peer to peer lending

The Payday Loan Industry - Questions, Controversy and the Delicate Balance of Risk / Reward

November 13th, 2008 — , Payday Borrower, Payday Industry Stats, Payday Lender, cash advance, default rate, payday loan industry, peer to peer lending, subprime, yadyap from yadyap @ YadYap Peer-to-Peer Payday & Short-term Loans

Many of our colleagues have brought up great points and questions regarding YadYap and the payday loan industry in general. While we are not ready to divulge all the details behind YadYap, we hope this post will help clarify some important points.

How might an Obama/Biden administration change p2p lending?

November 7th, 2008 — , biden, loan, obama, peer to peer lending, politics, regulation from tom @ Prosper Lending Review

With the historic election of Senator Obama and Biden this week, the focus is now on what changes they will bring to the country. There are many proposed changes that might have an impact on peer to peer lending. According to change.gov, a site set u…

Renaud Laplanche, Lending Club CEO in the News

October 28th, 2008 — , 1 million dollars, Credit Crunch, Lenders, Lending Club, abc news, buyers and sellers, ceo, dramatic increase, high interest rates, interest rate, investments, jackie hyland, lending institutions, middle man, money matters, new ways, peer to peer lending, personal loans, quiet period, stock market, where borrowers from RateLadder @ Rate Ladder

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 will offer lower interest rates [...]

P2P lending companies by loan volume

October 28th, 2008 — , Boober, Countries, Finansowo, Kiva, Kokos, Lending Club, Loanland, Microplace, Monetto, MyC4, P2P Lending, Prosper, Services, Smava, Zopa, loan volume, market, market share, moneyauction, peer to peer lending, social lending, virgin money from wiseclerk @ P2P-Banking.com

P2P lending is spreading internationally. While the biggest loan volumes are generated in the US market, many p2p lending websites have been established in other international markets.
The services can be divided in three categories:

p2p lending marketplaces (e.g. Prosper, Zopa, Lending Club, Smava) - participants driven mainly by economic motives
social lending services enabling micro financing (e.g. [...]

Loanio Roundup - The Economy, Small Business, Loans, and P2P Lending

October 26th, 2008 — , Credit Crunch, P2P Lending, Small Business, banking, credit crisis, economy, international herald tribune, loanio, money, new york times, peer lending, peer to peer lending, personal finance, stock market, wall street journal from Loanio @ Loanio

Welcome to the fourth edition of Loanio’s roundup. There’s more on the peer to peer lending industry in this post with several links for small business entrepreneurs to check out as well. Browse through and make sure you’re up to date on all the financial information. Might want to grab a coffee first.
We hope the [...]

What Happened to Prosper on Lazy Man?

October 21st, 2008 — , P2P Lending, asset class, debt to income ratios, delinquencies, experian data, loans, mortgage lenders, peer to peer lending, personal finance from Lazy Man @ Lazy Man and Money

Last week, Get Rich Slick asked the question, What Happened To All The Prosper.com Blogs? Two years ago, along with RateLadder, I probably wrote about Prosper more than most personal finance bloggers. So when RichSlick asks why the blogs have seemingly gone silent, I feel that I should stand up and answer.
Here are [...]

P2P Liquidity Concerns at Prosper and Lending Club - No Problem for YadYap

October 21st, 2008 — , Peer to peer lenders, Uncategorized, ilquidity, peer to peer lending from yadyap @ Yadyap Peer-to-Peer Payday & Short-term Loans

In an online Wall Street Journal article titled “Peer-To-Peer Lenders Get Into Secondary Market” Arden Dale discusses the reasons for, and benefits of having a secondary market is association with peer-to-peer lending platforms. Here are the main take aways from the article as well as how YadYap’s system differs.

Prosper and Lending Club both saw the need [...]

Media touts p2p lending - ignores upheaval

October 21st, 2008 — , Prosper, peer to peer lending from tom @ Prosper Lending Review

The Associated Press published an article yesterday - Peer-to-peer lending — Weighing benefits and risks. Although the article was published on October 20th, it seems like it was written at least a week ago. There is no mention of Prosper’s lending…

Maneo becomes first p2p lending platform in Japan

October 17th, 2008 — , Japan, maneo, peer to peer lending from tom @ Prosper Lending Review

The past few days have been exciting for peer to peer lending - Loanio opened, Zopa closed, Lending Club emerged from their quiet period and Prosper halted lending. There is also big news overseas - Maneo launched the first peer to peer lending platfo…

Prosper is Dead

October 15th, 2008 — , Lenders, P2P Lending, Prosper, mortgages, peer to peer lending from Lazy Man @ Lazy Man and Money

Just a few hours after I received an e-mail from Lending Club announcing that they were open again, Prosper sent an e-mail saying that they were beginning their quiet period. This is just over 6 months after Lending Club entered it’s quiet period. I believe that Lending Club got out of it’s quiet [...]

