I recently signed up for Lending Club, but I have not funded my account yet. Will any Lending Club investors tell me how they are doing? I've read the WCI experience and it seems to be pretty nice ~12%, The Lending Club's stated range is 5-9%. Does the automated investing truly let you set it and forget it, I don't want to waste time all day looking for new loans to invest in.
Lastly, my office recently began accepting Lending Club (in addition to care credit) for payment of services. I do not believe that I have a significant conflict of interest as I am not intentionally funding cases I hope to complete (its mainly credit card refinance, mortgage, etc.). Usually I have no clue who paid with cash, credit card, was funded by a parent, or which funding service paid. I was told only a handful of patients have used this service. Anyone see this as an issue?
Thanks!
Gigemags
Lastly, my office recently began accepting Lending Club (in addition to care credit) for payment of services. I do not believe that I have a significant conflict of interest as I am not intentionally funding cases I hope to complete (its mainly credit card refinance, mortgage, etc.). Usually I have no clue who paid with cash, credit card, was funded by a parent, or which funding service paid. I was told only a handful of patients have used this service. Anyone see this as an issue?
Thanks!
Gigemags
Comment