http://www.personalloanportfolio.com Lending Club and Prosper.com Experience Sat, 11 Oct 2008 02:11:33 +0000 http://backend.userland.com/rss092 en I planned to blog in commiseration with Tom about being denied for a loan. Tom was denied for a Zopa loan and I was rejected for a GE Money Bank credit card through Amazon. GE Money Bank took 10 days to tell me that they could not verify ... http://www.personalloanportfolio.com/230/zopa-quits-us-market/ Prosper Marketplace's recent fee changes on P2P loans are further separating P2P lenders' interests from those of Prosper. Prosper is loading up more fees at the front of the loan so they will be earning a far greater percentage of their income from loan origination. Lenders, on the ... http://www.personalloanportfolio.com/222/prosper-lender-impact-fee-changes/ Loanio has continued to claim be almost available since I started blogging on P2P lending. Loanio in fact has been promising its imminent release since before I started blogging P2P lending -- back in November of 2008. For about the past year (maybe more), Loanio has been requesting you ... http://www.personalloanportfolio.com/212/loanio-launchdelayed-agai/ I regularly receive scam emails requesting large loans through my contact form on this loan related website. Most of these are probably some type of advanced fee fraud if you were to start corresponding with the individual. There are some people who take pride and joy ... http://www.personalloanportfolio.com/208/internet-lending-scams/ Question: What is the difference between my Prosper Marketplace remaining cash and a wide-angle lens for my DSLR camera? Answer: In a week, they will be one in the same so there will be no difference. I had $250 in cash in my Prosper account waiting to be loaned ... http://www.personalloanportfolio.com/187/withdrawing-cash-from-prosper/ I mentioned earlier that I had one Lending Club loan fall behind, but the loan recovered in less than 30 days. I now have one Lending Club loan more than 30 days late. I had my doubts when I bid on it because the person sounded too desperate ... http://www.personalloanportfolio.com/152/another-late-lending-club-loan/ For some time now, I have been warning about the mortgage crisis and its impact on P2P loans. The fact that Ed Mcmahon, Johnny Carson's former sidekick, is in default on his home mortgage shows just how screwed up some Americans were in their thinking about debt, the housing ... http://www.personalloanportfolio.com/157/donald-trump-buys-mcmahon-mansion/ I received a Prosper Marketplace update via email. There were several interesting items, but it the last item stood out: Legal Agreement Revisions A minor change has been made to the following legal agreements, to clarify that selling or buying a recommendation or endorsement is not allowed. Please refer to the links ... http://www.personalloanportfolio.com/168/prosper-update-loan-endorsements/ I have been fascinated with Kiva.org for sometime but have not jumped into lending on the concept yet. Part of my hesitancy is that I feel awkward about earning a return on these micro-loans for international development. I do not see them fitting with my goal of trying ... http://www.personalloanportfolio.com/137/kiva-micro-foundations-for-micro-loans/ Thank you to the blogs and forums that sent me the most traffic in the first half of the year. Also, I'd like to take a look back on the most popular posts of my p2p lending blog for the first half of the year. Top Referrers: 1) Lazy ... http://www.personalloanportfolio.com/127/top-ten-referrers-and-posts-for-the-first-half-of-2008/ According to NetBanker, Lending Club has a $500,000 per month burn rate. That is lower than my earlier estimation my estimate of the monthly cash burn rate delta due to the quiet period. As some of the commentators on my site mentioned, it seems to have been reasonably ... http://www.personalloanportfolio.com/120/lending-club-quiet-period-burn-rate-update/ Welcome to the 10th peer-to-peer lending blog carnival. There were some good submissions of a new market niche, a bonus program, two guides for borrowers, and a few P2P lending summary articles. I hope that you enjoy the articles. Wiseclerk posted about Zopa UK planning a ... http://www.personalloanportfolio.com/125/carnival-of-p2p-lending-10/