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A few months ago, I posted a poll asking readers if Lending Club would survive the quiet period. Readers believe by a large margin (31 votes to 11 votes) that Lending Club will survive the quiet period.

I hope that Lending Club will survive as is. I like the P2P lending platform that they built and so far my Lending Club P2P loans are still performing great. Although, I do have my fingers crossed on the loan that was late temporarily.

More interesting than the results are some of the comments received Read the rest of this entry »

Quick poll for your thoughts: Do you believe that Lending Club will survive the quiet period.

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Please take a minute to mention the reason(s) why or why not in the comments. Thanks.

While browsing for articles for an academic project, I decided to browse academic journals for articles on Prosper Marketplace and related interest rates. I thought someone must have published in a peer reviewed journal something on Prosper, but I did not find any existing articles outside of newspaper fluff pieces on P2P lending.

I broadened the search for other industries and the impact that the internet has made on rates. I found an article with empirical proof that the internet lowered Read the rest of this entry »

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.

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If you are considering P2P lending, sign up with Lending Club or Prosper for traditional P2P lending, Zopa for risk free CDs, or Kiva for philanthropic mico-loans.

Per the results of my recent people’s choice investment poll, I have added another $500 to my Lending Club account. The screen shot is below shows the addition and I will blog about the loans selected once the money is added to the account. I must admit that due to the income tax treatment of P2P loans and my initial review of Lending Club, I had hoped for other results. However, I put it to a vote and I will accept the results.

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Lending Club, P2P lending, poll, investment, people’s choice

Technorati Tags: Lending Club, P2P lending, poll, investment, people’s choice

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, only six votes (including one of my own) selected the S&P 500. And Zopa was even further behind in the voting with only 2 votes. As an aside, I must report that I had one Harvard Business School voter who voted for Lending Club.

Update: Can Lending Club can beat the S&P 500 with this “Thank You” bonus?

Poll results: Read the rest of this entry »

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 Zopa or skip P2P lending all together and invest in Read the rest of this entry »