[Realtor]

Never looked into that. I'm to busy "lending" money to the dang kids that live in my house!

Wages are low and everything cost a fortune to live, cut them some slack

 

[Cadcom]

Wages are low and everything cost a fortune to live, cut them some slack

Well they are 20, 15 and 13. I guess I could.
But wages seem to be fine at my office and in my 20 yr olds chosen field (once she graduates)

 

[KrisD]

I did a 40k loan to consolidate years ago. Im on my finale 9 months.

I think i got 38k total and after all the crap i pay back 44k.

I hate debt to pay debt but at the time i had to make a move for my company

 

[41mag]

Never looked into that. I'm to busy "lending" money to the dang kids that live in my house!

Got anymore room ? I need a new daddy. whats my new mommy look like?
J/k brother ! Lol. Merry Christmas!

 

[Cadcom]

Got anymore room ? I need a new daddy. whats my new mommy look like?
J/k brother ! Lol. Merry Christmas!

New mom is pretty hot. But you can't call me deddy out in public!