P2P lending speaks to different people for different reasons. Some of us are interested in the lucrative returns while others are simply exploring stable alternatives to investing in the stock market. Whatever your reason, it would be interesting to hear them all.
5/30/13 Update: See the completed survey results here
Today, we’re going to do something special. I have a bin full of great Lending Club hats, water bottles, and fancy pens from my visit with them last week, as well as a snazzy zip-up cotton hoodie. To win, you need to answer one question: why are you interested in peer to peer lending?
Everyone can enter up to three times
Entry 1 – Circle me on Google+ and leave a comment:
Example: “I am interested in p2p lending because [fill in the blank].”
Entry 2 – Follow @LendingMemo on Twitter and tweet a response, linking to this post:
Example: “I like p2p lending because … http://t.co/ADy08WUAuM”
Entry 3 – Leave a comment below saying why you are interested in lending money online.
That’s it! Three people (picked at random) will be sent an envelope stuffed with Lending Club gear (US/lower 48 only), with one extra person winning the gear plus the zip-up hoodie on the right.
Contest runs one week, ending midnight on Friday, May 24.
Afterwards, I’ll compile all the responses into different categories.
Questions or comments? If you enjoyed this please Like or Tweet it below.
I invest in Lending Club because I believe in them as well as their model. also, I like helping people out in these hard times along with possible interest benefits…
Hi Ed! Great answers. Sounds like we’re pretty similar.
I’m interested in P2P lending because of the high returns, manageable risk, and feeling of control that direct lending gives me (versus other investment options).
I’m interested because of one word… yield.
I’m interested in P2P lending because its a cornerstone of the revolutionary changes in the world of finance, and micro-finance in particular.
I’ve been investing in Lending Club for over two years now and was initially attracted by the yield opportunities and have also enjoyed being an active participant in making debt consolidation easier for hard working Americans.
Because the internet is the ultimate disintermediary and taking money away from banks that are charging 20-30% is simply the right thing to do.
Peer to peer lending sites allow you to lend to other consumers and businesses. You get a higher rate of interest, but with greater risk and lower protection.
I like p2p lending because I like the idea of helping others get their “financial houses” in order without having to be a the mercy of banks, and the yields over current savings rates are the icing on the cake!
I like peer-to-peer lending because it demonstrates the use of technology to benefit ordinary folks.
I am interested in peer to peer lending for a couple of reasons: 1 to be able to lend money to other people to help them achieve their goals whatever they may be. 2 be able to receive great interest rates on my money. 3 be part of the shift from traditional lending methods(banks,etc..) to a more personal people helping people when they need the money at better rates method.
I concur with Greg…. Yield potential.