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Lending Club Opens For Business Again

October 15th, 2008 — , Lenders, P2P Lending, liquidity, peer to peer lending from Lazy Man @ Lazy Man and Money

Lending Club has opened for business again. They come back with a partnership from FOLIOfn. This partnership, as I understand it (and I could be wrong here), seems to have sped up their process with the SEC. It also allows them to have a secondary market - a place where you can [...]

Prosper to Provide Secondary Lending Market

October 15th, 2008 — , Investing, peer to peer lending from WealthBoy @ WealthBoy

Today I received an email from Prosper to notify me that they are entering a quiet period, as they register with the proper securities authorities for a secondary lending market. What is a secondary lending market? It is a market where you can buy and sell loans that have already been originated. [...]

Prosper Filing Registration Statement; Enters Quiet Period

October 15th, 2008 — , P2P Lending, Prosper, Prosper Borrowers, Prosper Lenders, Site Updates, peer to peer lending, personal loans, prosper news from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Prosper has started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future.
The registration filing is a necessary step toward making the secondary lending market available to the community. This is something many of you have been asking for, and [...]

Prosper’s September 2008 Market Survey Shows Critical Need For Yadyap’s Short-term Lending Platform

October 14th, 2008 — , Payday Borrower, Payday Industry Stats, Payday Lender, Underserved Borrower, payday loan, peer to peer lending, subprime borrower, yadyap from yadyap @ Yadyap Peer-to-Peer Payday & Short-term Loans

Prosper’s September 2008 market survey shows a sharp decline in P2P subprime loans that are successfully funded.
The report also shows that peer-to-peer (P2P) lending amounts are shrinking.

It is not news to yadyap that there is a dire need for a good solution offering short-term loans to consumers who otherwise would go without the ability to get any financing, or resort to a [...]

Zopa Shuts Down US Branch

October 14th, 2008 — , Italy, Lenders, News, P2P Lending, Zopa, benefit, borrowers, credit unions, economic crisis, economy, interest rate, interest rates, loan interest, loan services, loans, marketplace, p2p, peer to peer lending, regulatory issues, regulatory restrictions, restriction, turmoil from RateLadder @ Rate Ladder

Zopa, the UK based peer to peer lending company, is shutting down their US branch due as a result of toughening conditions that are currently being experienced by the US economy. Zopa provides loan services in the UK, as well as in Italy and Japan through a pure P2P style marketplace. Borrowers would request loans, [...]

September 2008 Market Survey Results for Prosper Personal Loans

October 14th, 2008 — , Financial, Market Survey, P2P Lending, Prosper, Prosper Borrowers, Prosper Lenders, peer to peer lending, personal loans, prosper news from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Prosper, America’s largest people-to-people lending marketplace for personal loans, released results for September 2008.
Chris Larsen, discusses what role Prosper will play and what trends we are seeing in the wake of this full blown crash of the global financial system.
Market Commentary By Prosper Co-founder and Chief Executive Officer, Chris Larsen
In the midst of one of [...]

Loanio Roundup - Wall Street Crisis and the Resilient Dollar

October 12th, 2008 — , bailout, business week, economist, finance, financial crisis, financial storm, loanio, love, mccain, national economy, npr, peer to peer lending, roundup, wall street, wall street journal from Loanio @ Loanio

Welcome to the second edition of the Loanio Roundup. This edition focuses heavily on the national economy and peer-to-peer lending news. We hope you enjoy pursuing through the links below. Leave a comment and tell us what you think - we’d love to hear your views on the Wall Street Crisis and National Bailout.
The National [...]

Prosper.com Roundup - Small Business and the Economic Crisis

October 10th, 2008 — , Affordable education, Business Development, Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Personal Finance Education, Prosper, Prosper Borrowers, Prosper Lenders, Roundups, college, peer to peer lending, personal loans, prosper news, student loans from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Hello and good morning to all our readers. Welcome to another edition of the Prosper Roundup. We have lots in store for you today, including a large section for our small business entrepreneurs and for those looking to create their own start-up during this economic situation. Drop us a line when you’re through to tell [...]

