Here are some of the latest peer-to-peer lending and financial innovation stories from around the web:

  • Roundup of Social Lending News – June 9, 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 the web that I shared on Twitter this past week. The biggest news of this past week was undoubtedly the new venture capital funding at Lending Club from…
  • How it works: Debt consolidation with Prosper.com – “Debt consolidation” can sound complicated and downright confusing. But it’s really just about reducing your debt to a single monthly payment and then making a commitment to getting rid of it forever. Here’s an example:

    With Prosper.com, it’s simple.

    Apply online, at your convenience and from the comfort of your home or office.
    Pay off your…

  • Balancing Your Portfolio by Loan Term – 36/60 Month – Buying Only 60 Month Notes? Consider This… I suspect many P2P investors indiscriminately invest in 36 or 60 month loans. I know when I started out I took whatever showed up in the loan search results (literally) and didn’t pay … Continue reading →…
  • June P2P Portfolio Update – Lending Club From my last update I had mentioned my Lending Club account was expecting a a number of defaults to happen, and it has started.  My ROI has dropped about 1.8% after three new defaults.  At this point I … Continue reading →…
  • Lending Club Receives $15 Million in Funding From Kleiner Perkins – There is probably no bigger name in venture capital than Kleiner Perkins (officially known as Kleiner Perkins Caulfield Byers or KPCB). They are one of the stalwarts of Silicon Valley having invested in such household names as Amazon, Google, Compaq, Groupon and AOL. Now, they have added Lending Club to that list of companies. Today,…
  • CommunityLend Announces $3MM Private Placement – Press Release CommunityLend Announces $3MM Private Placement Tuesday, June 5, 2012 TORONTO, ONTARIO–(June 5, 2012) – CommunityLend Holdings Inc (the “Company”) is pleased to announce that effective May 31, 2012, it has closed a non-brokered private placement for a $3MM financing.  The net proceeds of the financing will be used towards advancing the company’s rapid…
  • Every P2P Loan is Getting Funded at Lending Club – It hasn’t happened since September of last year. That was the last time a loan was listed on Lending Club’s platform that did not get funded. Now, of course, not every listing becomes a successful loan. Some are removed because they fail some form of verification; others are removed by the borrower. But according to…
  • Roundup of Social Lending News – June 2, 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 the web that I shared on Twitter this past week. We had quite an interesting range of stories in this holiday shortened week. Of course, one of the…
  • Using Prosper Ratings to Diversify Your Portfolio for More Consistent Returns – In this 15-minute video, Prosper.com executives Jim Catlin, EVP of Risk, and Joseph Toms, Chief Investment Officer cover:

    Analytical insights on the performance of loans based on risk ratings (Prosper Ratings AA to HR)

    What to consider beyond the estimated return of a P2P investment

    How to use Prosper Ratings to diversify your portfolio for…