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Roundup of Social Lending News – January 21, 2012

by Peter Renton on January 21, 2012

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.

There was plenty of news items from the UK this week but it was a pretty quiet week in the U.S. We did hear from a new blogger (at least new to p2p lending) with the unusual site name of Aiglstorfer.me – he shared his thoughts on investing in Lending Club. One of the most interesting articles of the week was the one on the Financial Times website (FT.com). The author paints a pretty dismal picture of the current state of the global financial system but sadly hits on some valid points. Don’t dwell on this article, otherwise it might spoil what will hopefully be a good weekend.

Wiseclerk (UK) - Adwords Marketing Activity of British P2P Lending Marketplaces

Nickel Steamroller - FICO vs VantageScore

FT.com (UK) - Trust no one with your money is the tragic legacy of the crisis (free registration required)

Beating Broke - Lending Club Returns Update

Mindful Money (UK) - Seeking income? Try an alternative

Lending Club Experience - Six Months and I’m Reaching A State of Peace

Aiglstorfer.me - My Experience with LendingClub

Scotsman.com (UK) - Social lending offers frustrated savers chance to see cash grow

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{ 4 comments… read them below or add one }

Dan B January 21, 2012 at 5:59 pm

Zopa now has 2% of the UK loan market? I wonder what’s included in the category for them to arrive at the 2%. Seems like a rather large number all things considered.

Reply

Peter Renton January 21, 2012 at 9:55 pm

@Dan, I have seen that 2% number bandied around a bit the last few months. I have no idea where they get that from, but I know that Zopa’s numbers are well below Lending Club. By my estimates they are doing somewhere around £10 million in new loans per month, so if that is 2% of the personal loan market then it is certainly a very small market when compared to the U.S.

Reply

Dan B January 22, 2012 at 10:35 pm

Yeah that can’t be right. Unless they mean 2% of the unsecured non-revolving personal loans market. That might be possible.

Reply

Peter Renton January 22, 2012 at 10:51 pm

@Dan, I am planning on writing a post on Zopa next month and I will see if I can get to the bottom of those claims then.

Reply

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