You can pick and choose who to invest in based on criteria you decide. For example: no one with a credit score below 700 and debt-to-income ratio above 80%. It's all up to you to determine which loans are good to invest in.
The application to become a lender or a borrower only takes a few minutes and is completely confidential, secure and online.
Find out more here.
Lending Club respects the privacy of its members. Your personal information, whether you borrow or not and how much you borrow will always be kept totally confidential from other members -- including me.
Lending Club is slightly different if you live in one of these states: Alabama, Alaska, Arizona, Arkansas, Indiana, Iowa, Massachusetts, Michigan, Nebraska, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Pennsylvania, Tennessee, and Texas.
Read more about P2P Investing through the brokerage FOLIOfn here: LendingClub Investing with FOLIOfn