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This post is just a quick note to let everyone know about an exciting $2,500 opportunity brewing over at Lending Club.

$2,500 Giveaway Details

Could you use an extra $2,500? I’m sure we all could!

The giveaway is simple:

Sign up to invest through Lending Club to be eligible to win.
“During September one lucky winner will become Lending Club’s 25,000th registered investor. To celebrate this milestone, the 25,000th registered investor will receive $2,500 cash!”

Simply put… this is just a easy way to get a chance at a decent amount of money. And the cool part is that investing through Lending Club is a very wise decision.

(at the time of writing) Lending Club notes average 9.64% net annualized returns, and are offered by prospectus filed with the SEC.

My History with Lending Club

As you may know, I have been a big fan of Lending Club for two main reasons:

I was able to consolidate my high interest debt through Lending Club and save over $500 in the process. Another cool aspect of this, beyond saving money, is that I am paying my interest to individuals — several of which I know personally — as opposed to corporate banker fat cats.
Investing through Lending Club is currently one of your best options for a positive return on your money. Although I have yet to invest personally, my review of Lending Club also contains four investor testimonials… all of whom have nothing but positive things to say about their Lending Club investing experience.

As soon as I pay off my high interest debt, I will be jumping on the Lending Club bandwagon and will invest liberally. I have not done so yet because it just doesn’t make any sense to invest when I am still repaying high interest debt!

Receive a free $50 bonus when you sign up to invest through Lending Club before 8/15/2009. Once you sign up you can also offer the same $50 bonus to others you know!

As you may remember, I recently secured a loan to consolidate our high interest debt through Lending Club and to-date, have been extremely satisfied with the entire process. I am in line to save over $500 in interest and am happy to be paying that interest to other individual investors as opposed to large corporate banks!

I wanted to publish this post simply to offer everyone the opportunity to secure this free $50 bonus. All you need to do to claim the bonus is sign up as a Lending Club investor being careful to use the referral code “mattjabs” (without quotes of course.)

Although I am borrowing from Lending Club I also have an investor account through them that I am eager to start using.

Why Invest through Lending Club?

Here are several benefits you stand to realize by investing through Lending Club:

You can earn better returns – Lending Club investors have earned an average net annualized return of over 9% since June 2007.
It’s easy – You do not need to be a professional day-trader to invest through Lending Club… they make the process of building a balanced risk portfolio very simple and straightforward.
They are selective – Lending Club only offers loans to people who have credit scores of 660 or higher essentially locking in only the creditworthy candidates for you.

What’s in it for me?

Nothing. I do not receive any bonus if you sign up, I simply wanted to offer this exciting opportunity to put a free $50 in your pocket and hopefully get you started on a path of high interest investing!

That said, I do get a commission if you sign up to borrow money through Lending Club. And I do not hesitate to recommend Lending Club as a lender since I have had a very positive experience myself, and have been able to save a lot of money doing so.

Whatever you decide to do, at least make sure you sign up as an investor (using referral code “mattjabs”) before 8/15/2009 to claim the free $50 bonus! Think about it… if you were walking down the sidewalk and saw a $50 bill lying on the ground… wouldn’t you pick it up?

Receive a free $50 bonus when you sign up to invest through Lending Club before 8/15/2009. Once you sign up you can also offer the same $50 bonus to others you know!

DFA is passionately dedicated to helping people break the bondage of debt & work toward financial freedom using biblical principles.