Another late loan and another withdrawal. Eagerly awaiting the end of the “quiet period.” I think competition is good for the market and at the exact moment it feels like Prosper is the loan dog (pun intended) in the p2p lending market… Zopa provides a CD and Lending Club doesn’t have lenders. Will loanio launch at finovate startup? Are there others in stealth mode waiting to launch… Now seems like the time…
Related Posts - NetBanker: Person-to-Person Lending 2.0 NetBanker has just published an online banking report: Person-to-Person Lending 2.0. He is specifically covering Prosper, Lending Club, Zopa, Virgin Money, and LoanBank. Interesting to note, he had intended to publish earlier, but news all over the p2p lending world was a regular occurrence in the 4th quarter. Prosper announced......
- 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 People-to-People Lending Market Survey San Francisco – October 9, 2007 – Prosper (www.prosper.com), America’s largest people-to-people lending marketplace, today released its September People-to-People Lending Market Survey. Prosper’s People-to-People Lending Market Survey provides key statistics and a market commentary by Chris Larsen, Chief Executive Officer and Co-Founder of Prosper. Prosper’s People-to-People Lending Market Survey......
- Lending Club Files S1 with SEC Lending Club has filed an S1 with the SEC (link to S1 filing). It looks to be similar in nature to the Prosper filed an S1 reported here on 10/30/2007. This continues the Lending Club quiet period started on 4/8/2008. Originally I had guessed 7 months to 1.5 years for......
- Renaud Laplanche, Lending Club CEO in the News Renaud Laplanche, founder and CEO of Lending Club in California recently spoke with Jackie Hyland from ABC News Money Matters about Lending Club, where borrowers with good credit can obtain personal loans from complete strangers. It was touted as providing a unique and creative way to get a loan that......
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Prosper to Provide Secondary Lending Market Today I received an email from Prosper to notify me that they are entering a quiet period, as they register with the proper securities authorities for a secondary lending market. What is a secondary lending market? It is a market where you can buy and sell loans that have already...... - Another P2P Student Lender TechCrunch has an article about a new p2p student lending site called GreenNote. In addition to facing many of the same challenges that await Fynanz, GreenNote will have additional obstacles to overcome in order to attract investors. Perhaps the biggest challenge is that the interest rate is not set by......
- 46 Israeli Companies in World Mobile Congress 2009 | Vc Cafe The Mobile World Congress 2009 will take place in Barcelona next week (Feb 16-19), under the big cloud of uncertainty that the current economic downturn presents to the mobile industry. Reports are saying that the event organizers expect a 15% decline in the number of visitors, compared to the 54,000 who visited in......
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Blogging Tips From The Devil Podcast with Scott Fox As a testament to the power of buzz marketing Dean Hunt's way, my post "Blogging Tips from the Devil" grabbed the attention of Scott Fox. Remember when I've told you about how a good linkbait piece can do all sorts of things for you? This is an example of that. ...... -
Making Extra Money With P2P Lending Peer to Peer lending is quickly becoming one of the hottest new ways to create multiple streams of income. While there is risk involved, there are various methods that can reduce the risks that individual investors face and provide protection against non-payments. If you're looking for an potential way to......
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I just took out more money as well. No use leaving it not earning interest.
I am glad (and lucky) to report that I still have not had one loan go late. Although, it is just a matter of time especially as gas prices continue to rise.
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