Lending Club ROI help

[kv968]

Technically making a deposit in a bank is loaning them money too, that's why you get interest.. it's just an indefinite term loan that you can cash in at anytime. It's just odd to think of it like that.

Anyways, it doesn't' matter for me. From what I can tell, the only site that offered a service like this for Canada was discontinued due to regulations in this country making it a hassle. Figures.

I guess it's kind of odd to think of a bank deposit as a loan but you're right, technically it is.

And I don't think I can do any of the loaning we were talking about either due to my state's regulations.

[Goldy]

I guess it's kind of odd to think of a bank deposit as a loan but you're right, technically it is.

And I don't think I can do any of the loaning we were talking about either due to my state's regulations.

Its true that some states won't let people invest in it directly but there is a secondary trading platform where you can purchase loans from others and for some reason this is allowed by most if not every state. The trading platform is lacking in some bells and whistles but you can find good deals on there from people who need to get their money out.