Boston Globe Covers Prosper, Zopa, Circle Lending, and Lending Club…
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.com Lenders Unite: Where is our Interest? First of all, I love Prosper.com. It is a great idea (person-to-person lending, breaking the loan apart into smaller chucks to diversify, credit checks, etc.)... BUT, that fact that a lenders money doesn't earn interest is ridiculous. Once money (it takes 4 business days) is in Prosper.com account interest is not earned. ...... - Prosper's People-to-People Lending Market Survey SAN FRANCISCO--(BUSINESS WIRE)--Prosper (www.prosper.com), America's largest people-to-people lending marketplace, today introduced its first monthly People-to-People Lending Market Survey. Prosper's People-to-People Lending Market Survey will survey the marketplace each month to provide key statistics including: membership and loan volume statistics; marketplace returns; borrower rates; mix of prime, near prime and sub-prime......
- Prosper Lending Review -- 11 perspectives on p2p lending Prosper Lending review has an excellent new article. It combines 11 responses (including both Lending Club, Prosper, and yours truly) to a reader's question. It is well done on all front's. Here is the question asked: Reader's Question: I am in my mid-30's. I am not rich, but I am......
- Prosper com Loan Ordering Feature Request My account has 56 loans originating across 7 months. I regularly go and look at the entire list and attempt to gleam which loans need to make a payment. This task is an exercise in futility. The loans are in origination date order so at any given time there are 7......
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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......
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How to Get a Better Ranking For Your Blog Once you’ve gone to all of the trouble building your blog and writing your posts, it’s time to sit back and relax, right? No, the work is just beginning and if you want to start having people actually read what you’ve written, you’ve got to get out there and make...... - Borrowing to lend on Prosper.com I've seen a couple of listings on Prosper.com for people borrowing solely for the purpose of lending it on Prosper.com! Didn't take too long for creditworthy people to realize that they could borrow a few thousand dollars at 7% to 8% and lend it to less creditworthy individuals (according to......
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A Better Way To Lend Money To Friends & Family Lending money to friends and family can be a strain on the relationship (not to mention your finances). Seeing that you're doing well, everyone wants to hit you up for a small loan. If its a short-term thing its fine, but if you're worried about the borrowers ability to repay...... - Tips On Lending Money On Prosper 1. Don't lend money to people to get cars. Anyone with a pulse can get a loan on car. If they sell the car, wreck it or it otherwise gets repossesed, their motivation to pay off the loan will drop to nil. 2. Don't lend to people who are terminally......
- Keeping your Prosper.com money working Several people responded to my post on a Prosper.com vs ING return, in which I pitted a 4.25% online savings account return against lending the same amount at 8% on Prosper.com. The 4.25% online savings account outperformed the 8% loan over three years, because the interest in the savings account......
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