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 Investment Update: November 2012 from Brave New Life – Quarterly update on his Lending Club portfolio.
Zopa passes quarter of a billion in peer-to-peer loans from Finextra – Short press release from Zopa who passed £250 million in loans issued since inception.
Best Practices for New P2P Lending Investors from Free Money Finance – My guest post for new investors.
October, 2012 Investor Monthly Update from Prosper – Regular monthly column by Prosper Chief Investment Officer Joe Toms.
A top ten for business leaders from The Economist – Ten trends business leaders needs to watch in 2013 including #10: a reshaping of the financial system.
Do Zopa, Ratesetter & Funding Circle really pay 8% on savings? from MoneySavingExpert.com – Leading UK money blog gives a good roundup and comparison of the top UK p2p lenders.
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.
Changes in information available for notes that have been issued – Discussion about the Lending Club data and the mismatch between the historical data file and the in funding notes.
About to blacklist folioFN in my email – Active trading platform investor on Lending Club asked how to handle the large volume of email from FolioFN.
Chasing High ROIs – Successful Prosper investor wonders is he can do even better.
Regarding the UK p2p lenders article……………..it doesn’t matter how many times & in how many places I’ve read it, I still can’t get over Zopa’s obscene 0.2% default rate. It’s downright supernatural !
Indeed, it is amazing and something Zopa is very proud of. From what I gather in the early days they were super cautious and only lent money to the very best borrowers – roughly the equivalent of a FICO score of 750 or more. Even today their average borrower has a lot better credit than borrowers in the U.S. But even if you look at only A-grade borrowers on Lending Club or AA borrowers on Prosper the default rates here are well above Zopa’s.