RateLadder — P2P No Bank

Prosper.com Roundup - Small Business and the Economic Crisis

October 10th, 2008 — , Affordable education, Business Development, Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Personal Finance Education, Prosper, Prosper Borrowers, Prosper Lenders, Roundups, college, peer to peer lending, personal loans, prosper news, student loans from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Hello and good morning to all our readers. Welcome to another edition of the Prosper Roundup. We have lots in store for you today, including a large section for our small business entrepreneurs and for those looking to create their own start-up during this economic situation. Drop us a line when you’re through to tell [...]

Loanio Launched, $25 signup Bonus to new Lenders

October 4th, 2008 — , loanio, platinum, referral link, risk, signup bonus from RateLadder @ Rate Ladder

Please pardon the semi delayed announcement. I want to make sure that they had really launched… Will coborrowing reduce risk? Does platinum verification make you feel warm and fuzzy?
I will be trying Loanio as I have all the other p2p lending opportunities for which I am eligible.
If you would like to try loanio please consider [...]

Prosper Roundup – Bailouts and Business

October 4th, 2008 — , Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Personal Finance Education, Prosper, Roundups, peer to peer lending, personal loans, prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

The collection of links this week comprises a list of reads for small businesses and those looking to start a small business. Several articles discuss investors and start-up money. Browse the other categories to read about lending, banking, and stocks.
Peer-to-Peer Lending:
• Learn how P2P lending’s popularity surges over at Seo(X)Factor.
• Tiny Crunch Newswire writes Washington Mutual Bites [...]

Weekly Roundup - Bottom-Feeders and the Banking Industry

September 26th, 2008 — , Affordable education, Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Personal Finance Education, Prosper, Prosper Borrowers, Prosper Lenders, Roundups, college, peer to peer lending, personal loans, prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Welcome to this latest edition of Prosper’s Weekly Roundup. The title for this week’s roundup comes from a Forbes headline. There’s a lot going on in the news! Be sure to check out the Stocks and Banking Industry section for more information.

Peer-to-Peer Lending:
• TNL.net presents fast pace look into the History of Currency. P2P Lending is [...]

Loanio Launch Coming Today (or tomorrow)

September 24th, 2008 — , blog, ceo, good luck, hangup, launch, loanio, quite some time from RateLadder @ Rate Ladder

I was just told by the Loanio CEO that barring any last second hangup to expect the launch of Loanio today.
I noticed that they have a blog too: Loanio Blog
Good luck Loanio, we have been looking forward to your launch for quite some time…

Prosper Weekly Roundup

September 19th, 2008 — , Financial, P2P Lending, Prosper, Prosper Borrowers, Prosper Lenders, Roundups, peer to peer lending, prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Welcome to a new edition of the Prosper roundup. There are many stories this week to relate. The first section of this roundup is on the stock exchange and the banking industry. If you have had your head in the sand use these links as a way to dive headfirst into what’s going on in [...]

Pennsylvania Citizens Are Children in Need of Supervision

September 18th, 2008 — , Prosper.com, aig, bailout, biden, fiscal responsibility, flirtation, hard earned money, mail, mpa, pa government, palin, political concerns, political views, privacy right, private corporations, protectionism, public money, rate caps, state legislator, state of pennsylvania, wire taps from RateLadder @ Rate Ladder

Other than a brief flirtation with the Draft Gore movement I have stayed away from my political views on RL, but I am afraid I can no longer stay silent. I am an off the deep end libertarian who believes that Clinton proved to be an awesome president (in terms of free will, government [...]

Prosper Weekly Roundup

September 12th, 2008 — , Affordable education, Business Development, Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Personal Finance Education, Prosper, Prosper Borrowers, Prosper Lenders, Roundups, college, peer to peer lending, personal loans, prosper news, student loans from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Prosper roundup gets switched around! Easy to read categories are going to be our new way of organizing the roundup.
Categories may change from week to week, but overall the feel of the roundup will be the same.
Business Loans:
• SFGate posts an article this last Sunday on how right now it’s a hard time to get new [...]

