How to Handpick Loans on Lender Club ☆

Starting out on Lender Club as an investor may be a bit overwhelming at first, but it certainly has its rewards if you choose to stick around. Assuming that you are already familiar with the concept of peer to peer lending (if you are not, you can find out more here: review of Lending Club), we would like to help you navigate through the extensive filter system that Lender Club has creating for picking up individual loan notes to add to your portfolio. In addition, we will share some strategies for making the final selection that might be useful to new investors.

First of all you need to select your search criteria from the “Browse notes” section:

  • Verified income – as a beginner, it might be a good idea to deal with borrowers whose income has already been verified to avoid scam loans (yes, it is possible, even in secure places like Lender Club).
  • Exclude loans already invested in – always tick the box for this option, since it will leave out any loans you have already dealt with and you will avoid investing too heavily in the same loan and thus lose out on diversification benefits.
  • Debt to income ratio – this is an important metric to consider. The higher the percentage, the less likely it is that the borrower will be able to repay the loan and the riskier the investment becomes, so set the slider somewhere in the lower middle. If you set it too low, you might not get too many loans to choose from in the search results.
  • Loan purpose – this assigns a category to the loan (home, car, etc.), but is not a vital criteria and you might want to skip it as a beginning.
  • Minimum length of employment – set the slider to at least one year of employment. If the borrower has not held a permanent position for at least a year, it may be doubtful that he or she would be able to cover the monthly payments.
  • Term (36 or 60 months) – this tells you how fast you are going to get your returns. Usually, 3-year loans are less popular among borrowers because they are associated with higher monthly payments. From an investor’s point of view, however, the 3-year loans are more attractive as they yield higher returns faster.
  • Credit score – as a beginner, it is a good idea to choose to top few credit rating brackets (tick 2 or 3 from the bottom up) to minimize risk.
  • Delinquencies – since you are just starting out, don’t risk too much by investing in a loan whose owner has defaulted on a loan in the past two years.
  • Additional filters – finally, you will get the chance to add any additional filters you want from a rich drop down menu. Don’t add ones you are not sure about. In general, after you have filled out the default filters, you should be all set to make your choice.

When you are presented with the list of search results, you will get mainly A and B grade loans, since you plaid it relatively safely with the filters. To maximize your returns select a few of the B-graded loans.

Perks Of Being A CFO ☆

What is a CFO? A CFO is the abbreviation for Chief Finance Officer. These are people who consult with the company’s big bosses like the president or chief operations officer about things that make an impact on the organization’s cash flow. CFO can work in organizations that are non profit, private corporations, universities, cities and even for federal government agencies. The position comes with a lot of perks and becoming a CFO is something a lot of people wish to be. Here is our site, visit and here is a closer look at the benefits of being a Chief Finance Officer:

1. High Salary. A CFO’s job is very complex and consists of a lot of short term and long term tasks and goals which explains why there is a high salary involved. The high pay is estimated to be around $132,000 more than the national mean wage. If you want to become someone respected and have high pay, then the CFO’s job may be something you should wish to aim for.

2. Significant non-salary compensation. This may be in the form of bonuses, compensation packages that are more than what the regular officer has and even stock options. Becoming a CFO means sitting with the big bosses and you get to have the perks that they also have. Often than not, CFOs even have complementary cars from their companies, especially the big ones.

3. Prestige of being a CFO. The CFO is one of the highest ranking positions in the business industry. It is not easy to become a CFO and there are a lot of challenges and criteria that you will have to meet to become a CFO but the CFO is one of the highest positions you can achieve in the business industry, making it a prestigious rank. To become a CFO you have to be the best at your field and know how to handle pressure well. The prestige of a CFO does not come with vacations and relaxed office hours, a CFO’s job is something out of a real life hectic business world. You may need to spend more than eight hours in the office and you will be constantly meeting with a lot of people, both from your company and outside of it. A CFO may also be required to travel because he may need to meet with investors that are out of the country or in different states. Being a CFO may mean having a hectic life but you have to agree, a CFO’s job is prestigious.

4. A lot of organizations will want to hire you. If you are already with another company, other businesses may even want to pirate you to work for them. Being a CFO means not having to worry if you would still have a job even if your quit your current one because there are very few Chief Finance Officers out there and they are very in demand.

5. Opportunity to make more decisions in the company. A CFO’s reports are often the basis of large decision of the companies this is why a CFO will have the power to decide and steer the direction of the company.

Free Tools For Professional Writers ☆

Even professional writers need tools to help out with their writing and proofreading. There are apps and software that can be used and they are available for free. If you can’t find an editing service that can match your requirements, then you would have to proofread on your own.

Although there is a lot of software out there for writing, it rarely gets used by writers. This is because some of them are too expensive or some might be too complicated to handle. Free software on the other hand, such as those that come with the MS Word, are greatly used by professional writers as well as students.

This article will tell you about some of the available writing and proofreading tools online. These help the writers have a better quality of work and you don’t have to worry about the budget because these tools are free. May these tools help you to create better articles, stories, novels, thesis, dissertations, essays or any other form of literature.

• SpellCheckPlus
With this software, you would have to create your writing inside the provided textbox or you can copy the draft of your work into it. It will check your work for misspelled words as well as grammatical errors. The software is great in looking for missed commas. Although it has a free version, there is a limited number of texts that you can enter and whenever you use the free edition, you will see the pro-version advertisement pop up in your screen.

• After the Deadline is another tool that you can use. It helps check your spelling and grammar. The power of this tool is said to be the same as the spell and grammar checker in MS Word but it would be nice to use this and double check if MS Word had missed anything.

• Ginger is a tool that you have to download and install. Although it is a handy tool that can help enhance your writing, the risk of downloading a virus with it into your computer is present. You should always be careful about your downloads because there might already be a bug with whatever you just installed in your computer.

• Paper Rater is a tool that, in a way, rates your paper or written work. You have to paste your written work on the text box and identify what it is. There is a dropdown menu for you to search on and it also asks your level of education. It asks question so that it can learn more from who you are so that it can rate the paper properly according to your degree.

• Aside from the tools, you can also find a website or a source where common misused words are listed. This will help you to use the right words in context to your sentence. There are lots of sources online and it would be easier for you to use them if you just bookmark the page that is best.