Archive for January, 2008

Eric Launches LendingClubStats.com

New here? You may want to subscribe to the RSS feed or browse the site map. Thanks!Eric, of Eric’s Credit Community, today announced on his site the launch of LendingClubStats.com.
There are currently a few different chart categories including:

Loan growth rate shows great growth in the loans extended on Lending Club.
Loans by Current or Late […]

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 […]

Lending Club Posts Rejected Loan Statistics

I noticed that Lending Club is denying most loans. Since that time, Lending Club has started posting the rejected loan profiles on the statistics page. Scroll to the bottom of that page for the file. The data is missing several fields that you would use to evaluate a loan, but it is still […]

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: Are you a P2P Lender?

Are you a current P2P lender? If so, which of the following services are you using? If you are not a current P2P lender, are you considering it? If you select another P2P lending site, please mention in the comments which one. Thanks for voting.

Are you a P2P Lender? (Select up to […]

P2P Lending: Everyone is Watching

My funds arrived to Prosper Marketplace a few days ago. I planned to jump into Prosper and start carefully selecting loans for funding. I browsed a few loans, but I have cold feet.
So I opened my blog to reflect…. Why am I nervous about bidding? I had no problem lending on Lending […]

Second Peer to Peer Lending Carnival

I participated in the second peer to peer lending carnival which is hosted at Brip Blap. There were too many good submissions to decide on a favorite post in this carnival, but I will post links and comments below to a few favorites. I submitted my article on Lending Club rejecting most loan applications.
Peer-Lend […]

My First Lending Club Payments All on Time

I checked my initial Lending Club portfolio and all the first payments have arrived on time. It is a minor milestone considering that each borrower must make 35 more payments to allow me to achieve my expected return on the portfolio. It still feels good to see the money arrive.
My first Lending Club portfolio […]

PLR Interviews Fynanz CEO Chirag Chaman

Tom interviewed Chirag Chaman who is the CEO of the soon to be released new P2P lending site Fynanz which will focus on student loans. It seems like a small niche since there are already governemnt backed loans in this category and the rates are rather reasonable at banks. However, with the price […]

First Two Months Blogging P2P Lending

Thank you for reading my first two months of blogging P2P lending. During this time, I have written 37 articles on P2P lending as I have shared my experience and learnings about peer-to-peer lending.
I would like to thank all the bloggers who have linked to my posts and added me to their blog roll. […]