Skip to Content

Become a Lending Club investor and win $2,500

More
Text SizeAAA

Filed under: Banks, Borrowing, Credit, Debt, Simplification, Investing, Personal Loans

Peer to Peer lending isn't just a good way to get a loan for consolidating your debt or launching a small business, it's also a great way to invest.

LendingClub.com, one of the best known p2p lenders, is celebrating its growth and the popularity of peer-to-peer lending by giving away $2,500 to its 25,000th investor. Given the $25 minimum investment at Lending Club, that means you could instantly earn 100 times your investment in addition to the average return of 9.64% for loans made through Lending Club.

The contest runs through September, or until the 25,000th Investor joins Lending Club, and is open to all residents of the United States. Even though the contest is celebrating the 25,000th investor, you don't actually have to invest in a loan to enter. If you want to wait until you find the right individual to lend to, you are still eligible to win if you complete the sign up process.Investing money through LendingClub.com is pretty simple. After you complete the sign up process, which includes verifying your identity and linking your bank account, you can browse through thousands of loan requests from individuals and small businesses who are looking for cash. Since you only need to invest $25 in each loan you want to invest in, you can even diversify your investments so that you can take a risk on one individual while being a little more careful on the rest of your investments.

If you want to familiarize yourself with the Lending Club loan process and learn more about why and how some individuals invest in lending club, I highly recommend that you read Lending Club: Invest in Your Friends at FiveCentNickel and My Review of Social Lending which WalletPop profiled in A Borrower's Look at Using Lending Club. To learn more about the peer-to-peer lending industry in general, be sure to check out WalletPop's interview with Chris Larsen, CEO of Prosper.com, to learn all about peer-to-peer lending.

If you still aren't ready to enter the peer-to-peer lending market, you can still score some free stuff from Lending Club by entering their Twitter contest. For the next two weeks they are giving away Lending Club t-shirts, messenger bags, pens and other items to anyone who tweets about the promotion before Sept. 15th. The easiest way to enter is to simply tweet: "Become @LendingClub's 25,000th investor and win $2,500 by September 30 http://bit.ly/36sz8 RT to win t-shirt"

What are you waiting for? Get busy tweeting or investing for your chance to win and help someone out at the same time.
Subscribe to Walletpop

Loans: Get the Basics

In addition to using our calculators for loans and finding out the current rates on loans, educate yourself on the basics of the loans you are shopping for.

Readers' Choice Winners for Best in Winter Travel
Votes have been cast for Best Ski Hotel, Best International Ski Destination, Best Caribbean Cruise ...
Readers' Choice Awards for Best in Sweets
Is there a maker of fine chocolate candy that makes your mouth water just thinking about it? Who ...

Julia Scott
Julia Scott Filed under: Bargain Babe

Borders coupon for 33% off

Here is the latest coupon from Borders. Get 33% off any one regular-priced item today through Thursday, Feb. 11. Some exclusions. Online use coupon code BSL7210X. One per person. The coupon also ...
Tom Barlow
Tom Barlow Filed under: Food

No seed shortage for gardeners this spring, despite reports to the contrary

Thanks to the recession, more Americans are interested in growing their own vegetables. Bad timing, according to an Associated Press report that seeds for some popular veggies might be in short supply ...
Mitch Lipka
Mitch Lipka Filed under: Recalls, Consumer Ally

Deaths spark crib recall: CSPC says to stop using Generation 2 and ChildESIGNS cribs

The U.S. Consumer Product Safety Commission is issuing a crib recall and warning anyone with Generation 2 Worldwide or "ChildESIGNS" drop side cribs to stop using them following reports of the deaths ...
Zac Bissonnette
Zac Bissonnette Filed under: Real Estate

Survey says? Homeowners think real estate collapse is over

A Thomson Reuters/University of Michigan survey published last week suggests that most homeowners think the worst is over, and don't anticipate further declines in the value of their properties in ...

Headlines from WalletPop Partners