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Peer to Peer Lending News Roundup – March 2, 2013

by Peter Renton on March 2, 2013

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Lending Club Loans – Defaults with Loan Age, Part I from Random Thoughts – Looking at when exactly defaults start to peak at Lending Club.

Lending Club Update #2 from 1500 Days to Freedom – This p2p investor and blogger just had his first default after almost two years.

Peer-to-Peer Lender Prosper Eyes Investors Seeking Yield from CNBC – Nice introductory article about Prosper for mainstream investors on this major media site.

Why Peer-to-Peer Lending is a Good Investment Choice from Entrepreneur – A thoughtful article on p2p lending from the popular personal finance writer JD Roth.

Lending Club Loans – Months of Payment before Default from Random Thoughts – The second article in the series analyzing loan defaults at Lending Club, looking at the number of monthly payments.

P2P Lending Woes: You Just Don’t Know Who to Trust from My Bank Tracker – This Lending Club investor is a little dismayed that he received a couple of defaults and wonders why.

Lending Club Appoints Former Visa President as Director (press release) – Lending Club rounds out their board with a senior credit card industry executive.

Tips For Borrowers Of Peer-To-Peer Lending: Insights From A P2P Investor from Financial Samurai – This Prosper investor looks at examples of good and bad borrower applications and provides some advice for prospective borrowers.

Lending: Crowdfunding gets stamp of approval from Euromoney – About crowdfunding and p2p lending but a couple of interesting tidbits including this one: LC is now one of the largest personal loan providers in the US, on a par with Wells Fargo and Discover.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

Do you invest in a loan because of touching or excellent description? – Some investors read the loan descriptions carefully while others ignore them. Thread includes some compelling loan descriptions that were eventually charged off.

What are your favorite and least favorite criteria? – Filtering the loans on the platform is what most serious p2p investors do – here investors share what they consider most important.

 Debt/Income Definition – probably not what you are thinking…. – What is included in the debt number in the debt-to-income calculation.

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