Is Lending Club a Good Idea?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 2 May 2014

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

The market downturn from 2007-2009 forced banks and other lending institutions to increase their lending standards for personal loans, as a result, peer-to-peer lending has found its footing. From this, Lending Club has jumped to the front of the market for these loans. Brian and Bo have been dabbling with the site over the past year, and in this show they give everyone a rundown of their experience over the past year.

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.0	investing, taxes.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.9	So guys, have you seen it?
0:17.9	I'm telling you, if you have not checked it out, go to money-god.com.
0:22.4	We've got a brand new video that was put up by a videographer that we hired because we
0:27.2	get all the time, we ask you guys, hey, share the love with us.
0:30.8	We know that we're trying to, one by one, change the financial world with these podcasts.
0:36.6	And you guys write us, tell us how this has all been very helpful to you.
0:40.2	We said, why not create a dynamic video content item that people could easily share?
0:46.3	And it's short, by the way, but it's got music so that it keeps you entertained.
0:49.8	Even if you're not a financial person, I think you'll find the show very entertaining.
0:53.5	This video, it's less than two minutes, money-god.com, it tells you who we are and why we do it.
0:59.4	I really think that it's something you'll check out.
1:01.9	You can also, if you go to YouTube, just type in money-god and we should be one of the
1:05.1	top two or three things that pop up.
1:07.0	Click on it there on our channel.
1:08.6	It's right there, very first video.
1:11.2	We are so, so happy with it.
1:13.0	And we kind of want to get some feedback from you guys.
1:14.9	See what you think about it also.
	...

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