Home » Peer-to-Peer Lending
What to Know When Searching for a Personal Loan Online
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... More of this article »
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... More of this article »
$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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
Peer-to-Peer Lending Industry Featured in Dallas Morning News
The Dallas Morning News recently ran an article entitled “Dallas-Fort Worth entrepreneurs find alternative lenders” discussing how some of the city’s lenders were turning to peer-to-peer lending sites to get business loans where... More of this article »
Lending Club Offering $150 Bonus to Borrowers Looking for Unsecured Personal Loans in February
Peer-to-Peer lending giant, Lending Club, is offering a $150 bonus to borrowers that take out a personal loan through Lending Club through February 28th. Borrowers that take advantage of the offer will have a one-time deposit of $150... More of this article »
Lending Clubs’ Interest Rates on Unsecured Loans Beat Industry Averages
Recent data made available by Lending Club and Prosper Marketplace indicate that the vast majority of its borrowers take out unsecured loans from the two companies’ peer-to-peer lending marketplaces for debt consolidation. There’s... More of this article »
Lending Club Rate Reduction is Result of Lower than Expected Default Rates
Peer-to-Peer lending giant Lending Club recently reduced the interest rates that are being charged to borrowers by as much as 50 basis points. A recent statement made by Lending Club’s senior director of product marketing indicates... More of this article »
Need a Flexible Unsecured Loan? Checkout Lending Club
Getting an unsecured personal loan from a bank is becoming increasingly difficult as banks cut back on their lending to meet new capital requirements from various state and local regulators. Banks are adding new fees to personal loans,... More of this article »
Peer-to-Peer Lending Company, Lending Club, Announces New Brand Identity
Lending Club, the fastest growing peer-to-peer lending company in the United States, unveiled a new brand identity on Friday that includes a new red and navy logo and a new friendlier website. According to a blog post on Lending Clubs... More of this article »
BigCarrots.com Mixes Peer-to-Peer Lending and Corporate Bonds in the United Kingdom
BigCarrots.com, a U.K. based social lending company, is hoping to make consumer-to-business lending more accessible with its new social lending site. Typically when an individual investor makes a loan to a business or corporation,... More of this article »
Zopa On Pace to Originate £50 Million in Peer-to-Peer Loans During 2010
Zopa, a peer-to-peer lending company that operates in the United Kingdom, Italy, and Japan, announced that they have originated £3.81 million in new peer-to-peer loans during the month of January and are on pace to originate over... More of this article »
Interview with Colin Henderson of Canadian Peer-to-Peer Lending Company CommunityLend
Canadian peer-to-peer lending company CommunityLend recently launched in two Canadian provinces. We recently had a chance to interview with Colin Henderson, one of CommunityLend co-founders. Henderson also serves as the company’s... More of this article »
Prosper Marketplace Must Repay $2 Million Bridge Funding by April 1st
Prosper Marketplace entered into an agreement yesterday with its existing venture capital partners to receive a new $2 million bridge loan. Details of the funding agreement have been made available to the public via an SEC filing and... More of this article »
Lending Club Loans: Lending Club Reduces Rates on Unsecured Peer-to-Peer Loans
Lending Club announced that the company is lowering interest rates on its peer-to-peer loan opportunities for borrowers by 0.50%. In a short statement made by the company, Lending Club said commented that “We have reduced our interest... More of this article »
Prosper Marketplace Announces $2 Million in Bridge Financing as Bankruptcy Fears Loom
Prosper Marketplace has received $2 million worth of bridge funding from its existing investors as many are questioning the company’s overall financial health. The new interim round of funding comes from Prosper Marketplace’s... More of this article »