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US $25,000.00 |
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US $2,400.00 |
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September 12th, 2008 — , MyC4, ROI, loans, myc4.com, return, status from wiseclerk @ P2P-Banking.com
About a year ago I started lending money to African entrepreneurs via MyC4.com. So far it did meet my expectations. The process of uploading money worked without problems, there were always enough loan applications to select from and the offered interest rates were high enough to allow for good returns despite the risks. The only [...]
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Continue reading → 7.9% ROI on my MyC4 loans in the past year
March 26th, 2008 — , Update, lendingclub.com, loan performance, service, status from Jeff
It is hard to believe it’s been over four months since I joined Lending Club! We now have 168 loans totaling $4,070.57, earning 12.28% or a monthly repayment rate of $139.23. The interesting thing of note from the time we’ve been with Lending Club is that we have 168 and only two loans are late [...]
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Continue reading → Four Month Review
November 3rd, 2007 — Financial Education, Lending Club, discipline, disciplined, exceptions, listing, listings, status, temptation, utilization from Renaud Laplanche @ Better Rates. Together.
“It’s only when the tide goes out that you discover who’s been swimming naked.”
– Warren Buffett
Disciplined lending is about adopting credit standards and enforcing them with very little or no exceptions. Disciplined lending is hard. Lenders are businesses, and businesses need to grow. There is often pressure, and temptation, on lenders to make all kinds [...]
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Continue reading → Disciplined Lending
October 18th, 2007 — Financial Education, Lending Club, caught, centered, millionaire, mindset, norm, rewarding, rich, status from Mike Smith @ Better Rates. Together.
All of the personal finance advice in the world isn’t going to help someone whose financial mindset is fundamentally flawed. Changes in mindset are required in many instances where large changes are desired. Whether you are looking to live a healthier lifestyle, build better personal relationships, or reach a financial goal, the first thing that [...]
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Continue reading → Change in Mindset