Comments on: Poll: Will Lending Club Survive the Quiet Period? http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/ Lending Club and Prosper.com Experience Fri, 04 Jul 2008 20:56:43 +0000 http://wordpress.org/?v=2.5.1 By: Personal Loan Portfolio http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/#comment-440 Personal Loan Portfolio Thu, 24 Apr 2008 03:46:55 +0000 http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/#comment-440 I agree that they will be able to find a bank or another institution to cover some of their expenditure on loans during this quiet period -- either directly or indirectly. In fact, I mentioned a similar alternative in the comments on the post about the <a href="http://www.personalloanportfolio.com/85/change-in-lending-club-cash-burn-rate-due-to-quiet-period/#comments" rel="nofollow">Lending Club burn rate</a>. I agree that they will be able to find a bank or another institution to cover some of their expenditure on loans during this quiet period — either directly or indirectly. In fact, I mentioned a similar alternative in the comments on the post about the Lending Club burn rate.

]]> By: Mike http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/#comment-424 Mike Tue, 15 Apr 2008 21:30:22 +0000 http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/#comment-424 The main reason I think they'll survive is that when you loan money to a person, it's now an asset. What do you do with assets? You take out loans against them. Lending Club can go to a bank and say "these people owe me money. Can I take out a loan against that?" and I'm pretty sure that they'll be able to convince at least one or two banks to let them provide the loans as collateral if LC provides some headroom for some loans to go bad (as in, they only borrow 80% of the amount locked up in loans, or something similar). The main reason I think they’ll survive is that when you loan money to a person, it’s now an asset. What do you do with assets? You take out loans against them.

Lending Club can go to a bank and say “these people owe me money. Can I take out a loan against that?” and I’m pretty sure that they’ll be able to convince at least one or two banks to let them provide the loans as collateral if LC provides some headroom for some loans to go bad (as in, they only borrow 80% of the amount locked up in loans, or something similar).

]]> By: PLP http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/#comment-423 PLP Tue, 15 Apr 2008 20:00:08 +0000 http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/#comment-423 Tom, I think they will be back too. Thanks for commenting and voting. The pool is looking rather positive for Lending Club at this point... Tom, I think they will be back too. Thanks for commenting and voting. The pool is looking rather positive for Lending Club at this point…

]]> By: Tom http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/#comment-421 Tom Tue, 15 Apr 2008 18:57:05 +0000 http://www.personalloanportfolio.com/86/poll-will-lending-club-survive-the-quiet-period/#comment-421 Yes. I predict they will be back in 4 months. Yes. I predict they will be back in 4 months.

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