Coming Soon: $100 Lending Club Giveaway
March 5, 2009 by Miranda Marquit
Filed under Finance
I just received an interesting proposal: Try out Lending Club and get $100 for one of my readers! The only condition is that I try that site out (they’ll give me $50 to put in my account), and the write about my experience.
I’ve toyed with the idea of microfinance through such organizations as Kiva.org. Now that I’ve connected with Lending Club, I’m excited to be entering the world of P2P lending, and sharing my thoughts.
I don’t have all the details worked out, but when I do, I will post contest rules. Stay tuned, you may be the one to get $100 for use in a Lending Club account.
image source: Lending Club Web site
My philosophy is you are better off in getting a sure return by paying down your own debt before you put your capital at risk like this. Delever your personal balance sheet, and when you are debt free you can consider doing something like this. However, you need to go into with your eyes open and be willing to lose your entire investment in the worst case.
That’s any investment. You stand the chance of losing your capital — and more.