Results 1 to 17 of 17
Threaded View
-
02-11-2014, 04:29 PM #13
Lending Club is already regulated by the SEC. Each loan is booked as a security and each security is issued with a prospectus about the deal. Each prospectus tells you about credit score, liens, income, and other stuff. It's the same thing as buying stock.
There are defaults but their loans are classified on a scale of A to G (G having the highest rate of return, highest risk, and highest default rate). Even class As have defaults, just fewer.Last edited by Sean Cash; 02-11-2014 at 06:45 PM.
Similar Threads
-
Prosper / Lending Club for MCA
By MerchantDataGuy in forum Financial ServicesReplies: 11Last Post: 12-31-2013, 11:40 AM -
Taming the Wild Frontier
By isaacdstern in forum Merchant Cash AdvanceReplies: 1Last Post: 11-15-2013, 09:13 AM -
Lending Club Announces....
By MCAVeteran in forum Merchant Cash AdvanceReplies: 1Last Post: 11-08-2013, 10:11 AM -
lending club
By staten in forum Merchant Cash AdvanceReplies: 3Last Post: 10-18-2013, 02:21 PM -
Google Invests in Lending Club - Things are happening here
By Sean Cash in forum Merchant Cash AdvanceReplies: 24Last Post: 05-24-2013, 11:57 AM