Investing in Notes with Lending Club

[Ludmila Hill]

I'm thinking about buying notes through Lending Club.

Would like to know if anyone had a good experience with them, was it a good choice? How about your exit strategy? Were you able to sell the notes? How long did it take?

If Lending Club is not a good choice, any alternative website that I should look into?

Thanks in advance for the help!

Ludy

[Chuck Van Court]

I have used LC for about 15 months now and find their platform to be easy to use. Adjusting for defaults, my annualized yield is about 11%. I believe a return in the 7-8 % range is very attainable with minimal time.  I buy, but do not sell notes on LC’s trading platform delivered by Folio. Folio has a very rudimentary interface, but gets job done with not much effort. LC’s customer support is very responsive.