Lending Club Now Available to Borrowers in North Carolina and Kansas
If you live in Kansas or North Carolina and want to take out a person-to-person (P2P) loan, then you’re in luck… Residents of both states are now eligible to borrow via Lending Club.
That brings to the number of states eligible for borrowing through Lending Club to 42. Only Idaho, North Dakota, Nebraska, Iowa, Illinois, Tennessee, Mississippi, and Maine residents are unable to borrow using the Lending Club platform.
While I’ve only been an investor with Lending Club, and have never borrowed, former FCN staff writer Matt Jabs used them to consolidate his high interest credit card debt and had a great experience.
I actually invested in Matt’s loan to the tune of $500 and earned a nice 9.32% return until he paid it off early. While writing this post, I shot Matt a quick IM to ask if he’d use Lending Club if he had to do it over.
Here’s his response:
“In hindsight, borrowing from Lending Club turned out to be the best decision we could have made. If I had to do it over again, I wouldn’t hesitate to borrow through them.”
Disclaimer: Discover is a paid advertiser of this site.
Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.
Modified on June 28th, 2011 - 3 Comments
Filed under: Debt Reduction
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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November 4th, 2010 at 1:37 pm
I was under the impression that Maine was okbut not Maryland or dc. I just looked it up on their site, is it possible we’re looking at different sources?
November 4th, 2010 at 2:31 pm
I live in MD as well and was unable to sign up for lending. This was about 3 weeks ago when I started reading your blog that I tried to do it. I haven’t been notified since that it is open, which I also was under the impression they would email if it became available.
November 4th, 2010 at 6:07 pm
There are 2 separate lists………one where you can invest with LC & one where you can borrow from LC.