Sweet! The 1st 3 of my Lending Club loans made payments on time…
The journey may be long (3 years) but the payments in the beginning of the loan are more important for my ROI than the ones at the end. Always, good to get the first payments.
To be perfectly honest if my first $200 I put in Prosper way back when had gone late out of the gate I would certainly not still be lending in the p2p marketplace.
1st impressions are important.
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1st Ever Carnival of P2P Lending LazyMan is hosting the first ever carnival of peer-to-peer lending. Thank you Lazy for including my post (Prosper Vintage Curves From Private Data) in the rotation. Here were my favorite articles of the carnival... âCredit crisis has given social lending a friendly pat on the backâ | Economist Five Investment Prerequisites...... - RateLadder Is New Prosper Blog Editor-in-Chief I have been an enthusiastic supporter of p2p lending from my first encounter. This week I take another step in my p2p lending adventure. I am the new Editor-in-Chief of the Prosper Blog. I will occasional write content, but mostly my duties are sourcing content, editing content, moderating comments, and......
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Lending Club Bonus, Higher Interest Rates, and Website Updates Over the weekend Lending Club updated their website and raised the base interest rate 25 basis points. They have an incredible 5% bonus if you lend $5000 or more by February 3rd and a $25 bonus for new members that signup using this link. I like the new account summary...... -
Prosper Closes 100 Million is P2P Loans This is a major milestone for p2p lending... I can't wait to see what the next 100MM brings. From the marketplace data in the public xml data file (after I imported into ProProsper)... Date: Principal Closed: # Loans: # Registrations: # Lenders: # Borrowers: # Groups: # GLs: Historical Interest...... - Barron's on P2P Lending Barron's has just published an online article on p2p lending. You need to be a subscriber to read it here: At Last, a Bank of Your Own Here is a brief preview... SO YOU NEED A FEW BUCKS -- NOT DONALD TRUMP money, mind you, but a little mezzanine financing......
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A Review of My Actual Prosper Account I have mentioned in the past that I really like P2P Lending, or Person to Person Lending. I had previously talked about Prosper, when they brought back lending to New York, and most recently as an alternative source for liquid cash, but I have never given details about my...... - Lending Club Opens For Business Again Lending Club has opened for business again. They come back with a partnership from FOLIOfn. This partnership, as I understand it (and I could be wrong here), seems to have sped up their process with the SEC. It also allows them to have a secondary market - a place where......
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Are You Managing Your Debt Correctly? Although debt is a dirty word to many, the fact of the matter is that the vast majority of us are in debt in some way or another. No matter how hard we try, there are times when you simply need something and cannot afford to pay for it straight...... - 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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