Lending Club $100 Giveaway

Written by Nickel - 81 Comments

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The good folks at Lending Club have offered to underwrite a $100 giveaway here on FCN. I’ll start by sharing the details of the giveaway. You can then read on for details about Lending Club.

In order to enter the contest, you must do the following:

  • Join Lending Club as a lender (it’s free!)
  • Leave a comment on this post (be sure to use a valid e-mail address)

Note: You need to go through all steps of the signup process such that you have a fully functional account from which you can lend or withdraw your winnings. Don’t worry, it only took me a few minutes when I did it.

That’s it. The reason that you need to register at Lending Club as a lender is that they will deposit the money directly into the winner’s account. You will then be free to either invest (i.e., lend) the prize money or withdraw it. That’s entirely up to you.

And now for the fine print… All entries must be received by 9PM on Friday, February 20th. I will then randomly select a winner, contact them via e-mail to get their Lending Club username, and pass that info along to Lending Club such that they can deposit the prize money in the winner’s account. As always, this offer is void where prohibited.

So… What are you waiting for?

Who is Lending Club?

In case you’re not familiar with them, Lending Club is a peer-to-peer lending operation that helps match people who need to borrow money with those that have money to lend. Here’s a brief description straight from the horse’s mouth:

Lending Club is a social lending network. Borrowers with good credit can get personal loans at interest rates they find more attractive than those available from conventional funding sources such as banks and credit cards, taking advantage of a streamlined process between the source of funds (lenders) and the borrowers who need those funds. Lenders get an opportunity to fund specific borrowers by investing in Notes we issue that correspond to specific borrower loans. The stated interest rates on Notes range from 6.69% to 19.37% (after deduction of our 1.00% service charge).

I’ve actually opened an account with them myself, but haven’t had a chance to make any loans yet. I plan on doing so, and hope to write a review about my experience sometime soon. Keep an eye out.

Published on February 5th, 2009 - 81 Comments
Filed under: Giveaways
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

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Comments (scroll down to add your own):

  1. Its all about me!

    Comment by Matt — Feb 5th 2009 @ 4:31 pm

  2. I signed up. For anyone concerned, sign-up is simple and easy and only asks for your email, desired username, your choice of security question, and password. Make sure to click the confirmation email after sign-up to complete your registration (which came almost immediately). They don’t ask for any financial/personal information at all.

    That’s a great site, thank you for posting about it.

    Note from nickel: You actually have to fully activate your account (by linking your bank account, etc). The reason for this is that you need a fully active account into which they will deposit the prize money (and so you can either lend or withdraw your winnings).

    Comment by Michelle — Feb 5th 2009 @ 4:52 pm

  3. Sounds great, I never heard of them before. Thanks for the tip.

    Comment by Joe — Feb 5th 2009 @ 5:03 pm

  4. wow, what a cool idea for a contest!

    Comment by Eric — Feb 5th 2009 @ 5:27 pm

  5. Thanks FCN, I’m excited to spread the love with Lending Club!

    Comment by Mark — Feb 5th 2009 @ 6:05 pm

  6. I live right down the street from the Lending Club office but never knew it.

    Comment by chris — Feb 5th 2009 @ 6:07 pm

  7. Yes! I like this concept. I’m going to try it out.

    Comment by Herbert — Feb 5th 2009 @ 6:16 pm

  8. in!

    Comment by tmg — Feb 5th 2009 @ 6:20 pm

  9. I’m in!

    Comment by Susan — Feb 5th 2009 @ 6:51 pm

  10. Me 2

    Comment by Chetan — Feb 5th 2009 @ 6:54 pm

  11. I have been lending with Lending Club for over a year and am happy with it. I’d love to have an extra $100 to lend, so count me in too.

    BTW, It is not quite clear from the rules if it must be a new account or not. It just says that you have to have a Lending Club account.

    If you do sign up, I have some advice for new lenders on my site.

    Note from nickel: Existing customers can play, too. :)

    Comment by Brett @ PLP — Feb 5th 2009 @ 7:02 pm

  12. I’ve signed up! This is a great site.

    Comment by Lanie — Feb 5th 2009 @ 8:39 pm

  13. I’ll give it a shot… Thanks!

    Comment by Morp — Feb 5th 2009 @ 8:50 pm

  14. I’ve signed up and my fingers are crossed! ;)

    Comment by Keith@DebtHacker — Feb 5th 2009 @ 9:21 pm

  15. I love a good freebie!

    Comment by Matt — Feb 5th 2009 @ 9:26 pm

  16. throw me in.

