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June 6th, 2008 — , General News, Zopa, Zopa News, collections from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
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digg_title = ‘Zopa Late Borrowers Update -6/6/08′;
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Zopa UK has released its most recent list of late borrowers, including updates on collection activity for those who are delinquent. Other information includes:
-3 cases being chased by CRS (Zopa’s collection firm)
-5 cases actively paying to CRS
-19 late payment cases
-9 direct debit issue cases
As well as a history of resolved cases.
The update can be downloaded [...]
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Continue reading → Zopa Late Borrowers Update -6/6/08
June 6th, 2008 — , Fynanz, Fynanz News, General News, GreenNote News, Greennote, Lendingclub, P2P Lending, Prosper, prosper news from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
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digg_title = ‘Friday Media Report - June 6, 2008′;
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Every Friday, we’ll take a look at some of the stories surfacing in mainstream news about peer-to-peer lending and what people are saying about the major players in the field. We hope this will provide lenders, borrowers & executives some perspective about how P2P lending is being received and how the industry is continuing its [...]
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Continue reading → Friday Media Report - June 6, 2008
June 5th, 2008 — , General News, P2P Lending, borrowers, budgeting, credit score from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
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digg_title = ‘Borrowers Corner: Is peer-to-peer lending the right solution for you?’;
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“Borrowers Corner” will be a recurring feature on Lendoza and will take a look at issues facing borrowers that are new to the concept of peer-to-peer lending. For suggestions, or for experienced borrowers that wish to share their own experiences in the P2P lending space, please contact us.
As a borrower, there are a number of [...]
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Continue reading → Borrowers Corner: Is peer-to-peer lending the right solution for you?
May 30th, 2008 — , General News, P2P Lending, Prosper, collections, debt sale, prosper news from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
Prosper Vice President of Operations Doug Fuller updated lenders Friday night on the status of the numerous defaulted loans that Prosper has been trying to load off on junk debt buyers. Unfortunately, the news isn’t what most lenders want to hear: Prosper is holding onto the paper due to lack of what they call a [...]
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Continue reading → Prosper Holding Onto Defaulted Loans - For Now
May 30th, 2008 — , Canada, CommunityLend, CommunityLend News, General News, P2P Lending from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
CommunityLend, a Toronto, Canada based P2P Lending firm currently in startup phase, announced this week that they’ve been working with two firms to help further the site’s development in both OpenSource coding and applications, as well as its banking software interface.
UnSpace Interactive, a firm based out of Toronto, has been working in conjunction with CommunityLend [...]
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Continue reading → CommunityLend Announces Partnerships, Looks Towards mid-2008 Launch
May 28th, 2008 — , General News, P2P Lending, Prosper, collections, prosper news from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
There seems to be a lot of chatter within circles of p2p lending users about who exactly is to blame for loans gone awry and where the responsibility actually falls. The debate comes about because social loan marketplaces like the one popularized by Prosper do not allow users to make direct person-to-person loans, but rather [...]
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Continue reading → Marketplace Protection & Collections: A Closer Look
May 19th, 2008 — , General News, P2P Lending, social data, social finance from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
In a previous blog entry, we discussed the importance of trust to the social finance industry. Specifically, what it will take to gain the trust of consumers that are leery about providing financial information to begin with, much less providing extensive bank and finance information to both the lender’s site and to a group of [...]
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Continue reading → Concerning Trust - Part 2 – Lending Information and the Social Web
May 17th, 2008 — , General News, P2P Lending, Virgin Money News, virgin money from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
This is the first of our “Social Lending Profiles” series, where we’ll bring you the latest happenings and goings-on of the top players in social finance. We’ll also be making available a review section for each company where you can post your thoughts about where they’re headed and rank how well they’re serving their customers, [...]
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Continue reading → Social Lending Profiles - Virgin Money
May 17th, 2008 — , General News, P2P Lending, prosper news, sub-prime borrowers, subprime from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
One of the controversies that I should’ve alluded to in my opening post but didn’t, was the subject of subprime borrowers; those with credit scores below 640 and whether or not p2p lending marketplace sites are embracing them as potential customers or eliminating them as targets.
Obviously, these higher risk borrowers have a higher rate of [...]
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Continue reading → Embracing Sub-prime: Yes or No? Part 1 - Preliminary Analysis
May 16th, 2008 — , General News, prosper news from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
Prosper CEO Chris Larsen recently released loan statistics for April that showed a growth in membership but only a slight growth in the amount of funded loans. In fact, while the amount of borrower listings increased by 700, the amount (in actual dollars) of loans funded actually dropped from $8.7 million to $8.5 million. This [...]
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Continue reading → Prosper Market Survey For April 2008
May 16th, 2008 — , General News, Zopa, Zopa News, trust in social lending from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
There are a number of lofty challenges facing p2p lending & other online social finance trends. One of these is the factor of trust that both lender and borrower have with not only each other, but the network facilitating the transaction. This will grow especially important as social lending looks to break more into the [...]
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Continue reading → Concerning Trust – Part One
May 15th, 2008 — , General News from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
Hi, my name’s Blair MacGregor and I want to thank you for checking out Lendoza.com.
One thing that we can get right off the bat is that I have no ties to the financial industry whatsoever. I’ve never worked in finance, nor am I employed by anyone at the major p2p lending firms. I have a [...]
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Continue reading → The Beginning - Introduction