If you are in need of borrowing some money to make a major purchase or take care of an unexpected expense, you have a number of options, both online and off. You could walk down to your local bank or credit union and ask if they would be willing to provide you with a short [...]
March 8th, 2010 | admin | Comments | ContinuedPeer-to-Peer Lending Articles
Prosper Marketplace Loan Origination Growth Rate Slowing
Peer-to-Peer Lending Company Prosper Marketplace saw a decline in the amount of new loans that the company is originating for the second consecutive month during February.
Prosper Marketplace issued a total of $1.7 million in new loans during the abbreviated month. During the month of January, Prosper Marketplace issued $1.9 million in new loans. The company [...]
$7.5 Million in New Loans Originated by Lending Club in February
Lending Club, a U.S. based peer-to-peer lending company, originated $7.5 million in new loans during the month of February and now has funded more than $91 million worth of peer-to-peer loans to consumers.
Lending Club’s loan growth rate has increased every month since the peer to peer lending industry came under fire from the Securities and [...]
Funding Circle Raises $1.1 Million to Build Social Lending Platform for Small Business Loans
Funding Circle, a U.K. based start-up, has raised $1.1 million worth of Series A circle to complete building its social lending platform for small business loans and plans on launching during Q2 of 2010.
The service that Lending Circle plans on offering will allow individuals to lend small amounts of money to a wide range of [...]
Debt Consolidation Loans Becoming Increasing Popular on Peer-to-Peer Lending Marketplaces
Borrowers are turning to peer-to-peer lending companies, such as Prosper Marketplace and Lending Club, for debt consolidation loans more than every other type of loan request made, according to new data from Prosper Marketplace.
Prosper has originated more than $190 million in peer-to-peer loans since the company was founded in 2006. A recent press release from [...]
Prosper Marketplace Takes Steps to Reduce Risk for Peer-to-Peer Lenders
Prosper Marketplace, the peer-to-peer lending company that has originated more loans than any other company in its industry, recently has come under fire for being an investment that is too high-risk and has now outlined what steps that it has taken to reduce the potential losses that its investors might face.
Lending Socially recently interviewed Prosper [...]
Prosper Marketplace Favors Regulator Changes for Peer-to-Peer Lending
Prosper Marketplace CEO Chris Larsen recently commented on the ongoing development of regulation for the fledgling peer-to-peer lending industry commenting that he favors a holistic regulator that “has the best interests of both borrowers and lenders in mind” in a recent interview with Lending Socially.
Larsen commentated that he would favor a regulator other than the [...]
Lending Club Launches Redesigned Website
Lending Club, the fastest growing peer-to-peer lending company in the United States, has launched a new version of their website today, featuring a brighter color scheme and a new red and navy logo.
Lending Club’s new website features much of the same content that its old website had, but emphasizes different areas. On the company’s new [...]
Prosper Marketplace May Build Student Loan Peer-to-Peer Lending Product
Peer-to-peer lending company, Prosper Marketplace, has hinted that it may build a peer-to-peer lending product targeted specifically at student loans, following in the footsteps of Fynanz and People Capital.
During a recent interview session that Lending Socially had with Chris Larsen, CEO of Prosper Marketplace, Larsen commented that, “Over time we anticipate building a tailored business [...]
Peer to Peer Lending Companies Partner with Online Retailers
Peer to peer lending companies are now turning to partnerships with online retailers to further growth as future growth from natural loan demand is beginning to slow.
The first company to make such a partnership was Prosper Marketplace with Zero Motorcycles. Through a partnership between the two companies, Zero Motorcycles is allowing their customers to pay [...]
Lending Club: The Best Way to Get a Personal Loan?
Consumers are turning away from credit cards as they get their financial houses in order and become fed up with bank’s fees that never seem to stop increasing. With credit card use waning, borrowers are now looking to other types of debt to pay for purchase they don’t have the cash to pay for including [...]
February 22nd, 2010 | admin | Comments | Continued
This website has lost all credibility... every article they publish is something negative about Citi... I suppose the people behind ...
This is why the talk about a buyback is without foundation as Citi holdings has large amounts of debt and ...
What do you mean "Citi Holdings lost $8.2 billion in revenue in 2009 and $36 billion the year before that"? ...