Boston Globe Covers Prosper, Zopa, Circle Lending, and Lending Club…

Need cash? Just ask

It’s getting easier to borrow money via the Internet, and not just from banks. A host of financial websites help arrange loans between friends, family members, and even total strangers.

“People have been borrowing money from each other for generations,” said Madhavi Mantha, a banking analyst at Celent LLC in Montreal. “What they’re doing is creating an infrastructure, a set of tools, to make it easier.”

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• Prosper Marketplace Auctioning Debt The Baltimore Sun is reporting the Prosper Settlement. A settlement for $1 million dollars paid to 20 different states was announced today, with Prosper Marketplace agreeing to the payout after complaints poured in claiming that the peer-to-peer lending service was selling securities that were unregistered. Prosper Marketplace is a business......
• Prosper Site Update -- Nationwide 36% Except Texas and South Dakota With a banking partner in WebBank, Prosper opens up to a nationwide audience of borrowers.  Their timing couldn't have been better.  Welcome borrowers! (Except Texas and South Dakota) Minimum instant transfer of $50 on 50% of your active loan value is now possible... In my opinion, this change greatly reduces (maybe......
• Pretty Women Bad Investments? I was reading this is the forums this morning.  It made me laugh...  Pretty women are probably the least discriminated against stereotypical group... I am relatively new to prosper. Researched alot of older loans and their success rates and also studied some of the more recent loans that have been......
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Related Websites

• Family Money Mangement - Helping Friends And Family In Financial Trouble When it comes to family money management and assisting friends and family who fall victim to the current economic crisis, most people want to help, but often have absolutely no idea what to do. 90 percent of us understand that the equation of "family + money" = "a particularly......
• Around the Personal Finance Blogosphere Instead of writing about a personal finance topic today, I am going to walk you through the personal finance blogosphere to show you some recent events and a few other things... Current Events M-Network adds a new member -- This week the M-Network invited Mrs. Micah to join our rank.......
• Would you lend money to an Ex? Recently a friend called me to ask for advice, this friend is recently divorced and things ended quasi amicably, but neither of them are/were good with money and both of them excessively spent more than they earned. Recently my friend was facing foreclosure and had to sell their home, luckily......
• Resisting Panic: A Quick Guide to Surviving The Credit Crunch A few years ago if you referenced the term "credit crunch", most people would be puzzled. Today barely a single day can pass without the phrase seeing consistent if not constant use in the newspapers and on television. The credit crunch is a crisis that is affecting numerous financial institutions......
• What To Do With a Deadbeat Relative? My friend AJ at the Guppie Life posted recently about a problem he's having with family and money: A few months ago, I loaned an older relative some money. At the time I didn’t even think of it as a loan. It was just convenience thing. She had an entirely......

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