Loanio is Expecting Launch within Days

September 10th, 2008 — , bad credit loans, blog, ceo, co borrower, competitor, compliance audit, consumers, conversation with michael, hurdles, inovation, launch, legal compliance, loanio, marketplace, michael solomon, quite some time, screen shots, security audit, writeup from RateLadder @ Rate Ladder

I have been having an ongoing email conversation with Michael Solomon the CEO of Loanio for quite some time… In fact, he originally bought advertising on this blog over a year ago. While still hesitant to give an exact date, he told me in no uncertain terms that Loanio is in the final [...]

Prosper Roundup

September 6th, 2008 — , Financial, Misc, Personal Finance Education, Roundups from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Welcome to another roundup here at Prosper. School is in session for many, hurricane season has started, and summer is nearly over with autumn creeping in to take its place. How are you improving your personal finance?
Investing Intelligently blogs a debunking post to “why index investing may not be for you”. Which opinion do you [...]

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Pertuity Coming in September?

September 2nd, 2008 — , Lenders, Site Review, benefit, borrowers, diversification, finishing touches, hassle, ins and outs, investment dollars, investment returns, launch, loan rates, money, peer to peer lending, welcome thanks from RateLadder @ Rate Ladder

http://www.pertuitydirect.com/
Just recived the following email…
Welcome To Pertuity Direct
Welcome! Thanks for signing up to receive updates about the Pertuity Direct launch.
We have been hard at work for the last two years, building a social lending business that is targeted toward busy people that would like to enjoy the high investment returns and low loan [...]

Gustav, Hanna, and Finance - Prosper Roundup

August 30th, 2008 — , Misc, Personal Finance Education, Roundups from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Keep your eye on the horizon looks like another storm or two is brewing. Be prepared and stay safe as hurricanes are blowing. Well they’re not listed at hurricanes right now, they’re still tropical storms, but damage can still be severe. Check weather updates at www.weather.com.

It’s August and that means going to school. Brip Blap [...]

Prosper Roundup: Gold and Silver

August 22nd, 2008 — , DIY, Financial, Roundups from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Gymnastics gold, silver, and the fabulous one two of Nastia Luikin and Shawn Johnson inspire this week’s roundup.
To start off CNN Money writes 17 ways to raise fast cash; of course there is a catch. This is a list of the 17 worst ways to raise the money even though each item does include a [...]

Green Note Review

August 19th, 2008 — , Green Note, Lenders, P2P Lending, Site Review, better time, citizenship, collections, credit history, family reunion, fixed rate, foreign students, friends and family, good chance, graduation, loan assistance, marketplace, paperwork, relatives, risk, student loan, student loans, student signs, traditional loans from RateLadder @ Rate Ladder

P2P student loans have exploded onto the scene this past year, due in a large part to a lack of availability of traditional loans. There has never been a better time for a p2p site to start offering student loan assistance, and Green Note is one of the newest entrants into the marketplace.
The concept [...]

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Prosper Roundup the ‘Michael Phelps Has Done it Again!’ Edition

August 17th, 2008 — , Roundups, prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Michael Phelps has won another World Record, another race, and another gold. This makes the total gold count 13. He has won 7 gold from this Olympics. Phelps has now surpassed Mark Spitz in Olympic gold medals.
Corporatism where investment income is taxed differently than earned income by Brip Blap this week looks at taxes and [...]

Virgin Money Review

August 11th, 2008 — , Lenders, P2P Lending, Richard Branson, Site Review, aunt sally, borrowers, brainchild, entrepreneur, family and friends, formalities, hash, latest entries, legwork, loan agreements, loan paperwork, multitude, personal loans, personal reasons, real estate professionals, record labels, small business owners, sphere, virgin money from RateLadder @ Rate Ladder

Virgin Money is another the brainchild of Richard Branson, the well known entrepreneur that is behind a multitude of businesses, record labels and projects throughout the world. His belief is that everyone should have access to the money they need when they are trying to get money for a business or even for personal reasons. [...]