    Comment by ryan — Feb 5th 2009 @ 9:33 pm

  17. Oh, oh, ME, ME… Been with LC for over a year, love it! Earned a yield of around 9.5% last year after fees, so they definitely rock the socks off the stocks!

    -Jeff

    Comment by Jeff — Feb 5th 2009 @ 9:34 pm

  18. Yes please, I’d like to win!

    Comment by EL — Feb 5th 2009 @ 10:26 pm

  19. Thanks! Signed up. Love your site.

    Comment by Joyjoy — Feb 5th 2009 @ 10:59 pm

  20. Count me in.

    Comment by SuburbanDollar — Feb 5th 2009 @ 11:22 pm

  21. Signed up. Tried to lend but its not available in my State yet. Interesting concept to say the least.

    Comment by James — Feb 5th 2009 @ 11:29 pm

  22. I would like a hundred smackers please…

    Comment by Ben — Feb 6th 2009 @ 12:02 am

  23. Love fun things like this! Your site always has something interesting!

    Comment by JBP — Feb 6th 2009 @ 12:05 am

  24. yes please

    Comment by thomas — Feb 6th 2009 @ 12:20 am

  25. Thanks, Nickel! This is new to me. I’m very interested.

    Comment by Kim — Feb 6th 2009 @ 12:28 am

  26. If it doesn’t need to be a new account, count me in! :)

    Comment by her every cent counts — Feb 6th 2009 @ 12:46 am

  27. Five tries at FMF proved futile – maybe nickel will be luckier…

    no whammy, no whammy…..STOP!

    Comment by Ryan — Feb 6th 2009 @ 7:11 am

  28. Count me in. I’m not too happy with the 2.25% interest rate I’m currently getting at ING Direct for my long-term savings. Time to try something new!

    Comment by Rhiannon — Feb 6th 2009 @ 8:51 am

  29. Please sign me up. :)

    Comment by Jessica W — Feb 6th 2009 @ 9:00 am

  30. I’m in for $100 for free. :)

    Comment by Jason — Feb 6th 2009 @ 9:36 am

  31. Hope I win!

    Comment by Jon — Feb 6th 2009 @ 10:17 am

  32. Already a member – sign me up!

    Comment by Jill — Feb 6th 2009 @ 10:36 am

  33. I signed up. Thanks for the blog

    Comment by Jumbo — Feb 6th 2009 @ 11:03 am

  34. pick me :)

    Comment by Mark — Feb 6th 2009 @ 11:35 am

  35. I love these giveaways. :)

    Comment by Eric — Feb 6th 2009 @ 12:06 pm

  36. Add me too!

    Comment by Janice — Feb 6th 2009 @ 1:48 pm

  37. sign me up!

    Comment by jake — Feb 6th 2009 @ 2:13 pm

  38. What a great way to steal business from Prosper while they are closed to new investors.

    Comment by Ray — Feb 6th 2009 @ 2:17 pm

  39. I got registered.

    Comment by Doug — Feb 6th 2009 @ 3:15 pm

  40. I’d like to join LendingClub but can’t get past their home page. All links, incluidng the one here for the bonus are busted. All I get is “Internet Explorer can’t display this webpage”. What’s up? Is lendingClub off line?

    Comment by Ted — Feb 6th 2009 @ 3:16 pm

  41. I’m all signed up! I signed up for an account awhile ago, but never went through the whole process. It’s done now though.

    Comment by Jennifer — Feb 6th 2009 @ 5:29 pm

  42. Excellent giveaway, Nickel. :)

    I saw Jim’s yesterday and linked to it, but am a day behind in my reader. I’ll add your giveaway to the article as well. :)

    Comment by Patrick — Feb 6th 2009 @ 9:00 pm

  43. Woohoo. Thanks nickel!

    Comment by Eric — Feb 6th 2009 @ 11:48 pm

  44. I’m in

    Comment by Perry — Feb 7th 2009 @ 12:13 am

  45. I have a Prosper account, but now that they’re apparently down for the count, it would be great to start an account with Lending Club.

    Comment by Tyler — Feb 7th 2009 @ 11:03 am

  46. i always love a free $100

    Comment by Start-Up — Feb 7th 2009 @ 12:42 pm

  47. @Michelle I guess the Note from Nickel has already corrected you, but just to reiterate, your comment, “They don’t ask for any financial/personal information at all” is blatant misinformation. In addition to linking to your bank account, you also have to provide your SSN.

    Comment by mas2124 — Feb 7th 2009 @ 2:20 pm

  48. I’m in too!

    Comment by Darrin — Feb 7th 2009 @ 2:59 pm

  49. I’m already a lender at Lending Club, thanks!

    Comment by Cheryl — Feb 8th 2009 @ 7:25 am

  50. I am in! Thank you for the opportunity.

    Comment by mas2124 — Feb 8th 2009 @ 2:41 pm

  51. count me in!

