http://blog.lendingclub.com/2007/05/29/lending-club-borrowers-and-lenders-can-work-in-harmony/ The Official Lending Club blog Sun, 29 Jan 2012 13:31:47 +0000 hourly 1 http://blog.lendingclub.com/2007/05/29/lending-club-borrowers-and-lenders-can-work-in-harmony/#comment-57 Alex Wed, 30 May 2007 22:15:33 +0000 http://blog.lendingclub.com/2007/05/29/lending-club-borrowers-and-lenders-can-work-in-harmony/#comment-57 Thanks! That clarifies things a lot. I can't wait to get started! Thanks! That clarifies things a lot. I can't wait to get started!

]]> http://blog.lendingclub.com/2007/05/29/lending-club-borrowers-and-lenders-can-work-in-harmony/#comment-56 John Wed, 30 May 2007 14:39:55 +0000 http://blog.lendingclub.com/2007/05/29/lending-club-borrowers-and-lenders-can-work-in-harmony/#comment-56 Alex, Thanks for your support. By the way, while the minimum to have a diversified portfolio is $1,000, you can lend in increments as small as $25. So, you could transfer as little as $25 into your Lending Club account and loan that to one person. See the FAQ https://secure.lendingclub.com/info/faq.action#l5 for more information. Regarding auto-funding loans, that is on our development schedule and will be released soon. Thanks, <a href= "http://www.facebook.com/profile.php?id=557287311">John</a> Alex, Thanks for your support. By the way, while the minimum to
have a diversified portfolio is $1,000, you can lend in increments
as small as $25. So, you could transfer as little as $25 into your
Lending Club account and loan that to one person. See the FAQ
https://secure.lendingclub.com/info/faq.action#l5 for more
information. Regarding auto-funding loans, that is on our
development schedule and will be released soon. Thanks, "http://www.facebook.com/profile.php?id=557287311">John

]]> http://blog.lendingclub.com/2007/05/29/lending-club-borrowers-and-lenders-can-work-in-harmony/#comment-55 Alex Wed, 30 May 2007 11:28:59 +0000 http://blog.lendingclub.com/2007/05/29/lending-club-borrowers-and-lenders-can-work-in-harmony/#comment-55 I'm excited about your new service and I've just created an account to lend money. I've noticed that I'm required to lend at least $1,000. As I begin to receive payments on those loans, will it be possible to immediately loan out those payments? I.e. if I loan $1000 in June receive $100 back in July, plus $10 interest, can I then loan those $110 or will I once again be told that there is a $1000 minimum and be forced to either wait or transfer more money before being able to loan again? As you can imagine, being able to immediately re-loan payments (well, after the time to select loans and wait for them to close) could increase my profits and make Lending Club much more attractive. I'm excited about your new service and I've just created an account
to lend money. I've noticed that I'm required to lend at least
$1,000. As I begin to receive payments on those loans, will it be
possible to immediately loan out those payments? I.e. if I loan
$1000 in June receive $100 back in July, plus $10 interest, can I
then loan those $110 or will I once again be told that there is a
$1000 minimum and be forced to either wait or transfer more money
before being able to loan again? As you can imagine, being able to
immediately re-loan payments (well, after the time to select loans
and wait for them to close) could increase my profits and make
Lending Club much more attractive.

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