Has anyone invested with P2P Lending? Like Prosper or Lending Club?

Discussion in 'Financial Forum' started by anonymous, Feb 10, 2016 at 7:41 PM.

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  1. anonymous

    anonymous Guest

    Has anyone invested with P2P Lending? Like Prosper or Lending Club?

    I opened accounts with both to test them out and see which one I like better.
    I read these could be a good investment in a down market.

    I'm only testing out a small amount of money to start with.
     

  2. anonymous

    anonymous Guest

    I have had a lending club account for a few years and I’m currently divesting from it. The money is not liquid. The returns were around 5% most of the time. In a recession it might not be a good investment if people start to default on your loans. It’s taxed like a savings account and not an investment.

    Lending Club’s stock hasn’t done anything either.