November 3rd, 2008 — , Lendingclub, lendingclub.com, note trading platform from wiseclerk @ P2P-Banking.com
Found this today. Someone using Lending Club’s new Note Trading Platform seems to speculate that a bulk buyer of notes might overlook the added zero in the value?
Retrieved Nov. 3rd, 2008 - some columns have been removed to allow better overview.
Related StoresContinue reading → Hoping for a quick gain on Lending Club trades?
October 29th, 2008 — , Lendingclub, Video, interview, lendingclub.com, media, renaud laplanche from wiseclerk @ P2P-Banking.com
ABC interviewed Renauld Laplanche of Lending Club on ABC Money Matters. Laplanche says in the last 10 days over 1 million US$ in loans were funded and states that the default rate has been lower than 2% over the last 18 months. Watch the video.
Related StoresContinue reading → Video interview with Renaud Laplanche, CEO of Lending Club
October 15th, 2008 — , Lendingclub, US, Uncategorized, lendingclub.com, note trading platform, secondary market from wiseclerk @ P2P-Banking.com
A day after the start of the secondary market (see: “Lending Club allows lenders to trade their investments“) of Lendingclub.com, today 3 loans are offered for sale. I doubt that these Lendingclub loans will find a buyer, since they are all more then 60 days late and the discounts of the asking price versus the [...]
Related StoresContinue reading → First loans for sale on Lending Club’s Note Trading Platform
October 14th, 2008 — , Lendingclub, US, foliofn, lendingclub.com, liquidity, note trading platform, notes, secondary market from wiseclerk @ P2P-Banking.com
Lendingclub.com has introduced a secondary market for lenders. This is a major step, because one disadvantage for lenders in p2p lending was the lack of liquidity. Once the money was lend it was tied up (apart from repayments) until the end of the loan term (typically 36 months and more).
Through it’s secondary market - called [...]
Continue reading → Lending Club allows lenders to trade their investments
October 14th, 2008 — , Lenders, Lendingclub, US, financial suitability standards, investment limits, investors, lendingclub.com from wiseclerk @ P2P-Banking.com
As reported in the previous post, Lendingclub.com is open for new lenders. However lenders have to meet two requirements:
Resident in one of 15 approved states:
The Notes are presently being offered and sold solely to residents of the states of Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Louisiana, Minnesota, Mississippi, Montana, New York, Rhode Island, [...]
Continue reading → Lending Club - requirements for new lenders
October 14th, 2008 — , Lendingclub, US, lendingclub.com, quiet period, sec from wiseclerk @ P2P-Banking.com
P2P lending service Lendingclub.com, which was in a quite period not accepting new lenders and bids from existing lenders, today announced that it completed it’s SEC registration. LendingClub is now resuming it’s full p2p lending service and again accepting new lenders.
See: Lending Club completes $600 million SEC filing
More to follow…
Continue reading → Breaking news: Lending Club out of quiet period - accepts new lenders again
July 22nd, 2008 — , News, Opinion, Prosper.com, goodbye friends, kiva.org, leaving the industry, lendingclub.com, new direction from Jeff @ P2P Lenders
Lately I’ve been at a loss for words on the peer lending industry and it’s overall behavior/attitude towards it’s clients. From Prosper.com’s complete ignorance to Lending Club’s quiet period (which still make little sense to me) I feel so anxious, frustrated and annoyed with all of the things I see and hope for not connecting [...]
Related StoresJuly 18th, 2008 — , Opinion, Prosper.com, demise, lendingclub.com, portfolio update, tired of being nice from Jeff @ P2P Lenders
OPINION PIECE… Caution is advised as these are my own thoughts and observations!
Lately I’ve been thinking about Lending Club and wishing it were back up and running. Since my start with the LC back in November I have had four loans pay off and one default (I believe it was doomed from the start, but [...]
July 11th, 2008 — , Lendingclub, US, account management, feature, lendingclub.com from wiseclerk @ P2P-Banking.com
Lendingclub.com has in a new release some new account management features for lenders.
Lendingclub is currently not open for registration of new lenders.
Continue reading → Lending Club with new features in lender accounts
June 20th, 2008 — , News, lending soon?, lendingclub.com, sec filing from Jeff @ P2P Lenders
SEC filing is complete… Wait is hopefully nearing an end?
“Lending Club Files Registration Statement with the SEC
SUNNYVALE, CA - June 20, 2008 – Lending Club announced today that it has filed a registration statement with the Securities and Exchange Commission under the Securities Act of 1933 relating to its social lending platform.
The registration statement seeks [...]
Related StoresJune 13th, 2008 — , News, lendingclub.com, mimes are cool, webby from Jeff @ P2P Lenders
And the award goes to… The LendingClub.com Mimes! Seriously though, good job on the Webby guys!
Related StoresJune 2nd, 2008 — , News, Prosper.com, charlotte, credit improved, lendingclub.com, loan, north carolina from Jeff @ P2P Lenders
I was poking around the listing creator at Prosper.com to look into a loan to cover our relocation costs (the items not covered by the company sponsoring our move to the area) and found out that my once ‘horrid’ credit has improved without much notice from me. In the Prosper scheme of things my credit [...]
Related StoresApril 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 StoresApril 2nd, 2008 — , News, Update, competition for business, help, lendingclub.com, loan listing, tax bill from Jeff
Today has been one of those days you wish wouldn’t come around again for a longggg time. Today, LendingClub.com, by accident (?, I really don’t want to know as it may taint my opinion), removed my wife’s listing, which put us in a bit of a pickle with timing on the tax payment, which is, [...]
Related StoresMarch 26th, 2008 — , Update, lendingclub.com, loan performance, service, status from Jeff
It is hard to believe it’s been over four months since I joined Lending Club! We now have 168 loans totaling $4,070.57, earning 12.28% or a monthly repayment rate of $139.23. The interesting thing of note from the time we’ve been with Lending Club is that we have 168 and only two loans are late [...]
Related StoresJanuary 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
January 26th, 2008 — Lending Club, Retirement, Update, lendingclub.com, stocks, sub-prime from Jeff & Heather @ My Microfinance
We have crossed the $2,000 threshold in our Lending Club account as of yesterday which puts us on course for our goal of $10,000 by the end of the year. A few things on my mind… The tax rebate situation in Congress is getting a little dicey as the Dems are pushing to add benefits [...]
Related StoresContinue reading → And now for something completely different…
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 [...]
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
