Any experience w/ P2P loans for investment?

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MacGyverIt
Posts: 19
Joined: Mon Jan 02, 2012 9:18 pm

Post by MacGyverIt »

Saw lendingclub.com advertised on mint.com then read an article on this P2P lending company. If it works, there's a great interest rate attached to loaning money to someone who checks out credit-wise. Does anyone here have experience with such things? Sounds like they have some good systems in place and making a minimum 6+% return is a nice thought....
About the returns:

http://www.lendingclub.com/public/steady-returns.action
Review:

http://wealthpilgrim.com/lending-club-reviews/ (<--- reviewer notes he is affiliated with lc.com)
Article walks through the investment process:

http://www.fivecentnickel.com/2009/05/1 ... isk-loans/


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