Not so good news, and some great news | Zopa

October 9th, 2008 — , P2P Lending, peer to peer lending, regulation, social lending from Colin @ CommunityLend blog

It is a little sad that we see Zopa US close shop apparently following the participating Credit Unions inability to adequately fund the loans. We had always known the US Zopa was an entirely different model, with the Credit Unions being the sole lenders, and then the credit crisis came along. Nonetheless we will miss [...]

Optimal number and size of loans - other factors to consider - for diversification

October 8th, 2008 — , Lend To Others, Misc, P2P Lending, Prosper, Prosper Lenders, peer to peer lending, personal loans from Kirk Inglis @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

A common subject our community members talk about is: how many loans does a lender need to be diversified? As far as a number is concerned, based on my review of marketplace data I believe that that a minimum of 100 equal sized loans achieves effective diversification. In fact, I believe there are still diversification [...]

Lender funds have FCIC coverage

October 6th, 2008 — , Financial, Lend To Others, Misc, P2P Lending, Prosper, Prosper Lenders, peer to peer lending, prosper news, support from Prosper Bryan @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

It’s not surprising that lenders have recently been calling and emailing us to find out if their Prosper cash balances are FDIC insured. We want to take this opportunity to let our lenders know that their cash balances are, in fact, FDIC insured. Prosper is not a bank, does not take deposits, and is not [...]

Lender funds have FCIC coverage

Loanio Roundup #1- National Economy

October 5th, 2008 — , Lazy Man, asian stock market, borrowers, esignal, growth stock, investing guide, kiplinger, loanio, lots of money, market watch, money stock, national economy, new york times, news center, peer to peer lending, person to person, photo credit, roadmap, smart money, stock pickers from Loanio @ Loanio

Good morning everyone! Welcome to Loanio’s first ever roundup post. We’d like to thank the blog community for their support. You are the best press releases out there. Then lastly before we start with the links we would like to take a moment to wish everyone a splendid weekend. Take care.
The National Economy:

As Lenders [...]

Prosper Roundup – Bailouts and Business

October 4th, 2008 — , Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Personal Finance Education, Prosper, Roundups, peer to peer lending, personal loans, prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

The collection of links this week comprises a list of reads for small businesses and those looking to start a small business. Several articles discuss investors and start-up money. Browse the other categories to read about lending, banking, and stocks.
Peer-to-Peer Lending:
• Learn how P2P lending’s popularity surges over at Seo(X)Factor.
• Tiny Crunch Newswire writes Washington Mutual Bites [...]

Neighborhood Watch

October 2nd, 2008 — , P2P Lending, Prosper, Prosper Borrowers, Prosper Lenders, peer to peer lending, support from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Like any good neighbor, we need to be on the lookout for predators in the community.
Recently, a fellow community member was approached (via a Prosper Message) by a “potential lender” interested in supporting their listing. The lender requested additional information on the borrower’s business, including their website and/or yellow page link. Shortly after providing the [...]

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Need a p2p loan? Avoid Zopa

October 2nd, 2008 — , Zopa, peer to peer lending, personal loan from tom @ Prosper Lending Review

I have never considered the possibility I might be denied for a loan - yet it happened today. Only once in my life have I ever missed or been late on a payment (about four years ago I moved and the utility company didn’t forward my last bill). I pay of…

George Bailey, Where Are You?

October 1st, 2008 — , Financial, Lend To Others, P2P Lending, Prosper, peer to peer lending from Steve McDonald @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Wow, half the banks we knew and trusted last week are gone. This one bought that one, that one closed, the others merged and rest are waiting for a bailout that may never come.
“Don’t look now but there’s something funny going on over there at the bank George. I’ve really never seen one but that’s [...]

Loanio Launches!

October 1st, 2008 — , P2P Lending, co borrower, interest rates, negative interest, peer to peer lending from Lazy Man @ Lazy Man and Money

In a release so delayed that it made the latest installments of Rocky and Indiana Jones seem like nothing, Loanio has launched. If you go back to the darkest corner of your memory you may remember that Loanio announced it will be a peer-to-peer lending company intending to compete with Prosper and Lending Club. [...]

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Help Your Neighbors

September 29th, 2008 — , Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Prosper, Prosper Borrowers, Prosper Lenders, Referral Program, peer to peer lending, personal loans, prosper news from Catherine Muriel @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

As you may have read, Citigroup recently agreed to purchase Wachovia’s banking operations for about $2.1 billion in a deal brokered by federal regulators. Wachovia’s troubles are similar to those of Washington Mutual, whose assets were seized by the Federal Deposit Insurance Corporation last week and sold to JPMorgan Chase. Wachovia sold thousands of adjustable [...]

