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Lending Club Now Available to Borrowers in North Carolina and Kansas

Written by Nickel - 3 Comments

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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.”

Published on November 4th, 2010 - 3 Comments
Filed under: Debt Reduction

About the author: 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!

Comments (scroll down to add your own):

  1. 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?

    Comment by Anonymous — Nov 4th 2010 @ 1:37 pm
  2. 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.

    Comment by Anonymous — Nov 4th 2010 @ 2:31 pm
  3. There are 2 separate lists………one where you can invest with LC & one where you can borrow from LC.

    Comment by Anonymous — Nov 4th 2010 @ 6:07 pm

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