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 [...]
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Adios mi Amigos!
July 22nd, 2008 — , News, Opinion, Prosper.com, goodbye friends, kiva.org, leaving the industry, lendingclub.com, new direction from Jeff @ P2P Lenders
House of Cards?
July 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 [...]
Kiva Thoughts
July 17th, 2008 — , Opinion, help out, kiva.org, loans in need from Jeff @ P2P Lenders
As some of you may know, I am a Kiva.org lender and have been since March 2007. Recently I noticed a huge increase in the number of loans that need funding, actually, I darn call it a flood of loans. Some 622 as of this post still need help. This is a major switch from [...]
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June 6th, 2008 — , Opinion, Prosper.com, loan process sucks, third loan isn't a charm, zopa.com from Jeff @ P2P Lenders
Okay, I’m getting pretty close to pulling the plug on the whole notion of getting a loan from Prosper.com to cover our moving expenses due to the fact I just drove home to get the required documents, then drove back to work to fax them over to them; Then came home only to find that [...]
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May 23rd, 2008 — , Opinion, cd rates, help me, zopa.com from Jeff @ P2P Lenders
As you can see on the right-hand side of this post there is an ad for Zopa for our loan we used to consolidate some other debt at a lower rate (average of 13% dropped to 9.99%<). Zopa is currently the only P2P offering in the states to offer FDIC backing of lender investments in [...]
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May 19th, 2008 — , Opinion, Prosper.com, featured listings are crap, unhappy from Jeff @ P2P Lenders
Prosper.com has really screwed up on this one this morning! Now, no matter where I go to on the Prosper site it seems that there is sh!t all over the screen in the form of useless ‘Featured Listings’ which neither match my criteria or the criteria of sensible lenders. I scrolled through some of them [...]
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