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Prosper Roundup Beijing Olympics Edition

August 8th, 2008 — , Financial, Fitness, Personal Finance Education, Roundups, prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

The Olympics are upon us and I for one have been looking forward to this event for some time — the purest form of athletic competition and a political tool. Will the issues around censorship and human rights get the attention they deserve?
Get Fit Slowly (the fitness and health counterpart to the wildly popular Get [...]

Prosper Roundup Solar Eclipse Edition

August 1st, 2008 — , Financial, Roundups, peer to peer lending, personal loans from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

GenX Finance offers How to Tell if You Have a Bad 401k Plan.
Rich Credit Debt Loan tells you How to Keep Cash Flow Coming In.
LazyMan covered a recently reemerged story in Extreme Foreclosure!.
The Digerati Life laments Lost Money: How Money Drains Add Up To $175,000 In 10 Years.
Cash Money Life discusses the need to Get [...]

Prosper Roundup

July 25th, 2008 — , Financial, Misc, P2P Lending, Prosper Borrowers, Prosper Lenders, Roundups, peer to peer lending, personal loans, student loans from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

The personal finance blogosphere was packed with great articles this week… Here are a few of our favorites…
GenX Finance details the Top 12 Money Mistakes Most People Make and special congratulations to GenX Finance for being named by PC Magazine to the Top 15 Websites for Managing (and Saving) Money

RateLadder updates 1 Month Late or [...]

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Prosper 1 Month Late or Worse Curves

July 23rd, 2008 — , Prosper.com, Statistics, Strategy, Tools, aa, axis, credit grade, credit history, curves, data export, loan origination, loans, methodolgy, private data, slopes, sql from RateLadder @ Rate Ladder

The methodolgy or the sql for obtaining the data these curves from the private data export has already been explained in detail, but briefly…

The Y axis is the percentage of all loans orginated of a given age that are currently 1 month late or worse…
The X axis is the days loan origination.
The curves stop when [...]

Prosper 1 Month Late or Worse Curves

The methodolgy or the sql for obtaining the data these curves from the private data export has already been explained in detail, but briefly…

The Y axis is the percentage of all loans orginated of a given age that are currently 1 month late or worse…
The X axis is the days loan origination.
The curves stop when [...]

Zing Funding to Launch?

July 21st, 2008 — , Zing Funding, atlanta ga area, banks, connection request, credit card, due diligence, email, fico score, first franklin, individual investors, internet consumers, investor, out of the blue, scoop, scope, unsecured loan, zing from RateLadder @ Rate Ladder

I received a rather unusual linked in connection request today… I thought it was out of the blue and almost deleted it… (It may have been out of the blue, but since I cover p2p lending I thought I would take the opportunity to scope/scoop the story.)
The website just has a sign up form to [...]

Lending Club Updates Lending Functionality

July 21st, 2008 — , Features, Lenders, Lending Club, Site Review, account management, busy at work, conclusions, group loans, loan performance, long time, money, monthly statements, motivation, portfolios, quiet period from RateLadder @ Rate Ladder

A few weeks ago Rob Garcia at Lending Club announced updates to the lending account management features. I apologize it has taken me this long to cover the update, but I have been busy at work and frankly without lenders having the ability to lend money I was lacking motivation. Well I got to it [...]

Prosper Roundup

July 20th, 2008 — , DIY, Financial, Fishing, Fitness, Golf, Roundups from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

This week has been interesting to say the least… I am very much looking to see what the future will hold. I hope you had a great week as well…
Financial Blogosphere…
Loan Chimp thinks Portfolio Plans are Growing Up
Lending Stats blog on Privatizing risk, socializing losses
Cash Money Life offers this guide on How to Become A [...]

