Today is the five year anniversary of opening my first p2p lending account. It was June 11th, 2009 when I opened my first Lending Club account. Little did I know at the time but the moves I made back then would profoundly change my career and my life for that matter.
First some back-story. I came across an article about Prosper back in 2008 but by the time I checked them out they were in a quiet period and not taking on new investors. I remember literally tearing the page from the magazine (I think it was Money magazine) and saving it. I kept checking back every couple of months but Prosper remained in their quiet period.
By June 2009 I was getting impatient and decided to do a little research. A simple Google search quickly led me to Lending Club. They were open to new investors so I signed up for an account on June 11th, 2009. The very next day I received this email from Lending Club – my account was open and ready to be funded.
It was a few weeks before I got around to transferring my money in and making my first loans, so I didn’t officially begin investing until the following month. But five years ago today was the day I decided to give this peer-to-peer lending thing a try.