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 to pay down holiday credit-card debt or get you through tax season. Besides friends and relatives, have you ever considered your peers — simpatico strangers on person-to-person lending sites like Prosper (www.prosper.com) or Lending Club (www.lendingclub.com)?
Well, if you’re less than thrilled with 4% to 6% money-market returns, person- to-person lending (P2P) provides a convenient way to — what do the big-knuckled guys call it? — put some money on the street. You can find returns as high as 17% and beyond, …
Related Posts -
BankServ powers innovative Lending Club person-to-person lending and borrowing platform BankServ powers innovative Lending Club person-to-person lending and borrowing platform  SAN FRANCISCO, 7 August, 2007 â BankServ, worldwide experts in electronic payments, today announced its part in the successful launch of Lending Club's collaborative person-to-person (P2P) lending platform. Lending Club has implemented BankServ's Magex Payment Platform, ACH reporting and...... -
Forbes (P2P Lending) and CNBC (LendingClub) This week has been a great week for p2p lending news. Forbes did an article (Banking 2.0: New Capital Connections For Entrepreneurs) and Lending Club CEO Renaud Laplanche was on Power Lunch at CNBC. I found this of interest from the Forbes article (small business loans from your local bank...... -
Prosper Ordered to Cease and Desist by SEC http://www.sec.gov/litigation/admin/2008/33-8984.pdf It appears to me that the ruling is that they have been selling unregistered securities without a license.  What does that mean for the lenders?  Doesn't the board and company officers have some personal liability too? There is some discussion at prospers.org: http://www.prospers.org/forum/prosper_order_to_cease_and_desist_by_sec-t10903.0.html No one seems sure just yet... SEC: UNITED...... -
Start Investing P2P Lending I have been investing in p2p lending on Prosper since July 06. I consider it an alternative asset class and orthgonal to the stock market. I am regularly asked if someone should invest in p2p lending... I think the answer is a loud and clear yes! But before you rush...... -
What is this site? Join me on my Prosper.com journey. Prosper.com is the person-to person lending marketplace. I find the idea interesting and am putting my money where my mouth is. Along the way there will be occasional posts on anything I see fit to discuss. First a little about me... I am 6'10" played ivy league basketball......
Related Websites -
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...... -
Monthly Passive Income Finally Breaks $3,000 Barrier! A few of my readers have emailed me asking when I'm going to post the Passive Income numbers for June. Apologies for the delay; I'm going to be starting my full-time MBA at UCLA pretty soon and I've had to look for apartments in Los Angeles so I've been pretty...... -
Sunday Money Roundup - Balmy And 60 Edition. OK, it is the middle of November, we already had our first snowfall of the season, and now it has been 60 degrees for a week straight. The weather guy even said it will probably be this way until Thanksgiving - I don't remember it ever being 60 degrees in...... -
How to use Debt to Improve Your Credit Many of us have the wrong idea when it comes to debt. After years of being told that it is a bad thing and should be avoided, most of us never want to get into the problem of having to deal with debt. Millions more are in over their heads...... -
Opportunities And Risks Of Earning On The World Wide Web Start your earning with affiliated marketing. The virtual artificial world of the Internet has already conquered me entirely. Currently I’m a real prisoner of the World Wide Web. And I can’t say that I have tons of complaints concerning this. On the contrary I’m full with sincere human satisfaction because......
- Club Windsurfing Surf Store
- North American Club Jackets Clothing Clothing, Shoes & Accessories Fishing
- Signature Club A Foundation Makeup Store
- Two Person Spas & Hot Tubs Pools & Spas Yard, Garden & Outdoor Living
- Vintage High Heels Womens Shoes
Categories:
Uncategorized
Tags:

0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment