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Lending Club

The last post in this topic was posted 2526 days ago. 

 

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I figure there are some lending club members in here, so I figured I take a stab at this.

 

I don't want to sell my shares of AAPL at this moment because I believe there would be huge upside. I am willing to pledge the shares in my ESPP account as collateral for a 12 month loan at 10% interest.

 

Currently, I am working on rebuilding my credit and going back to school.

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Lending Club doesn't offer secured loans.

 

What is your TU FICO score? I see loans listed for investing on LC with FICOs 660+.

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My rico is <600 so that is not an option. My TU score may be right around 600. I have not pulled since I am waiting for some things to update!

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How many shares do you own? You may be better off selling the stock and looking at some options strategies instead of taking a loan out.

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CTAmigo, on 20 Feb 2014 - 6:42 PM, said:CTAmigo, on 20 Feb 2014 - 6:42 PM, said:CTAmigo, on 20 Feb 2014 - 6:42 PM, said:

I figure there are some lending club members in here, so I figured I take a stab at this.

 

I don't want to sell my shares of AAPL at this moment because I believe there would be huge upside. I am willing to pledge the shares in my ESPP account as collateral for a 12 month loan at 10% interest.

 

Currently, I am working on rebuilding my credit and going back to school.

Stock Secured Loans some credit unions do these type of loans at 6% up to 60 months... DCU IS ONE

  • Borrow against stock you own for any purpose
  • Borrow up to 70% of the 52-week low price
  • NYSE and NASDAQ-listed stocks
  • Terms up to 10 years
Edited by credithunting

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