Made my third Lending Club peer-to-peer loan investment
I made my third investment in a peer-to-peer loan ("note") through Lending Club. This note was for a student for educational expenses. The loan is for $4,000. My investment is for $25 of that note. The interest rate is 15.37%. The term of the note is 3 years. The loan grade is D5, which is a lot riskier. The borrower's credit score is in the 660-678 range.
For my next loan... Maybe I'll fund some home improvement.
Read about my second investment loan.