I am putting this question out to my readers today as I need some advice. I get a few dollars from Lending Club from loans that I have made to different people. My goal with this investment strategy is to finally build up enough loans where the repayments are enough to fund new loans.
With all the excitement of using the incoming funds as a snowflake payment to pay off debt I think I have lost sight of this goal recently. I am asking for your help now to make a decision.
Should I continue to withdraw the money and throw it at my car loan or should I roll that money into funding new loans and continue with my normal debt repayment schedule?