Lending Club $100 Giveaway
Tip It!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
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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81 Responses to “Lending Club $100 Giveaway”
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February 5th, 2009 at 4:31 pm
Its all about me!
February 5th, 2009 at 4:52 pm
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).
February 5th, 2009 at 5:03 pm
Sounds great, I never heard of them before. Thanks for the tip.
February 5th, 2009 at 5:27 pm
wow, what a cool idea for a contest!
February 5th, 2009 at 6:05 pm
Thanks FCN, I’m excited to spread the love with Lending Club!
February 5th, 2009 at 6:07 pm
I live right down the street from the Lending Club office but never knew it.
February 5th, 2009 at 6:16 pm
Yes! I like this concept. I’m going to try it out.
February 5th, 2009 at 6:20 pm
in!
February 5th, 2009 at 6:51 pm
I’m in!
February 5th, 2009 at 6:54 pm
Me 2
February 5th, 2009 at 7:02 pm
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.
February 5th, 2009 at 8:39 pm
I’ve signed up! This is a great site.
February 5th, 2009 at 8:50 pm
I’ll give it a shot… Thanks!
February 5th, 2009 at 9:21 pm
I’ve signed up and my fingers are crossed!
February 5th, 2009 at 9:26 pm
I love a good freebie!
February 5th, 2009 at 9:33 pm
throw me in.
February 5th, 2009 at 9:34 pm
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
February 5th, 2009 at 10:26 pm
Yes please, I’d like to win!
February 5th, 2009 at 10:59 pm
Thanks! Signed up. Love your site.
February 5th, 2009 at 11:22 pm
Count me in.
February 5th, 2009 at 11:29 pm
Signed up. Tried to lend but its not available in my State yet. Interesting concept to say the least.
February 6th, 2009 at 12:02 am
I would like a hundred smackers please…
February 6th, 2009 at 12:05 am
Love fun things like this! Your site always has something interesting!
February 6th, 2009 at 12:20 am
yes please
February 6th, 2009 at 12:28 am
Thanks, Nickel! This is new to me. I’m very interested.
February 6th, 2009 at 12:46 am
If it doesn’t need to be a new account, count me in!
February 6th, 2009 at 7:11 am
Five tries at FMF proved futile – maybe nickel will be luckier…
no whammy, no whammy…..STOP!
February 6th, 2009 at 8:51 am
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!
February 6th, 2009 at 9:00 am
Please sign me up.
February 6th, 2009 at 9:36 am
I’m in for $100 for free.
February 6th, 2009 at 10:17 am
Hope I win!
February 6th, 2009 at 10:36 am
Already a member – sign me up!
February 6th, 2009 at 11:03 am
I signed up. Thanks for the blog
February 6th, 2009 at 11:35 am
pick me
February 6th, 2009 at 12:06 pm
I love these giveaways.
February 6th, 2009 at 1:48 pm
Add me too!
February 6th, 2009 at 2:13 pm
sign me up!
February 6th, 2009 at 2:17 pm
What a great way to steal business from Prosper while they are closed to new investors.
February 6th, 2009 at 3:15 pm
I got registered.
February 6th, 2009 at 3:16 pm
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?
February 6th, 2009 at 5:29 pm
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.
February 6th, 2009 at 9:00 pm
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.
February 6th, 2009 at 11:48 pm
Woohoo. Thanks nickel!
February 7th, 2009 at 12:13 am
I’m in
February 7th, 2009 at 11:03 am
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.
February 7th, 2009 at 12:42 pm
i always love a free $100
February 7th, 2009 at 2:20 pm
@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.
February 7th, 2009 at 2:59 pm
I’m in too!
February 8th, 2009 at 7:25 am
I’m already a lender at Lending Club, thanks!
February 8th, 2009 at 2:41 pm
I am in! Thank you for the opportunity.