LendingClub has suspended the issuance of new alternative investment grade D loans to members due to the impact of COVID-19 on the economy.
In an email sent to member investors on June 1, LendingClub announced that it will offer investors “a bonus payment of 50 basis points, or 0.5%, for all new Note purchases made between June 1 and August 31, 2020” as a thank you for their dedication to the lending community.
LendingClub recently has released its latest update to borrowers and investors amid the COVID-19 pandemic.
Peer-to-peer lending is one way that investors can diversify their portfolios. Through websites such as LendingClub, peer-to-peer lending offers a unique investment opportunity that can often outpace the return on some traditional forms of investing.
In its Quarterly Platform Update for Q1 2019 released this week, Lending Club announced that it is retiring Grade E loans.
In its latest Market Insights report, Lending Club explores how marketplace loans might perform in an economic downturn as well as why they believe their platform is well-positioned to sustain performance through changing economic cycles.
Lending Club has a Tax Guide for Retail Investors available on their website designed to provide general information about the tax forms and answers to frequently asked tax questions.
Lending Club recently announced financial results for the fourth quarter and full year 2018.
In the latest update, blogger Ryan Lichtenwald emphasizes the importance of patience when starting in P2P lending as he analyzes fourth quarter trends with the new account.
To help mitigate market risks, retail investors are allocating more to alternative investments. And industry experts agree, P2P lending is the place to be.