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

How Much Should I Save?

$
$
%
How to Serve Cheese
Everyone loves cheese, but do you know how to compose a cheese plate? What cheeses go well ...
Too Many Sweets Will Impair Your Immunity
It doesn't matter what time of year it is, sugar and sweets always seem to be in abundance. Cookies, ...

Barbara Hernandez
Barbara Hernandez Filed under: Technology

Pulse SmartPen a fun, useful $150 gift for students

Although I write about technology I won't say I'm a gadget junkie, but when I saw this item, I admit to feeling a bit covetous. The Pulse SmartPen is indeed a gadget by Oakland, Calif.-based company ...
Madhusmita Bora
Madhusmita Bora Filed under: Technology

Follow Santa on Google maps

You have heard how fast Santa Claus has to travel to visit the homes of all good boys and girls of this world. Well, today, you may follow him around on Google Maps. Northern American Aerospace ...
Megan Angelo
Megan Angelo Filed under: Travel

Airlines bring back perks -- for their richest fliers

The New York Times reports that while even complimentary mini bags of pretzels inch closer to extinction, airlines are dreaming up new elite categories for frequent fliers -- complete with perks and ...
Andrea Chalupa
Andrea Chalupa Filed under: Food, Video

Jonathan Safran Foer on eating animals and a cheeseburger on 4th of July

If you're in the market for New Years resolutions, here's one: cut back on eating meat. Ninety-nine percent of the meat we eat comes from factory farms. Industrial livestock production is worse for ...

Banking Tools

Use these bank account calculators and tools to help you make the smartest bank account moves.

    Headlines from WalletPop Partners