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Win $100 from Lending Club

By David Weliver

I’m excited to announce a $100 giveaway from Lending Club, the peer-to-peer lending site, here at Money Under 30. One lucky winner will receive $100 deposited into their Lending Club lender account. Here’s how to enter…and win!

First, you need to create a Lending Club lender account. It’s a simple application that can be completed in a few minutes online. (And it’s free!) Be sure, however, to complete all the steps required, as you will need this account to collect the $100 if you win.

Second, leave a comment in this post with a valid e-mail address before midnight EST on Friday, February 27, 2009. I will contact the winner next weekend. If you win, you will simply need to email me back with your Lending Club username so the funds can be deposited into your account. As with most promotions, this contest is void where prohibited. Create a Lending Club account now.

What is Lending Club?

Lending Club is a peer-to-peer lending company. That means that Lending Club lets normal people like you and I invest money in loans to other normal people. When you create a Lending Club lending account, you can deposit an amount of money large or small and begin contributing small amounts of your investment to fund various loans posted on the account.

People applying for loans on Lending Club must meet certain minimum credit criteria to post a loan application, but then you have the ability to choose the risk and reward (interest rate you’ll earn) by picking only the loans you want to invest in.

Once you lend money to a borrower and the borrower’s loan is funded, you will begin receiving your principal plus interest back in your lender account once they start making payments. Lending Club handles all the billing and collections.

I have used peer-to-peer lending as both a borrower and a lender, and I truly believe—especially given the recent failure of our nations banks’ lending systems—that peer-to-peer lending is the future of credit. By becoming a Lending Club lender, you have the power not only to earn a much better return on your money than you could in a bank account, but also contribute to the recovery of our nation’s lending system.

Sign up for Lending Club now, but don’t forget to return and leave a comment to be entered to win $100!

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Published on February 23rd, 2009.

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20 Response(s)

  1. John

    Lending Club has been a great way to invest money in an alternative way.

    23 February 2009 at 1:15 pm permalink Reply
  2. Tim

    I’ve never heard of this site before. It seems like a great way to invest a little bit of money and make a decent return

    23 February 2009 at 5:10 pm permalink Reply
  3. Morgan

    Count me in. Lending Club is a good idea.

    23 February 2009 at 6:36 pm permalink Reply
  4. Morgan

    Thanks!

    23 February 2009 at 6:47 pm permalink Reply
  5. Jessc098

    Love your site and I’m a big fan of Lending Club. Please enter me. Thanks!
    jessc098@gmail.com

    24 February 2009 at 1:04 am permalink Reply
  6. Adam

    Awesome website. Love Money Under Thirty.

    24 February 2009 at 3:39 pm permalink Reply
  7. Liza

    I love the idea of Lending Club and would love a shot at the $100!

    26 February 2009 at 10:30 am permalink Reply
  8. Ben

    Cool offer! I’m in!

    26 February 2009 at 6:19 pm permalink Reply
  9. ccraver

    I was looking into doing a microfinance project in India and one of the organizations we looked into was kiva.org. Lending Club sounds like it follows the same principals as Kiva.

    26 February 2009 at 7:43 pm permalink Reply
  10. mbond85

    I’d like to be entered t0o. thanks!

    26 February 2009 at 8:23 pm permalink Reply
  11. Amanda Karpe

    I’m very excited about Lending Club. I just found you guys through under30finance.blogspot.com and am pretty excited to get started lending!

    26 February 2009 at 11:43 pm permalink Reply
  12. kevinj

    Love the blog. I’m trying out lending club just based on your recommendation

    26 February 2009 at 11:55 pm permalink Reply
  13. Adam

    Thank you for the opportunity to get a jumpstart on LendingClub. Looking to help invest in others! It’s money-growing time.

    27 February 2009 at 9:20 am permalink Reply
  14. Lara

    Big believer in P2P lending and Lending Club. count me in, pleeeeaaaase

    27 February 2009 at 10:41 am permalink Reply
  15. Ashley

    I signed up…neat!

    27 February 2009 at 11:58 am permalink Reply
  16. Hilton

    Free money? Count me in!

    27 February 2009 at 6:13 pm permalink Reply
  17. Ricardo

    Okay, I signed up…seems like a cool idea.

    27 February 2009 at 7:32 pm permalink Reply
  18. Dan

    Way cool…count me in
    Thanks!

    27 February 2009 at 10:45 pm permalink Reply
  19. Jocelyn

    Thanks!

    27 February 2009 at 11:36 pm permalink Reply
  20. Money Under 30

    Thanks for entering, everybody! The deadline for entries has past. The winner has been selected (using a random number generated by Random.org) and contacted. I will post one last time when the winner accepts and the contest is officially closed. Thanks again for participating, and thanks to Lending Club for offering the prize!

    2 March 2009 at 11:25 am permalink Reply

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