Comments on Best Practices for New P2P Lending InvestorsTypePad2012-11-12T14:59:19ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2012/11/best-practices-for-new-p2p-lending-investors/comments/atom.xml/Rich@Money Wise Pastor commented on 'Best Practices for New P2P Lending Investors'tag:typepad.com,2003:6a00d83451bcbd69e2017ee5c78539970d2012-11-30T21:09:52Z2012-12-01T14:08:26ZRich@Money Wise Pastorhttp://www.moneywisepastor.comBummer - I didn't know that Michigan residents can't invest directly with P2P lenders like Lending Club. I borrowed money...<p>Bummer - I didn't know that Michigan residents can't invest directly with P2P lenders like Lending Club. </p>
<p>I borrowed money from lending club just over a year ago when I needed a new furnace for my rental house. The process was extremely smooth and easy. My loan was funded within minutes. </p>
<p>I was looking forward to being a Lending Club investor soon but I guess will have to wait on Michigan to change the law.</p>Peter Renton commented on 'Best Practices for New P2P Lending Investors'tag:typepad.com,2003:6a00d83451bcbd69e2017c3419f90e970b2012-11-29T16:27:33Z2012-11-29T19:46:18ZPeter Rentonhttp://www.lendacademy.comAndrew, The loans are typically 3-year or 5-year, and my portfolio is roughly 2/3 3-year and 1/3 5-year. And yes...<p>Andrew, The loans are typically 3-year or 5-year, and my portfolio is roughly 2/3 3-year and 1/3 5-year. And yes there is a secondary market where you can sell loans which allows investors to liquidate loans before the term is done.</p>Andrew commented on 'Best Practices for New P2P Lending Investors'tag:typepad.com,2003:6a00d83451bcbd69e2017ee5b5cc60970d2012-11-28T17:56:13Z2012-11-28T17:56:13ZAndrewinteresting article. How long are the loans? Do you favor a particular length Peter? Is it possible to sell loans...<p>interesting article. How long are the loans? Do you favor a particular length Peter? Is it possible to sell loans on? </p>Lance@MoneyLife&More commented on 'Best Practices for New P2P Lending Investors'tag:typepad.com,2003:6a00d83451bcbd69e2017ee5b48277970d2012-11-28T14:18:12Z2012-11-28T14:18:12ZLance@MoneyLife&Morehttp://www.moneylifeandmore.comThis is definitely something I have been interested in. Maybe I will try it out in 2013 or 2014 after...<p>This is definitely something I have been interested in. Maybe I will try it out in 2013 or 2014 after my girlfriend's student loans are hopefully gone.</p>