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Prosper Roundup California is Burning Edition

July 12th, 2008 — , prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

It seems that most of California is on fire. While the smoke in my part of the Bay area has subsided some what, several friends from other parts of the state have reported very poor air quality.
We appreciate all the hard work put in by the firefighters and their support. Our thoughts and prayers go out [...]

Update of IRR/ROI Values July 2008

July 7th, 2008 — , Prosper.com, Statistics, Strategy, Tools from RateLadder @ P2P Lending

Another month another update… The picture is rather muddled right now between the accrued interest showing up in my account balance even on loans that are technically “charged off”and lending club changing their algorithm… All I can do is continue to track and hope fore some clarity… On a positive note I have had no [...]

Prosper Roundup July 4th Edition

July 6th, 2008 — , Roundups from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

I had the pleasure of attending a 4th of July celebration in Sonoma, CA. The town pulls out all the stops to put on an old fashioned 4th of July celebration. From the parade, to the carnival in the town square, to the fire department sponsored fireworks everything was incredible… I hope everyone’s [...]

Prosper Roundup Fires in Northern California Edition

June 28th, 2008 — , prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

The fires caused by last week’s unusual dry lightening storm are start to be brought under control in some areas… The smoke is still noticeable in my part of the Bay… Our thoughts and prayers to those that have suffered a loss.
The blogosphere had some interesting posts this week…
Rich Credit Debt Loan is Making Extra [...]

Lending Club Liquidity and Capital Resources

June 28th, 2008 — , Prosper.com from RateLadder @ P2P Lending

I read through the Lending Club S1 finally… I found a few parts of the S1 interesting… Over the next few day I will lighlight a few of my favorite sections. I am not a lawyer nor do I claim to fully understand everything that I am reading. I am simply copying verbatim parts of the Lending [...]

Prosper Update Enhances the Legal Enforceability of Promissory Notes

June 24th, 2008 — , Prosper.com, Site Review from RateLadder @ P2P Lending

There was a Prosper update last night. Nothing that was completely unexpected… The one thing that struck me as interesting was that borrower’s are now required to sign the promissory notes themselves… Before I guess Prosper as Prosper had been authorized to sign on their behalf… The part that struck me as interesting was the [...]

Prosper Roundup Longest Day of the Year Edition

June 22nd, 2008 — , Roundups from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Welcome to the longest day of the year… OK so it was actually the 21st, but close enough… I hope are enjoying the sunshine in your neck of the woods. Our thoughts and prayers are with flood victims in the Midwest.
Here are some of our favorites posts from around the blogosphere… I will be covering [...]

Lending Club Files S1 with SEC

June 21st, 2008 — , Lending Club from RateLadder @ P2P Lending

Lending Club has filed an S1 with the SEC (link to S1 filing). It looks to be similar in nature to the Prosper filed an S1 reported here on 10/30/2007.
This continues the Lending Club quiet period started on 4/8/2007. Originally I had guessed 7 months to 1.5 years for the Lending Club quiet [...]

Programmer and Blogger Seeks Credit Score Improvment Loan

June 18th, 2008 — , Groups, Listing Review, Prosper.com from RateLadder @ P2P Lending

My Prosper Group is proud to present our 3rd listing (2nd endorsed listing)… This listing is attempting to put the social in social capital.
The Penny Saved has been a known blogroll buddy of RateLadder for sometime. He asked me about this loan strategy about 2 months ago. This is a calculated decision [...]

Zopa Security Leak?

June 17th, 2008 — , Zopa, security from RateLadder @ P2P Lending

I was randomly checking my stats on Zopa and noticed that a person with whom I am familiar had chosen to help my Zopa loan… Thank you!!!
There is a feature on Zopa that allows you to send a thank you note via the website… So, I decided to do just that and I [...]

