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[quote=Anonymous]I'm in DC so can't invest in LC. But I did invest $20K in Prosper (the "other" P2P retail platform) in May. So far so good - I'm getting about 9% interest. In answer to your questions: (1) yes, the Prosper account balance shows how much interest you've accrued to date, and will automatically reinvest (if you want). Payments trickle in throughout the month. (2) Prosper calculates the expected Annualized rate of return for any single investment based on incorporating the expected default rate. Yields on Class D loans are often 14-18%, but the real return is more like 8-10% after taking defaults into account. I've not invested long enough to have any true defaults yet - I have one loan (out of 200) with a late payment, but I'm guessing some more will default during the first year. [/quote]
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