Comments on: Prosper and Lending Club Advice for New Lenders

By: Advice for Potential a New Peer-to-Peer Lender | Personal Loan Portfolio

Advice for Potential a New Peer-to-Peer Lender | Personal Loan Portfolio — Wed, 19 Mar 2008 04:46:54 +0000

[...] RSS feed or browse the site map. Thanks!Tom at Prosper Lending Review may have topped my compiled blogger advice for new lenders by posting advice from 11 people for someone considering peer lending. The person seeking [...]

By: Review My First Prosper Loans and Win a Book! | Personal Loan Portfolio

Review My First Prosper Loans and Win a Book! | Personal Loan Portfolio — Fri, 25 Jan 2008 03:34:21 +0000

[...] in advance for your advice on my Prosper lending — see more Prosper advice for new lenders here. If this contest goes well, I will try it again in the [...]

By: Examining the Lending Club Risk Rating Score | Personal Loan Portfolio

Examining the Lending Club Risk Rating Score | Personal Loan Portfolio — Thu, 24 Jan 2008 05:32:33 +0000

[...] score is heavily weighted towards the number of loans in the portfolio. However, my research for advice for new P2P lenders, I did learn that too many new lenders put all their eggs in a single loan which creates tremendous [...]

By: P2P Lending is Naked Finance: Everyone is Watching | Personal Loan Portfolio

Mon, 21 Jan 2008 01:11:13 +0000

[...] Even as a lender, every bid you make can be viewed Prosper statistics sites such as Lending Stats and Eric’s Credit Community. Anyone can view your return on investment and all the bad loans you extended. For example, you can see Rate Ladder’s or Lazy Man’s rate of return. Note that both have admitted some early mistakes in their lending and helped in providing advice to new P2P lenders. [...]

By: Personal Finance Blogosphere Best of 2007 | Moolanomy

Personal Finance Blogosphere Best of 2007 | Moolanomy — Tue, 15 Jan 2008 14:08:24 +0000

[...] Prosper and Lending Club Advice for New Lenders @ Personal Loan Portfolio “I received advice from the bloggers at Prosperous Land, Prosper Lending Review, Rate Ladder, Lazy Man and Money, and My Microfinance. So what advice did these bloggers have for newbie lenders?” [...]

By: First Two Months Blogging P2P Lending | Personal Loan Portfolio

First Two Months Blogging P2P Lending | Personal Loan Portfolio — Mon, 14 Jan 2008 05:08:08 +0000

[...] Bloggers also helped create the content for my most popular post to date “Advice for New Prosper and Lending Club Lenders.” [...]

By: First Peer-to-Peer Lending Carnival | Personal Loan Portfolio

First Peer-to-Peer Lending Carnival | Personal Loan Portfolio — Mon, 07 Jan 2008 03:12:18 +0000

[...] Man and Money posted the first P2P Lending Blog Carnival. I am excited that he mentioned my post on Lending Advice for New Lenders as his favorite. Despite my article being Lazy Man’s favorite, it did not make the list on [...]

By: » 1st Ever Carnival of P2P Lending

» 1st Ever Carnival of P2P Lending — Fri, 04 Jan 2008 18:37:17 +0000

[...] Prosper and Lending Club Advice for New Lenders [...]

By: Carnival of Peer-To-Peer Lending #1

Carnival of Peer-To-Peer Lending #1 — Fri, 04 Jan 2008 18:15:37 +0000

[...] My favorite article was from Personal Loan Portfolio for the article, Prosper and Lending Club Advice for New Lenders. [...]

By: Five Investment Prerequisites to P2P Lending | Personal Finance Trainer

Five Investment Prerequisites to P2P Lending | Personal Finance Trainer — Sat, 22 Dec 2007 07:08:15 +0000

[...] lending is the correct choice. UPDATE: I have made my first Lending Club Investment and collected P2P Lending advice for new lenders from several [...]

By: PLP

PLP — Thu, 20 Dec 2007 05:19:27 +0000

Some of the discussion on this newbie lending topic continues on the Prospers.org open Prosper Lending Discussion forum.

Here are a couple of choice quotes on the newbie advice post at Prospers.org:

“A lot of stupid money has been lost and my intuition is that there is a general shortage of new money coming into p—–r, which is causing those listings that are still being funded to be funded at higher rates. However, I was horrified by the Saturday Night Massacre that destroyed the old forums and am even more horrified by their current attempts to censor anything .org related. It feels like I am watching a train wreck in slow motion.”

“So my suggestion to you would be:
A) If you want to stay involved in prosper because it is interesting and loosing your $500 wouldn’t bother you too much, go ahead and invest to $500, keeping in mind that prosper is somewhere in between outright gambling and a real investment. B)… “

By: LenderBe

LenderBe — Mon, 10 Dec 2007 07:24:24 +0000

Here are a few other interesting items for new lenders:

1) The Wall of Sham which details scammers, cheaters, and deadbeats on Prosper.com. Some Prosper lenders have gone to great length to track down some of these people.

2) Fred’s Blog Fred is one of Prosper’s top lenders in terms of dollar amount loaned.