Videos Archives - Lend Academy

Peer to Peer Lending Feature on Fox News

December 23, 2011 By Peter Renton 8 Comments

Earlier this week there was a short story on p2p lending on Fox News. It was focused on how small businesses are using Prosper and Lending Club to obtain loans and there was also some general discussion about the industry.

An article like this normally would just get mentioned in my Saturday news roundup but since they interviewed me for this story I wanted to share it here. My ten minute interview got cut down to an eight second sound bite – the money quote is at 1:38 in the video below. If you can’t see the video click here.

Lending Club Creates a New TV Commercial

September 16, 2011 By Peter Renton 4 Comments

Lending Club has created a new television commercial. It was produced by Marketing Architects and is targeted at bringing more borrowers on to the platform. The ad is in testing right now and has been since late August.

According to Lending Club the ad will run nationally and right now they are testing it in different markets on local news, daytime television as well as late night. The ad encourages viewers to go to this URL: www.TryLendingClub.com which takes people to a custom landing page on Lending Club’s site where they can closely track the business it generates. So far Lending Club has said simply that they are “testing TV and evaluating the performance of the ad” but they declined to elaborate more.

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How to Open a Lending Club IRA

April 5, 2011 By Peter Renton 7 Comments

I have mentioned before that I am a big fan of the Lending Club IRA. I rolled over all of my wife’s 401(k)’s and other IRA’s into Lending Club last year. Now, I am opening a new IRA in my own name. So, I thought I would create a short video and share with everybody how simple it is.

Now here are a couple of things to keep in mind if you are thinking about a Lending Club IRA:

Your paperwork and check need to received at Lending Club by April 15, 2011 to be eligible to open a 2010 IRA.
Your IRA will be “No-Fee” (as in free) if you open your account with $5,000. To maintain the “No fee” status you need to kick in more money next year to ensure your balance is above $10,000 after 12 months.
You can open a Traditional IRA, a Roth IRA or a SEP IRA.

I believe everyone, if at all possible, should use an IRA instead of a regular taxable account when investing at Lending Club. You don’t have to deal with all the hassles of working out your peer to peer lending taxes and your money grows tax free. And the process is so simple. The video is just over five minutes and the whole process from start to finish took me about ten minutes. Here’s the video. [Read more…]

Prosper.com Reviews

April 15, 2010 By Peter Renton 1 Comment

Prosper.com is the oldest and largest social lending network in the United States, with close to 1 million members originating $200 million in peer to peer loans. The company has raised $43 million in venture capital and continues to rapidly expand. Borrowers can get loans for up to $25,000 and as more lenders commit to their loan, they’ll see their rate continue to decline. Meanwhile, lenders can place as little as $25 into a single note, or invest via Prosper’s automated portfolio plans. A burgeoning secondary market also enable investors to trade notes that have already been issued.

But is it right for you? Here are some prominent Prosper.com reviews to help you to decide:

ABC World News Tonight Examines if Prosper.com is Too Good to Be True

WNBC New York Shares the Story of Mabel Ivory, Who Tried to Borrow $15,000 for her Wedding via Prosper.com

Money Talks Looks at the Risk and Returns Lenders Can Expect from Prosper.com

ABC7 San Francisco Thinks Prosper is Prospering

Borrow money at Prosper.com

Lend money at Prosper.com

Lending Club Reviews

April 13, 2010 By Peter Renton Leave a Comment

Lending Club has emerged as one of the largest peer to peer loan marketplaces in America. It promises a fast loan process and low rates to borrowers, while lenders can seek higher returns than other debt instruments and the satisfaction of helping people reduce the cost of their debt, start a business or even pay for a wedding. Since Lending Club is about people helping people, we’ve compiled some of the most insightful reviews we’ve found to help you decide if Lending Club may be right for you.