    Comment by skylog — Feb 8th 2009 @ 7:51 pm

  52. Funny, I could have sworn that I’d already entered!

    Comment by Revanche — Feb 9th 2009 @ 12:28 pm

  53. I’m signed up for lending club, I would love an extra $100 to invest!

    Comment by George — Feb 10th 2009 @ 12:27 pm

  54. thanks!

    Comment by alisa — Feb 11th 2009 @ 11:36 pm

  55. Thanks! Couldn’t get any easier!

    Comment by Carrie — Feb 13th 2009 @ 11:54 am

  56. Count me in! Thanks

    Comment by David — Feb 13th 2009 @ 11:55 am

  57. I am a lender. Lets make some cash!

    Comment by Adam — Feb 13th 2009 @ 12:30 pm

  58. I just signed up.

    Comment by Chris — Feb 18th 2009 @ 3:30 pm

  59. Hey here’s my comment to enter the Giveaway. So weird that I stumbled on here about two weeks after signing up with Lending Club not even knowing the full story on the site. I added a little cash to get the ball rolling and see what happened.

    Comment by Keith — Feb 18th 2009 @ 8:01 pm

  60. That would be GREAT! I’m in.

    Love the site by the way.

    Thanks!
    Caleb

    Comment by Caleb Carr — Feb 18th 2009 @ 8:40 pm

  61. I’m in!

    Thanks!

    Comment by Brian — Feb 19th 2009 @ 12:24 pm

  62. I signed up.

    Comment by Lysle — Feb 19th 2009 @ 12:28 pm

  63. New ways of invest money, love it…….

    Comment by jason yuen — Feb 19th 2009 @ 1:01 pm

  64. I signed up and am giving them a try. Thanks!

    Comment by Caro — Feb 19th 2009 @ 1:18 pm

  65. I signed up. Count me in

    Comment by Sam — Feb 19th 2009 @ 1:22 pm

  66. Sign me up! $100 would be nice to lend. I’ll report back to you how it works out for me.

    Thanks, keep up the good work

    Comment by Corey — Feb 19th 2009 @ 2:35 pm

  67. I’m in!

    Thanks!!!

    Comment by Tom — Feb 19th 2009 @ 3:02 pm

  68. $100 of free Lending Club moola. I definitely am in!

    Comment by Felix @ Common Sense Parenting — Feb 19th 2009 @ 3:19 pm

  69. Oh pick me! Pick me!

    Comment by Jed — Feb 19th 2009 @ 4:16 pm

  70. I’m in – Thanks.

    Comment by Atangen — Feb 19th 2009 @ 4:34 pm

  71. I think 71 is a lucky number

    Let’s hope so

    Comment by Greg — Feb 19th 2009 @ 5:24 pm

  72. Signed up last week, count me in!

    Comment by Pawan — Feb 19th 2009 @ 7:57 pm

  73. Signed up last week and confirmed as well! Already made a loan as well. Count me in! Thanks

    Comment by Doug — Feb 19th 2009 @ 8:42 pm

  74. Thank-you.

    Comment by Jovan — Feb 19th 2009 @ 10:13 pm

  75. SHOW ME THE MONEY!!!! =D Thanks for having this contest.

    Comment by David — Feb 19th 2009 @ 10:52 pm

  76. I signed up.

    Comment by Jon — Feb 20th 2009 @ 8:49 am

  77. Sounds like an interesting concept. I commented today to a friend…”We’re still depositing into our 401K – it’s like a voluntary pay cut every pay period as we watch it evaporate with the down market”!

    Thanks for the info – I’m in.

    Comment by Leh — Feb 20th 2009 @ 11:06 am

  78. Be Cautious of LendingClub!

    LendingClub has not responded to a single email I’ve sent them and their link to complaint about SCAM borrowers is still not working.

    They also don’t take or return phone calls.

    So if you run into problem with LendingClub, you’ll get no help and no response. Proceed with extreme caution with this one.

    The site also will not accept borrowers with fraud alert protection. You have to deactivate fraud alert protection to borrow money.

    Comment by BuffetFan — Feb 20th 2009 @ 11:14 am

  79. Thanks, i’m in.

    Comment by Keatsol — Feb 20th 2009 @ 12:45 pm

  80. I signed up! Thanks.

    Comment by Valeria — Feb 20th 2009 @ 5:46 pm

  81. I’m signed up.

    Comment by Emily N — Feb 20th 2009 @ 8:53 pm

Sorry, the comment form is closed at this time.

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