Are Lending Club Loans Safe? The LC Collections Process Part 2

In Part 1, we examined the initial part of the process that Lending Club goes through when we have the occasion of a loan that does not pay on time.  We looked at the Grace Period and the Early Late period and some corresponding tips on how to manage our loan portfolios at these stages. … Read more

Are Lending Club Loans Safe? The LC Collections Process Part 1

When we invest in a portfolio of p2p loans, we expect that the loans will pay off, the borrowers will use the money responsibly, everyone makes money and its a win/win situation for all. Thankfully, most of the time, that is what happens.  However, it doesn’t always happen. Sometimes we get some non-payers or late … Read more

Stu’s Portfolio Update: More Money Invested and Loans Purchased

October has been a great month in the peer to peer lending world.  Prosper and Lending Club are seeing record volumes and returns are still very solid for us investors. As you subscribers know(Subscribe here to follow my returns), I have a total of 20 loans: 8 Prosper loans, 11 Lending Club loans and 1 … Read more

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 legal advice but you should reach out to him or comment here if you have a question or need for Jonathan’s expertise. This post is … Read more

P2P Lending Best Practices: The 1% Rule

By buying a piece of many loans, we are creating a loan portfolio for ourselves. This means we need to understand how to manage a portfolio in order to manage our loan portfolios to profitability. We have already talked about Diversification, which is the #1 thing people know and understand about portfolio management in a … Read more

Stu’s Portfolio Report: September 2013

September has come and gone. School and football has started. Let’s see how I did.  All my below information is sourced directly from my monthly statements issued by the platform.  My private loan is taken from the Amortization table that I did myself to determine principal, interest and monthly payments. Loan by Loan Breakdown   … Read more

What’s the Risk? P2B Peer to Business Lending: The Quest for Returns

by Nik Milanovic, VP of Business Development, Endurance Lending Network Endurance is now known as Funding Circle US. [As with all other expert posts here, you will find my comments in parentheses. Our field of experts continues to grow…..] Peer-to-peer lenders are finally starting to pass the “grandma test,” the tipping point for any hot … Read more

Tax Corner: Tax Questions on Peer to Peer Loans Answered by CPA

If you have wondered what part of your investment in Peer to Peer loans may be taxable, then this post is for you. I am happy to introduce the tax corner. The information in this post is provided by my friend and outstanding CPA and tax whiz, Ian Schechter.  Here are some common tax questions … Read more