Archive

for October, 2009



Posted by Rob Garcia, Oct 30

In celebration of our recent release of Lending Club’s new investor tools, we are hosting our second twitter contest! …and this time, it is Lending Club t-shirt galore:  1 of every 10 entries will win a nifty Lending Club t-shirt + $50 new investor account bonus.  It’s that easy.

From Monday, November 2 through Sunday, November 15, 2009, we will give away 1 Lending Club t-shirt for every 10 entries each day.  Each winner also gets a $50 new investor account bonus while all participants get a $25 new investor account bonus.

What's an entry? Well, very simple:
Just Follow @LendingClub and tweet about this contest.
Tweet this
: RT @LendingClub Twitter Contest: 2 Weeks of Blissful Giveaways! Follow @LendingClub + RT 2 win DETAILS: http://ow.ly/ySq4

For an extra entry!
Every day at 8am PT (11am ET), @LendingClub will tweet about a loan being funded by the community on our site.  Search for the loan here and simply tweet a link to it for an extra chance to win.

For example:
We tweet:
"Find a loan from someone in CT, who wants to repair house before winter"
You tweet:
“Check out this loan @LendingClub: Doing repairs to house before winter http://bit.ly/20qHHR"

This means 1 in 5 chances to get your t-shirt + $50! And everyone wins: our borrowers get their loans tweet'd and you will likely get a t-shirt for it.

We will take entries from 8am PT to 7:50am PT the next day, and will announce the winner at 7:55am PT (10am ET) the following day.

Happy tweeting!
@RobGarciaSJ
Follow me

Account bonus do not apply to existing accounts and cannot be combined with other offers.

-o-o-o-o-o-o-o-o-

11/2 Tweet> Find&Tweet loan from borrower in Orlando, FL who wants to pay off BofA loan
WINNER(s): @silvermill @coffeehouserdr @dangnat

11/3 Tweet> Find&Tweet loan from borrower in Seattle, WA works at MSFT and wants to pay off tax bill
WINNER(s): @eYeks @Twincere @twaffiti

11/4 Tweet> Find&Tweet loan from borrower in Porstmouth, VA who wants to adopt Ethiopian boy
WINNER(s): @JRMoreau @WiseAcresWinery @3princessesmomm @SuburbanDollar

11/5 Tweet> Find&Tweet loan from borrower in Rancho Cucamonga, CA to open new fragrance store
WINNER(s): @MityDad @thelittlevc @ownthedollar @JulieSof @caffeinehusky

11/6 Tweet> Find&Tweet loan from professor at top US university in Sacramento, CA to get out of debt faster
WINNER(s): @lifeonprint @hikade @jbafaith @gpcdon @HokiePerogi @socialloans @jwier92

11/7 Tweet> Find&Tweet loan from borrower in Seattle, WA to build and launch one-of-a-kind fantasy sports website
WINNER(s): @starwannab @StuffSmart @512kidz @deliverawaydebt

11/8 Tweet> Find&Tweet loan from borrower in Virginia Beach, VA to make home energy efficient
WINNER(s): @mbcrowley @simply_unique79 @BookWyvern @LoveFromAbove08

11/9 Tweet> Find&Tweet loan from borrower in MANAHAWKIN, NJ who works for Dept of Homeland Security
WINNER(s): @TMikazuki @MissingLynxx @kennethlin @taysmommy

11/10 Tweet> Find & Tweet loan from borrower in Allentown, PA who broke leg, paid 3 months of rehab on credit card
WINNER(s): @lambchop1965 @ryanrousseau @benlascelle @mjjacobs2 @cgracia101

11/11 Tweet> Find & Tweet loan from borrower in Normal, IL to pay for daughter's wedding
WINNER(s): @steve_3664_AZ @smokey_frankie @CarmaSez @SereneMoments

11/12 Tweet> Pls nominate us for a 2009 Crunchie: http://bit.ly/YADnc Follow @LendingClub + RT 2 win: http://ow.ly/BAnj
WINNER(s): In progress...

11/13 Tweet>
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11/14 Tweet>
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11/15 Tweet>
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Posted by Sam Kasle, Oct 30

Yesterday, over 150 participants took part in our “Higher Returns Through Diversification” webcast. Scott Langmack, the featured speaker, discussed his personal investment strategy in Lending Club Notes that, according to Scott, has allowed him to average an annualized return of 12.5% on his aggregate portfolio since 2008.

During the presentation and Q&A session, Scott shared his research, investment insights, and his “4 Keys to Maximizing Returns.”

If you missed the webinar, check out the replay here >>.

Enjoy!

 

Lending Club Notes are offered by a prospectus filed with the SEC.

The views and plans expressed by Mr. Langmack are his own and are not endorsed or adopted by Lending Club.

Returns are based upon a variety of factors including, amount invested, diversification, FICO score and other factors that could affect returns. Your returns may vary. You should review the risks and uncertainties described in the prospectus related to your possible investment in the notes.


Posted by Rob Garcia, Oct 29

Lending Club continues to be a leading financial innovator.

This time, we are pleased to present a completely new investor experience, giving you the tools that make it fast and easy for you to create diversified portfolios of Notes.   You can now create an investment order in seconds without sacrificing control, in 3 different ways:

1) Follow a predefined investment strategy

Lending Club: Investment Strategies

2) Target a specific interest rate

Lending Club: Invest in Interest Rate

3) Filter, review and select notes individually

Lending Club: Browse Notes

You now have the ability to use more than 25 filters to help you refine your investment strategy.  You can also save these filters, corresponding to your investment strategies, to reuse in the future.

Interested in learning more about these new tools? 
Watch a video overview here>>>

We hope you enjoy using the new tools at Lending Club.  Lending Club notes are offered by prospectus filed with the SEC.   If you have any questions call Investor Services at 1-866-811-9225, or send an email to investing@lendingclub.com.

Enjoy!
Rob

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Posted by Sam Kasle, Oct 28

Veteran Lending Club investor Scott Langmack will explain how proper diversification leads to higher and more stable returns.  Mr. Langmack’s portfolios have realized 12.6% net annualized returns since 2008. 
 
Higher Returns through Diversification with Scott Langmack >> Register Now
Free WebCast and Online Discussion
Thursday, October 29th, 2009
4:00 pm PDT (7:00 pm EDT)
 
Scott along with Patrick Gannon, Lending Club’s SVP of Investor Services, will field your questions after the presentation. Scott Langmack is currently CEO of Blue Chip Expert and author of PeerLendingWealth.com.    
 
While you may have heard that Lending Club notes average 9.66% net annualized returns, you may not know that over a third of our investors have average returns between 12%-18%!  Join Scott Langmack this Thursday to find out how he has beaten the average. 

Lending Club notes are offered by prospectus filed with the SEC.
 
See you there,
Sam


Posted by Sam Kasle, Oct 26

Last week, Patrick Gannon, SVP Investor Services, and I had the great pleasure of unveiling Lending Club’s new Statistics page.   During the presentation we covered topics such as returns by loan grade, returns by amount invested, and defaults by loan type.  After the presentation we opened the floor to questions.

If you missed the webinar check out the replay here >>.

Lending Club’s new statistics page let’s you slice and dice data like never before. You can analyze returns by credit grade, loan amount and purpose across various time periods. For all you datum fans – you can download historical data on declined loans, loans in funding, as well as issued loans.  Lending Club notes are offered by prospectus  filed with the SEC.

Cheers to data!
Sam

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