Comments on: Tightwad Tuesday: Sign-Up Bonuses

By: Frugal Dad

Frugal Dad — Wed, 09 Apr 2008 04:22:03 +0000

Great tips for adding to the old debt snowball – thanks for sharing!

By: Lynnae

Lynnae — Wed, 09 Apr 2008 02:55:49 +0000

@debtkid – Thanks for weighing in. I know you know a lot more about Lending Club than I do!

@Tim – I really encourage you to read this article at Cash Money Life. Patrick looked into the safety issues and also mentions who’s backing RME.
http://cashmoneylife.com/2008/.....ral-bonus/

@Kacie & Natalie – Thank you!

By: Natalie

Natalie — Wed, 09 Apr 2008 02:24:40 +0000

I signed up under your referral link, thanks for the tips!

By: Tim

Tim — Wed, 09 Apr 2008 01:07:20 +0000

Hmm….something just doesnt jive for Revolution Money Exchange with me. If they’re doing it for no fees, how will they plan on making money? We’re talking an institution that will have to somehow pay for fraud investigations, prevent hackers, and protect our financial data…Are they backed by a major bank, or what is their plan to fund this service long term?

Tim
TheMoneyKings.com

By: DebtKid

DebtKid — Tue, 08 Apr 2008 23:20:03 +0000

@ Jesse – I would contend the exact opposite. Lending Club setting up a secondary market (which is what sounds like is happening) is a good thing for the peer lending space. I read prosper’s SEC filing awhile back (yes, I’m a nerd), and if Lending Club is establishing a secondary marketplace that would definitly not mean the end of them.

It is too bad that the referral program is ending, but makes sense if they are not taking new lenders for the time being.

By: Get a free $25, why doncha? | Sense to Save

Get a free $25, why doncha? | Sense to Save — Tue, 08 Apr 2008 22:58:36 +0000

[...] seen talk about Revolution Money Exchange around the personal finance bloggosphere lately, but I hadn’t paid much attention to it. Sometimes, I can be dumb like [...]

By: Kacie

Kacie — Tue, 08 Apr 2008 22:42:27 +0000

I just signed up to Revolution Money Exchange using your referral link. I hope the $10 gets to ya soon!

I’ve seen this around the internet for awhile, but sometimes I’m dumb and don’t think to actually sign up for free money. Lol.

By: Jesse

Jesse — Tue, 08 Apr 2008 16:26:48 +0000

I also did a piece about Lending Club Lynnae and quite frankly I think we all know the truth: this is probably the end of Lending Club

By: Lynnae

Lynnae — Tue, 08 Apr 2008 14:10:18 +0000

@No Debt Plan – The Lending Club blog did have an announcement up on their blog, though to my recollection, it didn’t include anything on the referral bonuses. However, after seeing Scott’s comment this morning, I checked with other bloggers I know that are more in the loop with lending club than I am, and what Scott said is true. At this point the referral program is terminated.

Here’s the lending club announcement:
http://blog.lendingclub.com/20.....oes-quiet/

And here’s the Dough Roller’s take:
http://www.doughroller.net/200.....-with-sec/

By: Scott

Scott — Tue, 08 Apr 2008 13:44:17 +0000

Not sure what you mean by “solid article” but the lending club blog pretty much contains the email they sent out.