Lending Club vs. Prosper

Written by His on March 29, 2008 – 2:07 am -

So in order to take advantage of free money, Hers and I both opened up Lending Club and Prosper accounts. I’m going to post my initial reactions of both sites now and post updates as I go along.

While I don’t plan on investing heavily on either of these sites for now, I AM looking for a decent return. Especially when you look at how the interest rates are falling in all of the online savings accounts. I need to start funding my IRA fully, but am waiting the few months until Hers and I get married. She has a pretty large account with Ameriprise and I can just get added to her account after the wedding.

So with that in mind, here’s the lowdown below the fold:

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