Lending Club is an online website that offers a unique borrowing and investing model to individuals who need funds and those who are looking to make some money.
Credit-worthy, pre-screened borrowers are paired up with savvy investors in what Lending Club calls a win win situation for all. Peer to Peer or Person to Person lending is the basis of the site. Investors sign up to make money and borrowers sign up to reduce their cost of paying back debt. In summary, investors fund loans for approved borrowers. Borrowers save over bank interest rates and investors profit with returns as high at 9% annually (about the average).
Information for Investors
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