The new wave of Peer to Peer Lending providers allow ordinary citizens to lend and borrow money with one another, online, in a convenient, secure and legally compliant manner. But is there a way to leverage this new financial service by combining it with a highly networked (and highly internet savvy) political support structure?
We present [...]
Peer to Peer Campaign Finance
September 17th, 2008 — , P2P Lending, obama loan, p2p campaign finance, p2p loans, peer to peer campaign finance, peer to peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend
Prosper.com Shifts Gears on Loan Market
August 17th, 2008 — , P2P Lending, Prosper.com, peer to peer lending, prosper.com. p2p lending from Peer-Lend @ Peer-Lend
Prosper’s latest site update announcement (August 14, 2008 - details on their blog) included the following very brief note which signals a major shift in market dynamics - and, potentially, depending upon details which were not released (and are not apparent - and, note to Prosper, therefore not transparent), has implications even to the overall [...]
Related StoresP2P Venture Capital Site Launches…Nothing
August 1st, 2008 — , P2P Lending, p2p venture capital, peer to peer lending, venture capital from Peer-Lend @ Peer-Lend
I wrote about the P2P VC concept several months ago in an entry on LendingClub’s corporate blog, so I was excited to see that someone had finally figured out how to legally implement the concept and allow large groups of small, unsophisticated investors to place funds directly into startups looking for seed capital - without [...]
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Continue reading → P2P Venture Capital Site Launches…Nothing
Lending Club Shuts Down (Temporarily?)
April 8th, 2008 — , P2P Lending, Prosper.com, lendingclub.com, p2p loans, peer to peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend
In a major development in the P2P Lending space, one that has implications for the entire P2P Lending model as it currently exists, it appears that LendingClub.com has partially ceased operations. A notification is up on their site that they are no longer accepting new P2P lender registrations and that no further loans may [...]
Related StoresLending Club Loan Statistics Site Launches
January 29th, 2008 — Lending Club, P2P Lending, Prosper, Prosper.com, lendingclub.com, p2p loans, peer-to-peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend.com
Last week, peer-to-peer lending provider Lending Club began offering data exports containing a variety of information from their peer-to-peer lending platform/marketplace, including: data for loans that have funded to date, loans whose listings are currently active, and loans which were rejected for not meeting Lending Club’s strict credit qualifications (minimum 640 FICO, with no [...]
Related StoresContinue reading → Lending Club Loan Statistics Site Launches
Carnival of Peer to Peer Lending #2
January 21st, 2008 — P2P Lending, Prosper.com, lendingclub.com, p2p loans, peer-to-peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend.com
The second Carnival of Peer-to-Peer Lending installment was hosted by BripBlap & included the following articles:
RateLadder dispenses some Not So Obvious Tips to Maximize Your Chance of Funding for Prosper borrowers (including neat graphical analysis of factors like listing time, duration, and description length), and also presents updated Prosper vintage curves (late rates, as of [...]
Gaming the Lending Club 5% Bonus Promotion
January 15th, 2008 — Lending Club, P2P Lending, Prosper, Prosper.com, lendingclub.com, p2p loans, peer-to-peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend.com
Lending Club, the peer-to-peer lending site, is offering a 5% cash-back bonus to lenders who lend $5,000 or more by February 3rd, 2008.
OK, that sounds neat, but what if you have access to a fair amount of capital -and- a fair number of friends with good credit who you’d trust to loan a large amount [...]
Continue reading → Gaming the Lending Club 5% Bonus Promotion
Prosper Lending: Interest Rate & Bidding Guidance
December 31st, 2007 — P2P Lending, Prosper.com, p2p loans, peer-to-peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend.com
Prosper has recently done something *wonderful* for current and future Prosper Lenders. But I bet you don’t know what it is - or, if you do, why it’s so unbelievably important.
Since it’s garnered very little attention in the P2P Lending Community thus far, I wanted to shine a little bit of light on it [...]
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Continue reading → Prosper Lending: Interest Rate & Bidding Guidance
Prosper Lending: Reinvestment Risk
March 29th, 2007 — P2P Lending, Prosper.com, p2p loans, peer-to-peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend.com
One of the most often misunderstood issues I see popping up on the official forums with some frequency is that of reinvestment risk. To be absolutely clear, the kind of “reinvestment risk” that I’m referring to here is that which is taken on when good borrowers make their payments or pay off their [...]
Related StoresProsper Lending: ScoreX Plus
March 27th, 2007 — P2P Lending, Prosper.com, p2p loans, peer-to-peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend.com
Prosper.com uses a proprietary & predictive credit scoring model called Experian ScoreX PLUS(sm) to calculate borrower credit scores. Prosper then assigns a letter grade based upon specific score ranges.
While the score ranges may look similar to FICO(tm) scores, they are not FICO(tm) scores.
As ScoreX is a predictive model, the credit grade that borrowers are assigned [...]
Prosper Lending: Default Projections
March 27th, 2007 — P2P Lending, Prosper.com, p2p loans, peer-to-peer lending, peer-to-peer loans from Peer-Lend @ Peer-Lend.com
Prosper loans are an entirely new asset class.
There is, quite simply, no (truly) analogous (or available) existing historical performance data to look to for guidance - even when it comes to lending purely “by the numbers”.
History is being made each day at Prosper.com - and the performance you see in your portfolio today will set [...]
