I started a similar topic at the P2P No Bank Forum on this subject: Lending Club Advanced Search or Investment Credit Filters

However I wanted to post here as well…  My money has not yet cleared into Lending Club, so I have been using the site and trying to find loans I would like to bid on as a test.

The LendingMatch interface is very easy to use, but I am left wanting a little more control.  For example, I would like to use my knowledge of extended credit I have built up (sometimes painfully) on Prosper (Analyzing My Late Loans) at LendingClub.  I haven’t found an easy way to find loans that meet my credit filters without browsing each and every loan and look by hand.

Anybody who is an LC user care to enlighten me…  What is the easies way to find loan that match extended credit filter(s)?

I am committed to trying LC, I am starting my investment at $500. I would like my investment to eventually be at least $1250 or to have each $25 loan account for no more than 2% of my portfolio at LC.  I am hoping to avoid the pitfalls I made at Prosper. 

Do you know the definition of expert?  Someone who has already made all the mistakes.

• 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......
• Lending Club Loan Volume Misquoted in National Newspaper I encourage all reporters to check facts. In the p2p lending space, both major US p2p lending companies provide data and this data can usually corroborate or debunk basic marketplace claims.  I was reading a recent Pittsburgh Post-Gazette article on p2p lending: The credit crunch: How did it happen and where......
• Lending Club Updates Lending Functionality A few weeks ago Rob Garcia at Lending Club announced updates to the lending account management features.  I apologize it has taken me this long to cover the update, but I have been busy at work and frankly without lenders having the ability to lend money I was lacking motivation. ......
• My 1st Lending Club Late I hate luck.  I love randomness, but I have terrible luck (perception creates reality).  I have 1 of the 4 lending club loans that are late in my portfolio.  What are the odds? 4 out of the 913 Lending Club loans are late (source lending club statistics page) and 1......
• Zopa, Lending Club, and Kiva all Score at The Webby Awards Zopa took the Webby in Financial Services (Mint was People's Choice).  On Zopa you can buy a CD and help reduce my loan without giving up any of your entitled interest (current rate 3.75%): Start Here When Buying Your CD Lending Club took the Webby in Banking / Bill Paying (Mint......

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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 filled. It seems that prettier women get more people to bid on them and their rates drop more significantly than say an average or below average looking person. 

Personally, i am turned off by good looking women when it comes to lending money on prosper.

I also think that prettier women tend (not always) to be more high maintenance which could lead to bad financial situations down the road.

thoughts?

• Propser and the Greatest Economic Crises America has Ever Faced? Prosper just released it monthly survey and it included commentary from CEO Chris Larsen.  What do you think, is this the "greatest economic crises America has ever faced"?  (For my part there is no doubt it is in my lifetime, but I don't see this getting to the level of......
• Capacity is Not a Problem with Prosper.com -- Invest 10K in 1.5 Months on Nothing but Great Loans. I have often wondered if the large lenders have any capacity problems. That is, do they ever find it hard to find loans.  I asked pensioner that very question at Prosper Days and his response was, "I moved $750,000 into Prosper in a month and a half, so I would......
• The Complete Guide To Prosper.com A new book on Prosper.com goes on sale today -- The Complete Guide To Prosper.com. I meet the author at Prosper Days and he gave me an advanced copy... I have read it and here are my thoughts... Books are a tough medium for an up and coming ever......
• Prosper.com Lender Game — Retireme99 Initial Update — 10.16% to 14.88% Retireme99 wrote his own intro: I started lending in May 2006... let the money sit for awhile to see how it worked... then got back into it more actively recently.  Looking at my results I have been happy that only two loans have gone 1+ months late.  I have another......
• Listings, Unique Bidders, Loans, Average Interest Rate, and Total Amount Lent Some of these are leading indicators and some are trailing. Do you see a pattern? Month # Listings # Unique Bidders # Loans Average Interest Rate Total Lent 11/2005  39 12  13  10.56%  $47,800 12/2005  20 17  9  7.57%  $30,887 1/2006  48 21  8  8.23%  $45,120 2/2006  832 266  75  11.45%  $457,934......

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Classic Stanford Joke…

9 out of 10 California Girls are Hot…

The 10th goes to Stanford.

with a Prosper Twist…

9 out of 10 Loans are Current…

The 10th is in your Portfolio

• Why Prosper.com is a great 3 year Rate Ladder. OK so first of all...  Everyone has heard of a a CD Ladder, right?  This is where you buy your CDs so that expire at intervals.  This ensures an average interest rate and continually available funds.  Typical CD Ladders are 1,2, or 5 years long.  Don't ask me why but......
• A Look At the Graphs and Charts from Quicken in My Prosper.com Account Last week I merged RateLadder's Quicken solution with a Solution from Adam Nash, then I followed up with a post on How Easy The Solution is to Implement and My ROI According to Quicken. Having looked a little into deeper Quicken I have found a graph I want to show:......
• Why My Emergency Fund is Not in Prosper.com Loans In a previous post I wrote about Using Prosper.com as an Emergency Fund Everybody knows you should have an emergency fund. The fund is to be tapped in times of financial stress.  However, individual requirements as to liquidity and size vary on a case by case basis.  Personally, without getting......
• 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. ......
• Update On The Deadbeat Lenders -- Prosper Responds Earlier in the week I wrote a post about the lenders and group leaders on Prosper that were also borrowers AND LATE on their loans: http://rateladder.com/2007/02/26/please-close-major-loophole-for-deadbeat-lendergroup-leaders/ Basically I was calling for the impounding of the lender funds to pay loan. Well, Prosper has responded via Prosper Andrew: Hi all,    We're......

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