Have you ever wanted to be the bank and make a lot of interest lending people money? If so peer to peer lending may be for you. Peer to peer lending is when you lend money to others through a site like lending club or prosper.com. They have many people fund each loan to minimize the risk of default, I’ve been experimenting with the lending club and I’ve gotten over 10% on a pretty conservative loan. I like their web intereface and it seems a viable way to invest.A great way to try it out is using a promotional offer so you don’t risk your own money. Right now lending club has a promotional offer- you can send invitations to friends and they get $40 to start investing. Leave a comment and I’ll send you an invite. Note as far as I can tell I won’t get a referral bonus myself.
Want a free $40?
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