Learn To Lend

More than just Personal Loans Ben Rogers of the Filene Research Institute looks ahead to the future of peer lending in his interview with Lending Club CEO Renaud Laplanche and sees more than just basic personal loans. This doesn’t come as a surprise to many people.  Peer lending started out in the most basic format, one person lending money to another with no collateral supporting the loan. As the industry ...

What you should know if you want to be a peer-to-peer lender Lending money on sites like Prosper & Lending Club can be a great way to diversify your investments if you take the right approach managing your downside risk. Who doesn’t want to maximize returns and reduce risk, but it’s easier said than done right?  A recent article from MarketWatch offers some advice to lenders on how to go ...

Prosper, Lending Club, & Zopa right for different types of lenders You need to understand the model you're utilizing in peer-to-peer lending. They all have nuances and differences. [Mark Meyer, director of the Filene Research Institute] Depending on the level of risk you’re willing to accept and the amount of return you’re targeting for your loan, you’ll want to consider different person to person loan sites: Lending Club, only those with ...

If someone on the street asked you to borrow money, what would you want to know before lending them cash? If they don’t have the right answers, they don’t get the loan!  It’s the same case with borrowers on sites like LendingClub and Prosper, don’t lend them any money unless they’ve met all of your criteria for a borrower. Many times people asking for money on peer lending sites forget ...

Prosper competing with credit card companies and traditional banks "We're all focused on competing with the credit card companies and traditional banks" Chris Larsen - chief executive of Prosper According to Jean Garascia, a Javelin Strategy & Research analyst, between $300 million and $400 million has been borrowed through peer loans in the U.S., in comparison to the total $880 billion credit market. Renaud Laplanche, founder and chief executive of Lending Club ...