99 posts tagged peer lending

This was too good an interview to let it slip away. Thanks to Brett Rogers who brought it to my attention that the interview had not loaded completely the first time. Here is Chris Larsen, CEO of Prosper.com talking about peer-to-peer lending and his unique knowledge of what it takes to build a web based business that attracts the masses.

I received an email touting “Opportunity to Increase Returns: The Time is Now… with a national cap rate of 36%.” Wow, could this be possible? I have been investing at Prosper.com very successfully for about 2 years now. My average return is 9.23% with an average rate of 14.98%.

As I write this it is nearly 7am and the house is unusually quiet. The baby is fast asleep in the living room, Emma is tucked in her bed and my sister is oblivious to anything around her. Thank you for all your kind well-wishes and prayers; she is doing much better.

It was a privilege to speak with Chris Larsen about Prosper, especially in light of all the news about the banking industry these days. Chris offers compelling information to explain the power and direction of peer-to-peer lending and how it benefits both the investor and the borrower and will hopefully give the credit card industry a run for their money.

Just reached the 23% funding mark - one and a half days left! RateLadder kicked off the loan listing with his review of the loan. P2P-Loans also wrote a detailed analysis of the loan listing and was very helpful in posting information on the Prosper forums.

Social Lending Connects Ordinary People 28 Apr Posted by madWAHM as Money Matters Imagine ordinary people bidding on the privilege of lending you money! Or, how about being able to lend as little as $50 while earning interest? Ever heard of people-to-people, peer-to-peer or social lending? It’s lending that connects people who need to borrow money with people who’ve got money to lend.

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Dano34, an international student attending Queens College in New York, may soon become the first person to obtain a peer to peer student loan through Fynanz. Fynanz opened their doors to borrowers and lenders one month ago.In this initial launch phase...

They talked about it on CNBC today and Sean Hackbarth of The American Mind is talking about it: Credit problems in the United States have spread to the realm of student loans. Bank of America is getting out of the private student loan business and Sallie Mae took a huge loss in the first quarter.

Initially, I wasn’t going to write about the change at Lending Club, because I didn’t want to speculate. But since I wrote about it a few times, I felt obligated to share my thought on this event to my readers. A Quick Background Lending Club is a peer-to-peer lending network where you could sign up as a lender or a borrower (or both).