Comments on: Free Money from Lending Club – $25 Signup Bonus

By: skep

skep — Fri, 22 May 2009 16:01:26 +0000

I signed up. Got my $25 and invested it in a loan. Then I found out my state wasn’t one of the ones eligible.. Now just wondering what will happen to the $25. It looks like everything is fine.. shows my investment and the accumulating interest and everything.

By: unimax

unimax — Fri, 27 Mar 2009 21:32:02 +0000

Not for people in texas .

By: Nickel

Nickel — Fri, 27 Mar 2009 14:08:49 +0000

Yes, I think that they may have gone into a “quiet period” while they filed paperwork with the SEC. I believe that Prosper is going through something similar right now.

By: Jacqui

Jacqui — Fri, 27 Mar 2009 00:43:18 +0000

It did shut down. But they reopened with a new note resale section.

And you can definitely take the money even if you don’t meet the lender qualifications. Those don’t apply to the resale notes section (anyone can buy there). Therefore, Lending Club won’t restrict you from taking the money (presumably in hopes you’ll use it buy resale notes).

By: Mark

Mark — Thu, 26 Mar 2009 23:10:57 +0000

I am not up to date but didn’t the Lending Club have to pause their program to file paperwork with the SEC?

By: Nickel

Nickel — Thu, 26 Mar 2009 19:52:39 +0000

Heather: I believe so. Can’t hurt to try.

By: Heather

Heather — Thu, 26 Mar 2009 19:49:30 +0000

In the FAQ it says you must make 70k a year to be a lender. Can those of us who don’t make 70k a year still get the sign-up bonus?

By: Ann

Ann — Thu, 26 Mar 2009 16:46:58 +0000

I signed up through the referral and did not realize until afterwards (as I was reading the FAQS) that some people cannot invest because of state residency. Unfortunately, the state where I reside is one of those.

By: Jacqui

Jacqui — Thu, 26 Mar 2009 13:19:47 +0000

You can too withdraw – or you can go ahead and invest it on Lending Club. You just have to set up your bank account so there’s somewhere to withdraw to.

I signed up on a $25 dollar bonus freebie like this a month or two ago. I opted to invest the free money. Now I have my own referral link – and it pays out $50 to the new user. I posted it on my blog when I got it and it still works. I’d be happy to share the link here but I don’t think Nickel would appreciate it.

I wonder why some people get $50 referrals when others only get $25?

By: Nate @ Debt-free Scholar

Nate @ Debt-free Scholar — Thu, 26 Mar 2009 13:10:21 +0000

You can even withdraw the money! I wonder how many people will?

Thanks,
Nate