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Understanding the Peer-to-Peer Lending Business, How Lending Club and Prosper Make Their Money
Traditional commercial banks make their money by borrowing money from savers and then lending it out at higher interest rates than they are paying to savers. Peer-to-peer lending companies also provide savings-like and lending opportunities,... More of this article »
Peer-to-Peer Lending Sites and Companies Operating in the United States
The fledgling industry of peer-to-peer lending has grown dramatically in the last couple of years. Companies like Prosper, Lending Club and others have gained national exposure and the amount of loans that these peer-to-peer lending... More of this article »
How Lending Club Works
Peer-to-peer lending companies have been operating in the United States for about three years now. Companies such as Prosper.com and Lending Club are providing loans funded by individuals as an alternative to borrowing from banks in... More of this article »
Peer-to-Peer Business Loans: How to Get Capital for Your Company
If you have a small business and need some operating capital or capital to expand your small business, it can quite often be very difficult to find funding. Typically funds from angel investors or from venture capitalist require a... More of this article »
How to Use Peer-to-Peer Student Loans to Pay for College
With the amount of available credit in the United States shrinking dramatically over the last year, banks have become much more selective about what type of loans they are willing to provide. Private student loans were one of the first... More of this article »
How to Get a Peer-to-Peer Personal Loan Online
If you are looking to get any sort of personal loan through the internet, you will be inundated with offers from hundreds of different banks, credit unions and finance companies. Most of the offers you’ll find have terms that are... More of this article »
Lending Club Complaints: What Lending Club Could Do Better
As of the end of 2009, Lending Club is now originating over $6 million in new loans per month, almost three times what its primary competitor, Prosper.com, is putting out. Although it’s currently getting a lot of attention while... More of this article »
Lending Club Stats: What Types of Loans Perform Best
With Lending Club’s revamped statistics pages, investors have gained a much better idea of what types of loans perform better than others. Previously, investors had some hints about what typed of loans performed better from the company’s... More of this article »
Lending Club Originates $6.3 Million in New Loans in October, Outpaces Prosper Marketplace
Lending Club originated a total of $6.3 million in new loans during the month of October, making it the fastest growing peer-to-peer lending firm in the United States. The company has seen significant growth in the number of loans... More of this article »
Lending Club Investment Strategies: High Risk or Low Risk Loans
Investors that make use of the peer-to-peer lending firm, Lending Club, recently gained access to a lot of new data that will help them make better decisions as to what types of loans they should fund and which ones they should avoid.... More of this article »
Becoming a Lending Club Lender – What are the Legal Requirements?
Many investors have lost faith in the stock market, real estate and other investments to provide consistent return over time. As a result, investors are increasingly seeking alternative investments to round out their investment portfolios.... More of this article »
Lending Club Vs Prosper – Which Company Provides Better Peer-to-Peer Loan Investment Opportunities?
After the dust has settled from the SEC coming down on peer-to-peer lending companies in the United States, Prosper.com and Lending Club have come out as the two dominant forces in the peer-to-peer lending industry in the United States.... More of this article »
Prosper Vs Lending Club – Who Has The Best Peer-to-Peer Loan Interest Rates?
Both Prosper.com and Lending Club offer fixed-rate unsecured loans that amortize over a period of 3 years. Although the loan products that borrowers are getting are essentially the same from both companies, the interest rates that... More of this article »
Prosper.com Lending Volume Increases by 65% in October
Peer-to-Peer lending firm, Prosper.com, has announced that its new loan volume had increased by 65% during the month of October. During the month of September, the company originated $1,222,378 in new loans. That number increased to... More of this article »
Prosper Marketplace Announces $2.2 Million 3rd Quarter Loss, Running Low on Capital
Prosper Marketplace, the company behind the peer-to-peer lending site, Prosper.com, has announced a net loss of $2,238,138 for the third quarter of 2009. This news bodes particularly poorly for the company as their cash reserve is... More of this article »
P2P Lending Coming Soon to Local Banks Thanks to New Fiserv (NYSE: FISV) Product
Peer-to-Peer lending has grown in popularity significantly over the last two years because of the pioneering work done by Prosper.com, Lending Club, and a few other entrants into the market place. One company, Fiserv (NYSE: FISV),... More of this article »
Prosper.com Begins Offering Hardship Arrangements to Delinquent Borrowers
Prosper.com has been able to get passed its legal trouble with the SEC, but there’s still one looming problem that the peer-to-peer lending industry has yet to find an answer for—extremely high rates of delinquency amongst its... More of this article »
Virgin Money Winds Down U.S. Business Operations
Virgin Money has recently redesigned their U.S. website and has dropped the majority of their service offerings. If you navigate over to Virgin Money’s website, you’ll see the phrase “Everyone’s better off with simplicity in... More of this article »
Prosper.com Receives $1 Million Bridge-Funding Investment
Peer-to-Peer lending company, Prosper, announced last week that they have received a $1 million investment from the founder of Capital One, Nigel Moris, who now leads and investment group called QED Investors. The terms of the loan... More of this article »
Is Investing in Peer-to-Peer Loans Through Prosper.com a Good Investment?
Prosper.com has been around for several years now and has recently began a significant advertising campaign, which includes running ads on CNBC and many are wondering if Prosper.com is a viable alternative investment for some of their... More of this article »
New Lending Club Investor Tools Released, Aim to Offer More Consistent Rates of Return
Peer-to-Peer Lending Firm, Lending Club, recently launched several new features for investors using the service which will help them better diversify the loans that they fund in hopes of generating higher and more consistent returns. The... More of this article »
Prosper.com Moves into Consumer Financing with Zero Motorcycles Partnership
P2p lending Firm, Prosper.com, is looking to generate revenue by targeting on consumers that are environmentally friendly by partnering with Zero, an electric motorcycle manufacturer, to offer a peer-to-peer lending-based financing... More of this article »
Ten Things You Didn’t Know About Lending Club
Peer-to-Peer lending company, Lending Club, has made a big splash in the world of person-to-person lending by providing consistently good interest rates to its lenders over the last few years. Here are ten facts you may not know about... More of this article »