Archive for the 'Selecting Loans' Category

Prosper.com Correlations: Late Loans and Interest Rate Caps

New here? You may want to subscribe to the RSS feed or browse the site map. Thanks!I often read that borrowers in one state or another are more likely to default on Prosper loans. I decided to investigate if there is any truth to the likelihood that some states are worse credit risks […]

Review My First Prosper Loans and Win a Book!

As I promised, I have extended some loans with Prosper (although I am not quite up to $500 yet). Since everyone can see Prosper loans and which ones I bid on — see my loans at Lending Stats — I decided to have some fun with it by holding a review contest of […]

Review of Lending Club Update: New Portfolio View, FICO Score, & More

Lending Club updated their interface today with some great improvements. They announced a few days ago in their blog that these changes were coming along with a reminder of the Lending Club 5% bonus program. Also mentioned was the number of lenders on Lending Club doubled in the last month!
But I am writing today […]

Poll Results: Investing Next $500 with Lending Club

According to the poll conducted with the readers of Personal Loan Portfolio, I am investing my next $500 with Lending Club. Lending Club won 64% of the votes (28 votes), a clear majority versus Prosper.com’s 18 percent (8 votes). Despite, my original conclusions that Lending Club is an inferior investment to the S&P 500, […]

Video of Creating a Loan Portfolio at Lending Club

Recently, I created my first loan portfolio at Lending Club. I recorded the loan portfolio creation process and decided to share it in case you have not experienced Lending Club personally. I added some narration to explain the basics of the process. The video is cropped in several places to keep it […]

Where Should I Invest My Next $500? You Decide

In honor of Prosper.com’s post mentioning the wisdom of crowds, I have decided to allow the readers of Personal Loan Portfolio to decide where I invest my next $500*. The poll is listed below…

Update: People’s Choice Poll Results and Analysis Posted.
Should I invest my next $500 in P2P loans at Prosper.com, Lending Club, or […]

Prosper and Lending Club Advice for New Lenders

Based upon my recent request, I received some useful advice from several P2P lending bloggers that I was grateful to receive before investing in my first loans with Lending Club. I am also excited to share this advice with other potential lenders. First, let me offer my own advice that I wrote on another […]

Review of My First Loans with Lending Club

I extended my first $400 worth of loans with Lending Club on Sunday night. I intended to lend $500 but could not find enough people that I wanted to extend credit at this time. I decided to give a quick report of what worked well and what could have been better about the my […]

Borrowing-to-Lend: Earn money on good credit?

As I browsed Prosper loans, I was surprised at the number of community members who would like to use their good credit score to borrow money in order to reinvest the money in other P2P loans. This is called leverage and by definition it does increase risk. Is it a strategy that is likely […]

Would you lend money to Britney Spears?

Lending money to someone can be a difficult decision. The only two items that should come to mind are the interest rate and likelihood of repayment. Income should be factored into the probability of repayment, but there is more at play than is visible in a profile on Lending Club or Prosper. Take the example […]