How does $2,500 from Lending Club sound?
September 3rd, 2009 | by mbhunter |Aww, shucks! This contest has expired. But if you have excellent credit you can still get great rates if you borrow from Lending Club!
You could get enough funds in your Lending Club account for one hundred peer to peer loans — if you just happen to be Lending Club’s 25,000th registered investor!
Lending Club has gotten even better recently with its secondary marketplace, so not only is it possible to fund loans — which have had a net average annualized return of over 9.6% — but it’s also possible to buy and sell notes mid-term, essentially the same way mortgage companies do. (Certain restrictions and eligibility requirements apply.) In other words, there are now options for investing in loans besides holding them to maturity.
Anyway, back to the $2,500. Here’s what you need to do for your shot at it:
- Open a Lending Club investing account for free and complete the registration process — which includes creating a password, verifying your ID, and linking up a bank account — before the clock strikes midnight on the East coast on October 1st, 2009.
- There is no step 2. You do not even need to fund your account to enter!
The winner will be announced October 1st, 2009. If you’re the winner, please let me know and I’ll brag about you! 
