Peer-to-Peer Lending News
National Family Mortgage Announces Support of “Slash Declare” Movement
National Family Mortgage issued the following press release regarding its support of SlashDeclare, a movement aimed at creating more transparency in the financial services industry. Here’s the text of the release. OSTON, MA, Jan 24, 2012 (MARKETWIRE via COMTEX) — National Family Mortgage, America’s premier peer-to-peer lending solution for home loans between relatives, today announced [...]
Nickel Streamroller to Host P2P Lending Webinar
Michael over at Nickel Steamroller will be hosting a peer-to-peer lending webinar tomorrow night at 7:00 PM Central time. The webinar will cover the peer-to-peer lending analysis tools available on Nickel Streamroller.com. Here’s how Michael described the webinar on his site: I’ll be hosting a 45 minute webinar followed by a 30+ minute Q/A discussing [...]
This Week in Peer to Peer Lending: 1/22/2012
Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Roundup of Social Lending News – January 21, 2012 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around [...]
This Week in Peer to Peer Lending: 1/15/2012
Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Prosper Running a $1,000 Cash Giveaway – Prosper has a new promotion to start out the New Year. Just provide them with your name and email address and you will have a chance to win $1,000 cash. There is nothing [...]
Prosper Holding “Pay Off My Debt” Sweepstakes
Prosper is running yet another sweepstakes. This month, the company will give away one $1,000 prize to a contestant that enters their sweepstakes. Prosper uses sweepstakes and promotions, such as this one, to collect email addresses that can later be used for marketing purposes. Anyone interested in registering can do so at http://www.prosper.com/prm/payoffdebt.html. The deadline [...]
National Family Mortgage CEO to Speak at Conference
National Family Mortgage, a peer-to-peer mortgage lending company, CEO Timothy Burke will be speaking at the Real Estate Connect 2012 Conference in New York City, New York, on Friday, January 13, 2012. The company issued the following press release: BOSTON, MA, Jan 09, 2012 (MARKETWIRE via COMTEX) — National Family Mortgage, America’s premier peer-to-peer lending [...]
Peer-to-Peer Lending Federal Tax Guide
The new year has come and gone and now tax time is upon us. If you are a newer peer-to-peer lending investor in the United States, 2012 may mark the first time that you have to pay taxes on the money that you earned from Lending Club or Prosper. Fortunately, it’s not terribly complicated to [...]
This Week in Peer to Peer Lending: 1/8/2012
Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Taking Estimated ROI to the Next Level – I had my first defaults start to come in the last 30 days. What’s interesting about this is how the platforms calculate the ROI… to describe it in one word: ”jumpy”. [...]
Prosper Launches Updated Mobile Site
Prosper has released an updated version of its mobile website. The new version of Prosper’s mobile website allows investors to manage their account, invest in listings and add funds to their accounts. Prosper wrote the following on its blog yesterday, “We’re proud to introduce Prosper.com designed specifically for mobile phones, available now for our valued [...]
WikiLoan Now Recruiting Lenders
WikiLoan is now recruiting lenders to fund loans in their peer-to-peer lending service. The company released the following press release yesterday afternoon Los Angeles, CA, January 03, 2012 –(PR.com)– WikiLoan has announced that they have a new opportunity on their peer to peer lending site. The service is now accepting individuals to sign up as [...]
My Lending Club Performance – December 2011 Update
December was another solid month for my portfolio of Lending Club loans. My Lending Club account balance has now risen to $95,779.23 and I’m currently earning a net annualized return of 13.21%. I did not place any new money into my Lending Club account during the month of December because I made a $10,750 investment [...]
This Week in Peer to Peer Lending: 1/1/2012
Here are the latest news and headlines from P2P Lending News: Prosper and Lending Club Facilitated $40 Million in Loans in December - Prosper and Lending Club facilitated a total of $40.5 million in loans between borrowers and investors during the month of December, marking the strongest month in U.S. peer-to-peer lending history. Lending Club lead [...]
Prosper and Lending Club Facilitated $40 Million in Loans in December
Prosper and Lending Club facilitated a total of $40.5 million in loans between borrowers and investors during the month of December, marking the strongest month in U.S. peer-to-peer lending history. Lending Club lead the way, issuing $31,007,025 across 2,267 loans. This is the first month where Lending Club issued more than $1 million in loans [...]
Lending Club Waives Fees on Large Loans
Lending Club announced that it would be waiving its 1% service fee on notes associated with loans of $20,000 or more for a limited time. Lending Club explained the move on its website, “Larger loans need to attract investments more quickly than small loans in order to fund in the time available. So for a [...]
Prosper Launches ‘Fired Up’ Kindle Fire(R) Sweepstakes
Prosper is holding yet-another promotion. This time, individuals that register on Prosper’s website will be entered to win a new Amazon Kindle Fire. This effort, along with Prosper‘s previous sweepstakes, is a move by Prosper to add new subscribers to their their email marketing distribution list. Here’s the text of the press release: SAN FRANCISCO, [...]
A New Year’s Resolution for my Peer-to-Peer Lending Investments
2011 marked the first year that I seriously put any amount of money into my peer-to-peer lending investments. I now have about $105,000 invested between my Lending Club and Prosper accounts. The bulk of that is currently in my Lending Club account, but I anticipating growing my Prosper account throughout the course of 2012. Ultimately, [...]
This Week in Peer to Peer Lending: 12/26/2011
Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Roundup of Social Lending News – December 24, 2011 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around [...]
Zopa Italy Rebrands as Smartika
Zopa and Zopa Italy have ended the franchise agreement which allowed Zopa Italy to use the Zopa branding. As a result, Zopa’s Italy operations will be rebranding under the name Smartika.IT. Smartika CEO Maurizio Sella recently made the following announcement about the name change (this is a rough translation from the original Italian): The franchise [...]
Prosper Pitches Peer-to-Peer Loans as Affordable Alternative to Credit Card Debt
Prosper issued the following press release this morning stating that peer-to-peer loans can serve as a debt consolidation tool to cut the interest rates that borrowers are paying on high-interest credit card debt. Here’s the release: San Francisco – December 20, 2011 – This year, the average consumer will spend $704[i] on holiday related purchases. [...]
This Week in Peer to Peer Lending: 12/19/2011
Here are some of the latest peer-to-peer lending and financial innovation stories from around the web: Roundup of Social Lending News – December 17, 2011 – Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around [...]
Hi Fico,
It's not as mysterious as you might think. We actually have this addressed in our help section and ...
I had a question about Prosper. I'm a new lender and I noticed it sometimes takes a long time (> ...
That's what I figured too. Just looking for confirmation from someone who has done it before. 