Keyword Analysis & Research: lending club

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Frequently Asked Questions

Is Lending Club a good investment?

Lending Club is a good way to diversify your investments. Wide selection: With Lending Club, you can easily filter and choose investments on the basis of categories such as loan type, credit score, purpose of loan, etc.

Is Lending Club a legitimate lending company?

Lending Club is a legitimate business that offers investors a chance to make loans to borrowers and earn higher interest rates than those offered by banks, savings and loans, and credit unions.

What bank does Lending Club use?

Lending Club also makes traditional direct to consumer loans, including automobile refinance transactions, through WebBank, an FDIC-insured, state-chartered industrial bank that is headquartered in Salt Lake City Utah.

How do you invest in Lending Club?

You can fund your account either via an electronic transfer from your bank or by mailing a check. Note that Lending Club requires a minimum of $1,000 to start investing in a taxable account and a minimum of $5,500 to open an IRA. Once set up, Lending Club requires you to invest at least $25 per note.


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