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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

The 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

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

How does rate its loans?

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

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

Legal Corner: The Securities Act of 1934 and Peer to Peer Lending

By Jonathan Wilson, atty at Taylor English Duma In my last two posts I talked about the definition of a “security” and how that term is defined in federal securities

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. 

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

BitLendingClub adds a new Currency Locked loan

A huge announcement this morning from the Bitcoin lending platform, BitLendingClub.  They announced on their blog that they have a new currency for linked loans other than the USD. To review, USD loans used to be linked to Bitstamp and now they are linked to Bitfinex in order to lock in an exchange rate between USD and BTC for repayment.  (Disclosure: I lend on Bitfinex as well although its a little different than standard BTC peer to peer lending). This means a US based borrower can lock in Click Here To Continue

5 Reasons Why Understanding Bitcoin is not required to lend it

Bitcoin, and specifically Bitcoin (BTC) based peer lending, is a prominent topic here. A common misconception is that knowing and understanding all the technological and other underpinnings of Bitcoin's use as a medium of exchange and a currency is vitally important to lending in BTC. It isn't. In fact, it is not important at all. Here are five reasons why: We Don't Understand the Underpinnings of the USD but use it anyway The Federal Reserve regularly publishes information not just on Click Here To Continue

Stu’s Portfolio Report: January 2015

One of the biggest benefits to me personally for doing these monthly reports that I present to you is actually witnessing the changes in my returns in my loan portfolio for myself. I get to see how my Prosper, Lending Club and Bitcoin based returns vary from month to month. My Bitcoin returns in particular can vary quite greatly.  January was a terrific month for my portfolio so let's take a look. One final note, my new High Rate Portfolio did not start until February so my first report on it Click Here To Continue

Big Data in P2P Lending Don’t Be Misled Part 2

Over a year ago, I did a post about big data and peer to peer lending. Big data was all the rage in terms of creating filters for loan selection, and still is for many small investors. Everyone was slicing and dicing the data including stupid things like if FL has more defaults than other states, then don't lend to FL residents.  The 'logic' in this method means we are clearly excluding many outstanding FL borrowers. My 3 factors in this year old post of why not to be misled by big data still apply. Now Click Here To Continue

BTCJam Tightens Up the Ship With 2 New Hires

BTCJam is both the largest and the most controversial of the BTC based lending platforms. Much of the controversy surrounds trust issues in the platform. Some of Jam's shortcomings have led investors to believe that they care about posting loans and generating fees more than they care about protecting those that invest in loans on their platform. Even those like me who believe their shortcomings are due to being overwhelmed with pressure to perform for their equity investors, it is clear that Click Here To Continue

Peer to Peer Loans, How Do I Love Thee?

Since Valentine's Day is this week, I thought I would adjust popular poem "How Do I Love Thee", otherwise known as Elizabeth Barrett Browning's Sonnet 43 and apply it to our industry. Peer to Peer loans, How do I love thee? Let me count the ways. I love thee to the depth of loans and breadth of loans and height (or at least number of them now available) My interest rate goals reach, when feeling out of sight For the ends of an ideal risk/reward ratio. I love thee to the level of helping everyday Click Here To Continue