*Update 1-14-2010* This offer was changed from a $64.62 bonus to a $40 bonus.
Opportunity for Free Dough
If someone wanted to give you a $40 bill – would you take it? If yes then today is your lucky day!
I recently received $50 to sign up as an investor with Lending Club and am glad to be offering DFA readers a similar opportunity… their current offer is an investor bonus of $40.
My Experience with Lending Club
You may remember that I am already involved with Lending Club as a borrower – read my Lending Club review for more details. Because I have already been doing business with them – and been very happy – when they offered me free dough to get started as an investor – it was a no-brainer.
Just like as my borrowing experience was painless, investing with Lending Club is very simple, offers proven returns, and puts the interest normally earned by banks into our hands! That is what social lending is… people loaning other people money – Lending Club is just a clearing house of sorts. They are very confident in their system, and are looking to prove their worth… no strings attached.
Normally I would not invest while still in debt, but since they gave me $50 to get started I will just using the free money to get my feet wet and start building an account with high returns.
Benefits to investing through Lending Club:
- They are giving you $40 to get started – no strings attached.
- They have averaged returns of 9.76% over the last 2.5 years, despite the troubled economy.
- They offer individuals the unique opportunity to lend and borrow from each other, eliminating the need for a bank.
When I come across an opportunity to pass on free money to you… I am going to do so.
I have no qualms endorsing Lending Club as a solid company to do business with. As I mentioned earlier, I have experience dealing with them as both a borrower and now an investor.
Read my Lending Club Review for more information, a detailed view of my experience with the company, and an endorsement from several other happy investors.
Apparently there is no minimum amount you need to open an account with… you simply have to open the Lending Club account and link your bank account to it – then the $40 will be triggered to go into your LC account.
“The special referral bonus program begins December 3, 2009. Referrals must be made from using the “Sign Up Now” button to qualify for the $40 bonus. The referral must complete registration as a Lending Club investor and link a bank account in order to receive the bonus funds. Bonus funds may not be withdrawn and must be invested in Lending Club notes. Funds received may be taxable, please consult with your tax adviser. Recipient is responsible for all taxes, if any, due.”
Disclosure: Though I stand behind my recommendation of Lending Club, I do receive a stipend for new customers they secure through my endorsement.