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Is there anything like www.lendingclub.com in Ireland?

{^Syntax^} · 2011-10-11 07:37:53

It seems like a great idea and I heard Kevin Rose (founder of digg.com for those that didn't know) mention that the average return is about 8% including people defaulting on loans if you have you investment spread out over a big enough audience (2000 loans @ $25 a pop) Not that I'd be able to afford 2000 loans any time…

11-10-2011 7:37am

#1

{^Syntax^}

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It seems like a great idea and I heard Kevin Rose (founder of digg.com for those that didn't know) mention that the average return is about 8% including people defaulting on loans if you have you investment spread out over a big enough audience (2000 loans @ $25 a pop)

Not that I'd be able to afford 2000 loans any time soon but I wonder would the return rate be higher for smaller investments too.

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#2 11-10-2011 11:30am

infamous

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Nah nothing like that here as under Irish legislation each lender would have to register as a money lender which wouldn make it viable.

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