Comments on: How To Invest At Lending Club – Webinar Thurs. June 11 http://www.debtkid.com/how-to-invest-at-lending-club-webinar Debt Kid - I'm Getting Out of Debt Sat, 21 Nov 2009 02:42:10 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Peer-to-peer lending http://www.debtkid.com/how-to-invest-at-lending-club-webinar/comment-page-1#comment-19472 Peer-to-peer lending Thu, 11 Jun 2009 14:36:07 +0000 http://www.debtkid.com/?p=3463#comment-19472 I totally agree that lending via orgs like Lending tree is more profitable than sticking the money in a bank. But - and it's an important but - people need to learn risk management. Lots of these seminars only tell you about the upside - but the key to making money on peer-to-peer lending is to be very strict about who you lend to. Risk management is the key. If you don't attend to it, you get hit by defaulters, and end up losing money. I totally agree that lending via orgs like Lending tree is more profitable than sticking the money in a bank.

But – and it’s an important but – people need to learn risk management. Lots of these seminars only tell you about the upside – but the key to making money on peer-to-peer lending is to be very strict about who you lend to. Risk management is the key. If you don’t attend to it, you get hit by defaulters, and end up losing money.

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