📱 Best Platforms
LendingClub, Prosper, LendingRobot
📖 The Hustle
LendingRobot automates P2P investing across LendingClub, Prosper, and Funding Circle simultaneously. You deposit $5,000-$25,000 and set your risk parameters — LendingRobot's algorithm scans thousands of new loans daily and auto-invests in the ones matching your criteria. It also runs a secondary market strategy, buying underpriced notes from other investors trying to exit early. This turns P2P lending from an active hobby into a genuinely passive income machine.
🚀 First Step
Create accounts on LendingClub and Prosper, fund each with $2,500, then connect both to LendingRobot and set your risk profile.
🔑 Keys to Success
- Set your LendingRobot risk model to a blend of grade B and C loans for the best balance of yield and default rates
- Enable the secondary market feature to capture discounts when other investors sell their notes early at a markdown
- Withdraw only the interest each month and keep reinvesting principal to grow your automated loan portfolio over time
🛠 Tools & Resources: LendingRobot, LendingClub, Prosper, NSR Invest, PeerCube