Wednesday, February 17, 2010

Latest Lending Club loan payments completed in four business days

Just to confirm  something I said in my previous blog post on how long it takes for borrower payments on Lending Club loans to be credited to the investor's Lending Club account, I just checked again and my most recent two payments have completely posted as "Completed" sometime this afternoon or earlier this evening, exactly four business days after the payments were due from the borrowers -- due on the 10th, completed on the 17th, with an intervening weekend and a holiday.

My Net Annualized Return inched up to 14.49%.

-- Jack Krupansky

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