Lending Club Accepts 2008 Webby Award!

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Photo by The Webby Awards.

© 2008 Lending Club. All rights reserved.
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Interest Rates which benefit both Lenders and Borrowers?

I lived in New York City for much of my life and one of our infamous mayors, named Ed Koch, used to walk around the city saying “How am I doing?” It was a great way to get feedback then, and I think it still is now. So, how are we doing? Let [...]

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  • Renaud Laplanche, Lending Club CEO in the News Renaud Laplanche, founder and CEO of Lending Club in California recently spoke with Jackie Hyland from ABC News Money Matters about Lending Club, where borrowers with good credit can obtain personal loans from complete strangers. It was touted as providing a unique and creative way to get a loan that......
  • Loan Rate Analyzer Here is the actual Prosper Loan Analyzer that I use when evaluating a single loan. For input it takes the credit grade, debt to income ratio, and loan amount. It looks at all loans in the last 100 days with the same credit grade, DTI 0% to DTI+10%, and loan......

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Stunning report on abusive loan fees

I was reading mobilemoneybanking.com e-mail and they mentioned this report called “Out of Balance: Consumers pay $17.5 billion per year in fees for abusive overdraft loans” written by the Center for Responsible Lending.
I am amazed at that level of fee income for the banks - $17.5 billion. The report goes into overdraft [...]

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  • Resisting Panic: A Quick Guide to Surviving The Credit Crunch A few years ago if you referenced the term "credit crunch", most people would be puzzled. Today barely a single day can pass without the phrase seeing consistent if not constant use in the newspapers and on television. The credit crunch is a crisis that is affecting numerous financial institutions......

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