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Lending Club Running a $1 Billion Giveaway

October 30, 2012 By Peter Renton 12 Comments

Views: 928

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.

Filed Under: Peer to Peer Lending Tagged With: $1 Billion, Lending Club

Views: 928

Comments

  1. Dan B says

    October 30, 2012 at 11:13 am

    Holy Crap!……….. A $1 Billion Giveaway? They’re giving away a billion dollars?? I’m definitely entering! 🙂

    Reply
    • Peter Renton says

      October 30, 2012 at 1:37 pm

      Ok, I know my headline was designed to imply that. But I did try to clarify it. You must have missed it as you were skimming my post. 🙂

      Reply
  2. B. Mason says

    October 30, 2012 at 8:17 pm

    Staying with my projection of November 1st! They are sure to get at least $5MM on the 1st. The last few firsts of the month have seen well over $5MM.

    Reply
    • Fiscasl Sergeant says

      October 31, 2012 at 6:48 am

      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”

      Reply
    • Bryce M. says

      October 31, 2012 at 8:08 am

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

      Reply
    • Peter Renton says

      October 31, 2012 at 8:35 am

      November 1st looks like a good bet right now….

      Reply
      • Dan B says

        October 31, 2012 at 12:36 pm

        Nov 1st is a mortal lock.

        Reply
        • Dan B says

          November 1, 2012 at 6:34 pm

          Well, maybe not a mortal lock after all. I have no idea what is up but it looks like Roy S & myself still have a shot with our Nov 2nd pick..

          Reply
          • Bryce M. says

            November 1, 2012 at 9:37 pm

            Yeah, WTF is up with only like $2MM on a first? Maybe Sandy caused a delay? No accounting for weather!

    • Bryce M. says

      October 31, 2012 at 3:15 pm

      Whooping it up! Only three of us projected 1 Nov. I want to wiiiiiiinnnnnn!

      Reply
      • Dan B says

        November 2, 2012 at 6:38 am

        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 🙂

        Reply
        • Bryce M. says

          November 2, 2012 at 7:43 am

          Bummer!! 40k shy. What a terrible first of the month!

          Reply

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