Archive for January, 2008

Lending Club Statistics: Denying Most Loans

New here? You may want to subscribe to the RSS feed or browse the site map. Thanks!I decided to review the statistics at Lending Club and I scrolled down past the table towards the CSV file of data. There I noticed an amazing figure — Loans Not Approved for Listing. 5,137 loans for […]

Homeowners Resorting to Arson due to Foreclosure

I heard last year about SUV owners who were upside down in their car loans resorting to arson due to high gasoline prices. Out of desperation, car owners torch (or pay $300 to a professional arsonist for the service) to collect the insurance money. There is a great quote from the article:
At the root […]

Investment in Prosper Loans - My Next $500

I started peer-to-peer lending with Lending Club for several reasons, but I will invest my next $500 with Prosper Marketplace loans lat this week due to several factors including increasing interest rates and improving collection efforts.
The recent response to the poll of where to invest my next $500 was great and I followed my promise […]

First Peer-to-Peer Lending Carnival

Lazy 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 the Official Prosper Blog coverage of the carnival.
My personal favorite blog […]