Lending Club: Anyone Invest?

[OneGuy67]

I invested a couple thousand back in 2008 in prosper.com. Took some hits during the recession and have had a steady small amount of loss due to non-payers over the years. I've lost the equivalent of what I've put into it and I have made in profit about half of what I put into it over the years. I have gotten wiser as to who I'm willing to lend money to and am only willing to lend to the safer (better credit) people and take a lower interest rate rather than gamble on a higher return with a riskier person.

[Irving]

I invested a couple thousand back in 2008 in prosper.com. Took some hits during the recession and have had a steady small amount of loss due to non-payers over the years. I've lost the equivalent of what I've put into it and I have made in profit about half of what I put into it over the years. I have gotten wiser as to who I'm willing to lend money to and am only willing to lend to the safer (better credit) people and take a lower interest rate rather than gamble on a higher return with a riskier person.

It doesn't sound like your experience has completely turned you off to the idea though.

[OneGuy67]

It doesn't sound like your experience has completely turned you off to the idea though.

My money is still there and I still actively invest. On top of it, I have received three loans from the site for progressively higher amounts to pay off higher interest rated items in a timely manner. The interest I make on my investment is higher than what I would get at any banking or stock institution, but there is risk to it.