Lending Club Running a $1 Billion Giveaway

When you go to Lending Club’s home page today you will see something new. They are running a contest to celebrate crossing $1 billion in total loans issued, something that will happen in the next few days. No doubt they saw the contest that I was running and decided they needed to one-up me….

Their contest will be potentially more lucrative than mine and a lot easier to win. Here is the deal. All you have to do is pay attention to when Lending Club breaks the $1 billion mark and place an investment order that same day. You could win a Lending Club golf bag and $1,000 or one of 100 Lending Club ball caps.

The details of the contest are here. And pay attention – they will definitely cross $1 billion in total loans in the next week. Of course, you will read about it here as soon as it happens. Good luck.

Comments

    • Fiscasl Sergeant says

      Just looking over the rules, it appears lending club has offered an estimate of 1 November as well….

      “Promotion Period: The promotion period shall be deemed to commence at 12:00:00 a.m. PT on November 1, 2012 and close at 11:59:59 pm PT on the Celebration Day”

    • Bryce M. says

      The average share of the total monthly originations for the first of the month is about 12%. The first two days are around 20%.

      • Dan B says

        Sorry Bryce…………..Currently at $999.7 million.
        24 hours ago, I’d have bet some serious serious money that Nov. 1st would have been the winning date. I’m glad there was no way for me to make that bet :)

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