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Weekly Roundup - Bottom-Feeders and the Banking Industry

September 26th, 2008 — , Affordable education, Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Personal Finance Education, Prosper, Prosper Borrowers, Prosper Lenders, Roundups, college, peer to peer lending, personal loans, prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Welcome to this latest edition of Prosper’s Weekly Roundup. The title for this week’s roundup comes from a Forbes headline. There’s a lot going on in the news! Be sure to check out the Stocks and Banking Industry section for more information.

Peer-to-Peer Lending:
• TNL.net presents fast pace look into the History of Currency. P2P Lending is [...]

Why Portfolio Plans should be regularly updated and reviewed

September 23rd, 2008 — , Lend To Others, Misc, P2P Lending, Prosper, Prosper Lenders, peer to peer lending, support from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Prosper updates the portfolio plan templates regularly in order to reflect changing risk and interest rate conditions in the marketplace. It is important that you update your portfolio plans, as these updates include changes to bidding rates based on the most recent loss rate projections.
If plans are not updated regularly, there is a good chance [...]

Message from Chris Larsen, Prosper Co-Founder and CEO

September 22nd, 2008 — , Financial, Lend To Others, Misc, P2P Lending, Prosper, Prosper Lenders, employee, peer to peer lending from Chris Larsen @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Our global financial system is in the grips of a full blown crash – clearly now the worst since the Great Depression. Just when we think things are stabilizing, a new shock dwarfs all that came before. It’s safe now to say that the old normal will likely never return. This wasn’t caused by just [...]

Prosper Weekly Roundup

September 19th, 2008 — , Financial, P2P Lending, Prosper, Prosper Borrowers, Prosper Lenders, Roundups, peer to peer lending, prosper news from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Welcome to a new edition of the Prosper roundup. There are many stories this week to relate. The first section of this roundup is on the stock exchange and the banking industry. If you have had your head in the sand use these links as a way to dive headfirst into what’s going on in [...]

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

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 [...]

Prosper Weekly Roundup

September 12th, 2008 — , Affordable education, Business Development, Financial, Get A Loan, Lend To Others, Misc, P2P Lending, Personal Finance Education, Prosper, Prosper Borrowers, Prosper Lenders, Roundups, college, peer to peer lending, personal loans, prosper news, student loans from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Prosper roundup gets switched around! Easy to read categories are going to be our new way of organizing the roundup.
Categories may change from week to week, but overall the feel of the roundup will be the same.
Business Loans:
• SFGate posts an article this last Sunday on how right now it’s a hard time to get new [...]

I paid off my loan

September 10th, 2008 — , Get A Loan, Misc, P2P Lending, Prosper Borrowers, employee, peer to peer lending, personal loans from Andrew Martinez-Fonts @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

Last September, I took out a $10,000 home improvement loan on Prosper, to fix a leaky patio that I inherited when I bought my apartment. It was a known repair, and the leak wasn’t particularly bad, but I knew that it should be patched soon. With my annual property tax bill taking up all my [...]

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Loanio touts platinum verification and co-borrowers

September 10th, 2008 — , co-borrow, loanio, peer to peer lending, platinum verification, prosper competitor from tom @ Prosper Lending Review

After nearly a year of anticipation, Loanio’s launch appears imminent. In a email to potential users last week, Loanio announced, “In just a couple of weeks (yes, we mean it this time!), we will be done with the final touches and ready to roll out!”Loa…

Diversification

September 4th, 2008 — , Financial, Lend To Others, P2P Lending, Prosper, Prosper Lenders, peer to peer lending, prosper news from Rohit C @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

When I search through listings on Prosper, I generally look for loans from borrowers who have really taken the time to give Prosper lenders a good understanding of their financial situation and the purpose of their loan.
After I bid on a loan, I tend to feel so confident that they are trustworthy and credit worthy [...]

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The Facts of the Matter

September 2nd, 2008 — , Prosper, Prosper Borrowers, Prosper Lenders, Recent Posts, collections, peer to peer lending, personal loans, prosper news from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending

A highly unusual Prosper borrower bankruptcy case, which is of course a matter of public record, has raised questions among some members of the Prosper lender community. Therefore, we believe it is appropriate and necessary to provide factual clarity to set the record straight.
Specifically, the discussion centers on three main questions:
1) Is this a case [...]

Pertuity Coming in September?

September 2nd, 2008 — , Lenders, Site Review, benefit, borrowers, diversification,

Aggregating P2P Lending Blogs

peer to peer lending