P2P Lending Best Practices: Diversification

Any blog about P2P lending as an investment talks about diversification. Many of these blogs, including great blogs from different perspectives than mine that I read regularly like Lending Memo or Nickel Steamroller advocate heavy diversification. By heavy, I mean advocating a strategy of putting very small amounts like the $25 minimum or $50 across … Read more

How Does Prosper.com or Lending Club Make Money?

 This is an important question because if we want to use these lending platforms successfully, then we need for the platform to stick around. In other words, it has to make money so we can make money.  First, Prosper.com makes money on loan originations. When a loan funds through their platform, they charge an origination … Read more