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Prosper Roundup — Father’s Day Edition

June 16th, 2008 — , Roundups from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Here’s hoping that you and yours had a great Father’s Day. Mine was fantastic… My wife surprised me by flying my dad in for a visit from another part of the country and I enjoyed it very much…
Around the Prosper, p2p lending, and personal finance blogosphere….
BankRate coveres Peer-to-peer online lending grows in tight economy
“Home equity [...]

Vintage Curve Update — 06/12/2008

June 12th, 2008 — , Prosper.com, Statistics, Strategy, Tools, axis, credit grade, curves, delta, dpd, graph, l key, mld, percentage basis, population, private data, sql, university of maryland from RateLadder @ P2P Lending

Brief Explanation: These curves show the entire set of prosper loan broken down by credit grade and lined up along the x axis on their origination date… As a loan goes late (1 month or worse) it is counted (either by amount or by count) as late against the population…
Recently a study from the University [...]

Web Design and Blogs: How Important Is a Fresh Look?

June 11th, 2008 — , SEO, Site Review, artistic flair, capability, challenges, colors, crowd, custom web, design details, design firms, finished results, free themes, layouts, logo design, search engine optimization, stylish web design, templates, unique services from RateLadder @ P2P Lending

One of the biggest challenges facing blog owners is keeping their site looking fresh without losing their appeal. Currently, there are thousands of free themes out there that can be used by anyone, but there are few designs that are not already in use. For blog owners that want to stand out from the crowd, [...]

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Carnival of P2P Lending #9

June 5th, 2008 — , Carnivals from RateLadder @ P2P Lending

Welcome to the 9th addition of the Carnival of Peer to Peer Lending…
Editor’s Picks:
P2P-Loans.com presents P2P Lending Grows in Popularity as Banks Slow Lending (Are Individual Lenders Suckers or Savvy?) posted at P2P-Loans.com.
Pinyo presents Why Borrowers With Bad Credit Pay A Higher Interest Rates posted at Moolanomy.
LazyMan presents I Borrowed Money On Zopa. [...]

Prosper in May Set a New Monthly Loan Origination Volume High Water Mark

June 4th, 2008 — , 6m, Credit Grades, Prosper.com, Statistics, aa c, credit grade, great news, loan volume, loans, momentum from RateLadder @ P2P Lending

(sql to produce statistics at the end of post)
In May, Prosper originated more loan volume than in any previous month roughly 9.6M loans the vast majority were credit grades AA-C. This is great news for Prosper on 2 fronts: total volume and loan quality. Here is the breakdown…

May 2008 Prosper Origiantions

Credit Grade
Loans
Amount
Amt / Loan
% total

AA
223
$2,003,970
$8,986
20.9%

A
225
$1,924,277
$8,552
20.0%

B
270
$2,084,555
$7,721
21.7%

C
388
$1,979,505
$5,102
20.6%

D
295
$1,202,235
$4,075
12.5%

E
82
$185,909
$2,267
1.9%

HR
120
$220,425
$1,837
2.3%

Total
1603
$9,600,876
$5,989

All [...]

RateLadder IRR/ROI 6/08 Update — 0.57% to 16.64%

June 3rd, 2008 — , Prosper.com, Statistics, Strategy, Tools from RateLadder @ P2P Lending

My account update for the month shows some general improvement…
One thing to note is that with the loans in the debt sale not sold my IRR calculation is a little out of whack… Hopefully Prosper will create the loan status of “Charged Off” and remove those accounts from my balance which will [...]

Debt Sale Off — Prosper to Apply Post Charge Off Collection Techniques

June 2nd, 2008 — , collections from RateLadder @ P2P Lending

Doug Fuller on Friday announced that the debt sale has been called off and that Prosper was going to “apply post charge off collection techniques” to the loans in the sale…
The reason given for the cancellation of the sale is that highest bid without “unacceptable contract conditions” was only 1.5%, as opposed to the roughly 3 [...]

8 Listing Strategies to get Best Prosper Loan Rate

May 29th, 2008 — , 5pm,

Aggregating P2P Lending Blogs