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Savings Account Rates at Local Banks or Why I love P2P Loans

I am often asked why I like to utilize peer to peer lending and other related questions like “Is it risky?” The biggest reason why I am so excited about

What Types of Loans Can I Invest In on Prosper.com?

The Prosper.com loan site lists 11 different types of loans that are available. Those loans are: Debt Consolidation Home Improvement Short Term & Bridge Loans Auto & Vehicle Loans Small

BTCJam: Providing More Info but Still Falling Short

There’s quite a bit of debate in the Bitcoin Investing world about BTCJam. They are without question the largest BTC based peer lending platform and they have the most VC

Legal Corner: The Legal Basis of How Prosper and P2P Lending Works

by Jonathan Wilson, securities attorney at Taylor English Duma [Again, my comments will be in the braces otherwise this is all from our legal expert. None of this is personal

Calculating Returns: IRR or XIRR vs ROI

There’s been much debate in the blogging world for p2p lending about how to calculate returns on our loan portfolios.  Some very prominent people in our industry, including Peter Renton

How does Prosper.com rate its loans?

So let’s jump right in. How Does Prosper.com rate its loans? Prosper.com is one of the leading peer to peer lending sites on the web today. Prosper was the first

The Fitch P2P Lending Report: 5 Things They Got Right and 3 Things They Got Wrong

The Fitch ratings agency, who along with Standard & Poor’s are the 2 largest US based ratings agencies just released their first report on Peer to Peer Lending. While the

The Six Things I Learned My First Month Lending in Bitcoin

My first month investing in peer loans based in Bitcoin (BTC) has come to a close and I have learned some VERY important lessons.   Lesson 1: LC is Blind

P2P Lending Best Practices: Why Filtering by State is Nonsense

One of the things I love about p2p lending is due to the platforms being online and most of the early adopters/investors being techies means that lots of people are

4 Things I Learned By Missing LendIt 2014, #4 is most important

The biggest and best peer lending conference, LendIt 2014 took place this week in San Francisco. It was a great conference according to everyone I talked to that was there. 

3 Big News Stories in P2PLending: June 2015

This last month saw some huge news from the p2plending/marketplace lending world. I thought I would outline some of those stories, their impact and my thoughts on them here. Story 1: Goldman Sachs enters the business The New York Times posted a story about the news that huge investment bank Goldman Sachs is getting into online consumer lending. Our friends Peter, Jason, Bo and Ryan at Lend Academy did a nice piece on the coverage as well. Most banks, investment or commercial, choose to partner Click Here To Continue

Stu’s Portfolio Report: May 2015

Another month has come and gone and there have been some changes to my portfolio that I will go into more detail on further down.This is the monthly report for May where I outline my USD returns on Prosper and Lending Club and my BTC returns which have higher rates and higher defaults. A reminder, I have 2 loan portfolios on Lending Club; a regular one using my Credit methodology and a High Rate/High Yield portfolio where I use some of my methodologies but actively seek out yield the same way Click Here To Continue

What I Learned at the FinTech Global Expo

This past week, I had the pleasure to go to the 2nd Annual FinTech Global Expo (produced by Coastal Shows) in San Diego and sit on the Bitcoin panel entitled 'Beyond Bitcoin: The Block Chain Technology and its potential business applications'.  It was great fun and there was an interesting focus on small business and real estate based lending platforms. There was some great new updated information there so I thought I'd share some of what I learned. FinTech and Crowdfunding is truly Global Due Click Here To Continue

Stu’s Portfolio Report: April 2015

I have been derelict in my monthly reporting but I'm back. A couple new developments this month including: New Portfolio April saw the initiation of my Lending Club only High Rate/High Yield Portfolio. The purpose here is to use the same credit techniques I use in my regular portfolio to reduce risk but then seek the highest yields possible. This is to match the goal of many p2p lending investors who are high yield seekers. Which type of p2p investor are you? Here is my post on this from Click Here To Continue

How to Achieve Positive Returns On BitLendingClub

By now, most of you BitLendingClub lenders have gotten the email where BLC talks about adjustments made to their credit rating system and access to their Stats page. The initiation of the credit rating system has been a big help in sorting through loans on the platform and is an attempt to be more proactive in reducing defaulters. Unlike Jam, whose rating system is based almost entirely on the amount of information they have collected on you as borrower, BLC is attempting to do actual credit analysis Click Here To Continue

My Bitcoin Lending Rule #9: Keep Excellent Records

Lending in Bitcoin is very different than lending your USD or GBP out for lots of reasons. One of the most obvious differences is the newness of the platforms themselves and how their recordkeeping, or lack thereof, affects us as investors. I have 10 Rules that I use to lend my coin profitable and this is Rule #9: Keep Excellent Records. Unlike Prosper and Lending Club, who have very good to excellent recordkeeping, you will get NO help with record keeping from any of these platforms. You have Click Here To Continue

Some Highlights from LendIt 2015

The LendIt USA conference, commonly called LendIt 2015, is taking place in NYC closing today.  If you couldn't go, here are some cool highlights from the conference   Partnership between On Deck and Prosper : the strategic referral relationship between the two firms, since On Deck does business loans and Prosper does consumer loans, continues and gets more formalized into more of a partnership with joint marketing and future business line long term strategy together. Lending Club partners Click Here To Continue

What I Learned In 2 Years in P2PLending

This week marks the 2 year anniversary for this blog and my idea of presenting how a Commercial Credit professional would look at and analyze peer loans as an investment. It's been an amazing ride so far and more than 2000 of you follow me by subscribing and I couldn't thank you enough.  I have learned some valuable lessons in these last 2 years and I thought I would share some of them to mark the occasion. Massive Cooperation and Collaboration I have worked across numerous areas of finance including Click Here To Continue

The Bitcoin Investor’s Guide to Taxes

The signs of early spring are here and they include warmer weather, pollen and hay fever, putting the winter coats away, and TAXES. Bitcoin investors and lenders, especially those in the US, have some quirky laws that they have to deal with in order to stay compliant. As I talked about in a previous post, Bitcoin is taxed like property in the US. This means that we have to do the same things with Bitcoin that we do with stock and bond investments and we have to track them the same way without Click Here To Continue

BTCJam Makes 3 Big Changes

One of the fun things about following peer to peer/marketplace lending is that things are always changing. Sometimes they are good changes, sometimes they aren't. Sometimes they are just changes and we can't tell if they are good or bad either in the short or long term.  Things are changing even more and faster in the Bitcoin lending market. BTCJam has made 3 such changes that are worth noting. 5 Currencies Added to Locked Loans Just like how BitLendingClub (BLC) added the Brazilian Real to Click Here To Continue