Author Topic: No direct Lending Club accounts in NC?  (Read 1263 times)

CarolinaCash

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No direct Lending Club accounts in NC?
« on: November 18, 2013, 07:17:11 PM »
After researching the Lending Club, it seemed like a reasonable place for me to invest...but alas, I must go through some middle-man as I am a resident of North Carolina.  Anyone know what this is about, what the impact is, etc? 


http://www.lendacademy.com/which-states-are-open-to-lending-club-and-prosper-investors/



chasesfish

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Re: No direct Lending Club accounts in NC?
« Reply #1 on: November 18, 2013, 07:38:10 PM »
It's not as great as it seems, I have 7% annualized returns pretax on a little over 2 years of history and a large note portfolio.  The market is up quite a bit more.  I also think the new notes are tougher to find, lots of institutional money chasing relatively few borrowers.