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$7.2 Million in New Loans Originated by Peer-to-Peer Lending Companies in September
Peer-to-Peer Lending Giants, Prosper.com and Lending Club originated a total of $7.2 million during the month of September, according to internal statistics from both companies. Both companies saw a significant increase in new loans... More of this article »
P2P Lending’s Idle Money Problem: How Lending Club and Prospers Rates of Return Could be Better
When peer-to-peer lending companies first began originating loans for borrowers in 2006 and 2007, they didn’t do the best job of reviewing their customer’s credit history and the interest rates simply were not where they need to... More of this article »
Uncovering Prosper.com Investors’ True Return on Investment
American Banking News has recently come under fire from members of the “Prospers” peer-to-peer lending community for citing Prosper.com’s statistics about the interest rates that its investors are earning, contending that the... More of this article »
Virgin Money Brings New Twist to Peer-to-Peer Lending
Companies such as Prosper and Lending Club have provided a marketplace to individuals wishing to lend each other money over the internet, now Virgin Money hopes to formalize loans made between friends and family members. Virgin money... More of this article »
Peer-to-Peer Investing: Prosper.com Review
Prosper.com is a website in the emerging peer-to-peer lending industry which facilitates the borrowing and lending of money between its users. How it Works: Prosper, Lending Club and other firms sidestep the banking industry by creating... More of this article »
Comparing Prosper.com and Lending Club Investment Performance
Prosper.com and Lending Club.com are by far the two largest peer-to-peer lending websites in the United States. Many investors have used these services to diversify their investment portfolios. During the financial crisis, while stock... More of this article »
How Does Investing with Lending Club Compare to Saving with a High-Yield Savings Account?
With the Federal Reserve keeping target interest rates near zero, consumers are becoming increasingly disappointed with the interest rates being offered by traditional “high-yield” savings accounts and are looking for investment... More of this article »
How to Consolidate Your Debt with a Peer-To-Peer Loan from Lending Club
Banks and credit card companies have been raising interest rates that they are charging customers for no other reason than because banks have made poor financial decisions and want consumers to pay for it. Now you the consumer have... More of this article »
Lending Club Investor Rates of Returns Increase in September 2009
Investors in the popular peer-to-peer lending website, Lending Club, saw an increase in the average rate of return earned by investors from 9.61% in August to 9.65% during the month of September. On the front page of Lending Club’s... More of this article »
What Types of Lending Club Loans Perform the Best?
If you plan on lending money to people through Lending Club or Prosper any time soon, you’re going to need to know some of the basic strategies that lenders are using to maximize their rates of return. We recently covered that a... More of this article »
Why Investing in a Large Number of Loans is Key to Lending Club Success
Peer-to-peer loans have become an increasingly popular way for investors to diversify their portfolios, but some have failed to use these services properly and have left themselves unprotected. Make sure to diversify your loan portfolio... More of this article »
Citibank (NYSE:C) in Deal with Virgin Money to Expand Market Share in Australia
In a move that directly aims at the four major banks in Australia, Citibank (NYSE:C) has signed a deal with Richard Branson’s Virgin Money to offer products and services of new credit cards, mortgages and retail deposit accounts. Virgin... More of this article »
Receive a $25.00 Deposit Bonus for Signing Up with Lending Club
If you’re looking for an alternative investment vehicle than stocks, bonds and real estate, becoming a lender with Lending Club, Prosper or another peer-to-peer lending site can be a great way to diversify your portfolio. Many successful... More of this article »
Twitter Weekly Updates for 2009-09-20
Tales From Lehman's Crypt – New York Times http://tinyurl.com/pcedmy #Econ # New blog post: Editorial: Illusory Economic and Banking Recovery Continues – Right? http://bit.ly/ioB9A # Dolphins Owner Ross Looks To Acquire... More of this article »
Lending Club Originates $4.3 Million in Loans in August, Prosper.com Originates $905 Thousand
During the month of August 2009, Lending Club.com originated a total of $4.3 million in loans and its older brother Prosper.com only originated $905 thousand. Prosper.com pioneered the peer-to-peer lending industry in the United States... More of this article »
CNN Highlights Peer-to-Peer Lending Industry
CNN’s Chrsitine Roman recently did a piece on the peer-to-peer lending industry. Roman highlighted a borrower that’s making use of these services and discusses the growth of the industry. Here’s the video: Embedded... More of this article »
International Peer to Peer Lending Firm, Zopa, Delays Re-Launch in Italy
Italian P2P Lender, Zopa Italia, announced that their new site will not relaunch until at least October. Zopa has been working on establishing sub-accounts for lenders as a part of an agreement with the Bank of Italy, and is pushing... More of this article »
Editorial: Why did Prosper.com Obfuscate its Investment Performance?
If you would have visited Prosper’s website a week ago, you would have clearly seen the rate of return that its investors are receiving on its homepage. Both Prosper and Lending Club had their average interest rates listed directly... More of this article »
Peer-to-Peer Lending Company, Prosper.com, Welcomes Lenders in Florida
Prosper.com, one of the first companies to successfully develop a peer-to-peer lending marketplace in the United States, has announced today that they will now allow lenders from the state of Florida to participate in their site. Peer... More of this article »
How to Diversify Your Investment Portfolio with Peer-to-Peer Loans
Many have discovered that they were woefully unprepared for the financial crisis by being too heavily invested in certain investments. Now, investors are diversifying their funds by investing in new asset classes such as by making... More of this article »
Why Does Lending Club Turn Away 90% of Potential Borrowers?
Consumers are increasingly looking to peer-to-peer lending sites such as Lending Club as credit card companies raise their interest rate, but why does Lending Club turn away 90% of people that apply to borrow money from the site? In... More of this article »
Lending Club Announces “Click Free” Investments for Large Investors
In a recent conference call, Lending Club announced a new way for investors with $25,000 or more to invest in peer-to-peer loans through Lending Club without having to individually select the loans they wish to fund. Lending Club refers... More of this article »
The State of the P2P Lending Industry
After appearing in 2006, person-to-person lending has grown by leaps and bounds. There are now several companies competing in different areas of the industry, each continually refining their business model in hopes of maximizing the... More of this article »