When I started investing in marketplace loans in 2013, it was still called peer to peer lending or p2p lending. There were also only 2 options. Professional and accredited investors have many more options for investment. Banks have gotten on board since then offering platforms of their own. For retail investors we now have more … Read more Which Type of Marketplace Lending Investor Are You? I’m #3
Seriously. I’m asking. Is p2plending dying? Returns have sucked the last couple of years for all investors, but especially us retail investors since the 2015 and 2016 vintages have performed so poorly. My own returns are 400-500 basis points lower than my returns on my 2013 and 2014 vintage loans were and I know some … Read more Is P2PLending Dying?
How much should I invest in peer to peer lending? I get this question every week and like many investment related questions, the answer is it depends. Remember, everyone’s financial situation is different and I’m not a financial advisor….. While the real answer is it depends, there are some things you should look for when … Read more How Much Should I Invest in Peer to Peer Lending?
The big two p2p lending platforms for retail investors, Lending Club and Prosper, each have a piece of news this week that we should know about. Both pieces were well covered in Crowdfund Insider with links to follow….. Prosper Securitization Earlier this year, Prosper announced a $5 billion securitization deal with numerous hedge funds and … Read more Prosper Securitization and Higher Lending Club Investor Minimums
I wish I had a quarter for everytime I’ve heard that Marketplace Lending/Peer to Peer Lending specifically, and FinTech generally are a revolution to the world of finance. Revolutions need leaders. Who would Martin Luther King have been able to look up to for examples of peaceful, effective, non-violent civil disobedience if there was no … Read more The New Face of Marketplace Lending Isn’t So New
Madden v Midland Funding Some of you may have heard about this case and that it may/might/could/is already affecting marketplace lenders. Miss Madden had a Bank of America credit card and defaulted on her payments. Midland Funding is a debt buyer and collection agency based in San Diego. Midland bought the debt of Miss Madden, … Read more Should Retail Investors Care About Madden v Midland Funding case?
I don’t often talk about borrowers although I’ve had a couple posts on the combination of investor and borrower benefits of peer lending. I have long advocated the community aspect of p2p lending as well as how we are helping a borrower while sticking it to some big institution (usually a high rate credit card … Read more Meet The Borrowers: Nick uses Prosper
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 report is based on the lending platforms themselves, you can’t have a report on the platforms without examining the industry in which they operate. This … Read more The Fitch P2P Lending Report: 5 Things They Got Right and 3 Things They Got Wrong
If you are like many of us in the p2p lending world, you have told friends and family how awesome it is and how safe an investment these loans are. Most of our friends and family don’t care or don’t realize or don’t want to realize these benefits and that’s ok, but some people actually … Read more One Cool Tip to See What Prosper Loans Got Funded
Ron Suber, president of Prosper, gave a great presentation at LendIt and here it is for you, with his permission. Here is a link to the URL to see it on Prezi: http://prezi.com/fx851yj47b_i/from-disruption-to-revolution/?utm_campaign=share&utm_medium=copy# It’s a very good look not at Prosper, but at the state of our industry especially as it pertains to … Read more Prosper President Ron Suber’s LendIt 2014 Presentation