Learn the Basics of Borrowing and Investing with Peer to Peer Lending

Subscribe to our weekly newsletter and get access to exclusive content plus a free copy of our ebook, “Understanding Peer to Peer Lending” (updated monthly).

Prosper Announces the Creation of Bankruptcy Remote Entity

May 16, 2012

In their latest quarterly report (Form 10-Q) just filed with the SEC Prosper shared a fascinating tidbit of information. They announced the creation of a new entity called Prosper Funding LLC. Here is the relevant piece from the 10-Q filing: In February 2012, we formed Prosper Funding LLC, a Delaware limited liability company (“PFL”). We [...]

7 comments Read the full article →

An Apples to Apples Default Rate Comparison

May 14, 2012

One of the problems with comparing default rates at Lending Club and Prosper is that you are really comparing apples with oranges. What do I mean by that? Each company has a completely different underwriting model and they grade loans differently. Does a AA-grade loan on Prosper match up with an A-grade loan on Lending Club? It [...]

28 comments Read the full article →

Roundup of Social Lending News – May 12, 2012

May 12, 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. This has been a busy week for me with the launch of my new P2P Lending Wealth System [...]

2 comments Read the full article →

The New P2P Lending Wealth System Launches

May 10, 2012

The all new P2P Lending Wealth System is now available. With over four and a half hours of video content I think it is safe to say that it is the most comprehensive training program for p2p investors ever created. Those of you who have been with me a while here will remember the first [...]

0 comments Read the full article →

Roundup of Social Lending News – May 5, 2012

May 5, 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. Probably the most important article of this week was the one on Daily Finance, the widely read site [...]

0 comments Read the full article →

This Financial Advisor is Very Bullish About P2P Lending

May 3, 2012

Brendan Ross is one of the few financial advisors who gets p2p lending. He is the principal of Ross Asset Advisors based in Los Angeles and I chatted with him recently about his practice and his p2p lending investments. An edited transcript of the interview is below. SLN: Tell me a bit about your practice. [...]

23 comments Read the full article →

Prosper and Lending Club Issue $53.7 Million in New Loans in April

April 30, 2012

The numbers keep rolling on. After posting just over $50 million in total new loans between them in March, Lending Club and Prosper continued their steady rise with $53.7 million in new loans issued in April. The growth remained very strong at Lending Club while at Prosper the growth rate has slowed down somewhat but volume [...]

5 comments Read the full article →

Roundup of Social Lending News – April 28, 2012

April 28, 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. We have many great articles here for your weekend reading. One of the most interesting articles from this [...]

2 comments Read the full article →

Lots Happening Here at the Social Lending Network

April 26, 2012

April has been a really busy month for me. I have just finished recording a brand new version of the P2P Lending Wealth System. This is my online video course covering all aspects of peer to peer lending that I first released late last year. In version 2.0 every video has been re-recorded and I [...]

4 comments Read the full article →

The Difference Between a Default and a Charge-off at Lending Club

April 24, 2012

If you have a well diversified p2p lending portfolio then defaults are annoying but they are unlikely to do too much harm. Regardless, we want to minimize them as much as possible. But what is a default exactly? It has always been a little curious to me that defaults are treated differently at Lending Club [...]

22 comments Read the full article →