Lending Club Bonus

Lending Club is giving away a $64.62 bonus to each person that signs up as a lender on the Lending Club website.  Not everyone is comfortable with the peer to peer lending model so Lending Club figured they’d let you try out the process of peer lending by letting you invest without using your own money.

According to the email I recieved, the Lending Club bonus value of $64.62 has significance because bank profits were $6.462 billion last quarter.  Since they are working to cut out the banks as middlemen, Lending Club is also making a symoblic gesture with their bonus.

The Lending Club review that I wrote up a while back focused on borrowing money but you don’t get the bonus for signing up to borrow money, only if you become a lender on the site.

To qualify for the bonus and dip your toe in peer lending:

• Visit Lending Club using this referral link
• Open and activate your account

Lending Club will deposit the bonus into your account and the $64.62 will be available for you to invest on the site. The email didn’t say how long the promotion lasts for. My guess is it’s good through the end of the month but if you’re interested, I’d sign up soon to make sure you get the bonus. Happy peer lending!

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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