Lending Club – Legit Investment? [Honest Reviews]

Looking for Lending Club reviews?

Perhaps you want to get started as an investor but you have questions unanswered or you’re skeptical.

I’m here to share my honest review and opinion on Lending Club and give you all the details you need.

Before I start…

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Lending Club - Legit Investment? [Honest Reviews] 5

Lending Club Reviews

Lending club allows you to invest in others debt where you can earn high income.

It is a system which allows you to earn more than the traditional fixed income investments.

The P2P platform has been well structured where you can easily get started in your investment.

Some of the investment types which can benefit from the arrangement include IRA investors, people who would like to diversify their sources of income, hand off investors and those who are ready to take high risk.

Although the risk involved is high, the platform allows you to easily earn good money out of the different investment options available.

Lending Club is just 1 of many investment websites I have been reviewing lately. Others include RealtyShares for real estate investing, WiseBanyan and also Edward Jones.

Check out the Lending Club website:

lending club website

Features of Lending Club

Allows different account types

You will be free to choose from a wide range of accounts at the company. For example, you can invest in traditional IRA, simple IRA, Roth IRA, rollover IRA, among other forms of investment. If you are an investor who will like to invest in different investment options, the company can work very well for you.

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iOS and Android App

The platform allows you to view your lending club account on mobile devices. It makes it possible to invest from any location. Even if you are too involved in travel, you can still invest after you take advantage of the online investment option.

$1,000 Minimum

The minimum amount you can invest at the company is $1,000. You may even need more money if you would lie to diversify your investment portfolio.

Lending Club Investing Requirements

There are several requirements you need to fulfill before you can invest in the company. Some of the requirements you need to fulfill included the following:

Income Level

You should have more than $70,000 annual income before you can qualify for the investment services offered by the company.

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Approved States

Not all states are provided for the investment options offered by lending club. Some of the states approved include all the states except Alaska, North Carolina, New Mexico, Ohio and Pennsylvania.

Risk involved in the investment strategy

There are several risks you are faced with after you decide to invest in the company. Some of the risks you face include the following:

Default Risk

The investment are not insured like the bank CDs or other forms of investment which are secured by FDIC, you may end up running into loses if you incur defaulters in your investment portfolio.

Inflation Risk

The income you earn is fixed, if you incur high inflation rates, it can end up reducing your earnings to a great extent.

Management Risk

The annual fees for the accounts at the company are 1% of your investment. It may increase over the years which can lead to reducing your income. Other risks you incur after you invest in the company include the following: Marketplace, Callable Risk, Diversification Risk, Liquidity Risk, Economy Risk and Pricing Risk.

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Pros of Lending Club

Potentially Higher Returns

If you compare the investment options available at lending club with other forms of fixed income investment, you will realize the company has high income potentials. If you would like to make a lot of money out of your investment, then the company can be the best place where to get started. They have put in place measures which ensure you can enjoy great returns on investment if you are ready to risk your money and invest in the company.

Many Filtering Options

In order to locate the right investment option, there are several filters you can apply so that you can know the right opportunity to invest and the one you can ignore. It is an online platform which makes it very easy to choose the right investment option.

Automated Investing

There are several automated features you can take advantage and invest your money. The system has different features which make it very easy to invest in different options.

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Improved Secondary Market

From lending club reviews, many people have seen great improvements on the secondary markets which lead to making great profits.

Lending Club Verdict

All in all Lending Club certainly has it’s positives and negatives but overall looks good.

Some of the drawbacks of investing in the company include untested investment options, long term investment where you need to wait for long before you can enjoy returns.

The returns are not insured and not all people are free to venture into the services offered by the company.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my recommendation below.

It’s helped me earn over $300k in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

Lending Club - Legit Investment? [Honest Reviews] 5