Peer to Peer Lending News Roundup – February 9, 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.

The Lending Club Experiment … Four Months Later from Mr. Money Mustache – The popular personal finance blogger gives his take on his new Lending Club investment.

Diversify Your Account Like a Pro from Lending Memo – The key to successful investing with p2p lending is diversification.

Lending Club Borrower’s Revolving Credit Utilization, Loan Purpose and Defaults from Random Thoughts – More investigation of a borrower’s revolving credit utilization at Lending Club.

APPLE MOBILE BANKING SYSTEM LETS USERS BORROW MONEY FROM PEOPLE NEARBY from psfk – More details on Apple’s micro lending patent.

Four Ways to Make a Break From low CD Rates from Fox Business – Good to see p2p lending make the grade in this roundup of high yield alternatives.

Lending Club Named to Forbes’ “America’s Most Promising Companies” List for Second Consecutive Year – Press release.

Key Take-Aways from the Society One P2P Lending App from Wiseclerk – Great follow up to my recent article on Society One.

Lending Club Review: The Complete Exam of Big Red from Lending Memo – Detailed review of the world’s largest p2p lender.

My First Default With Lending Club from Your Personal Finance Pro – It happens to most of us p2p investors eventually.

Peer-To-Peer Lending – Determining The Future Of Banking Across The World from Yahoo Finance – Can the growth in p2p lending be sustained?

Lending Club – 2013 Investing Criteria from WritingYourOwnReality –  Another blogger shares details of how they invest with Lending Club.

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.

Contemplating P2P as a Business for Tax Purposes – With tax season just starting this investor wonders if there is an advantage to running your p2p investments inside a business entity.

What’s with the 2-cent Partial Payments? – discussion about these small payments and the collection practices at Lending Club.

My $25 lesson on bankruptcy – This Prosper investor wanders how borrowers can take out a loan and then declare bankruptcy two weeks later.

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Feb. 10, 2013 5:22 pm


Somewhat off topic question. First, really appreciate all of the great information you provide on here. I’ve learned so much about the P2P lending process from reading your articles and your weekly news round ups. Here’s my question: About six months ago you had posted an article discussing how every loan on lendingclub was getting funded. Do you still find that to be the case? I have an A1 grade loan currently in the funding stage with a little over 8 days left and am just over 15% funded. Your original article eased my mind a little but I’m curious if that trend still holds true. I know from reading your articles that lendingclub limits the institutional money during the first seven days of the loan listing. I’m just trying to get a grasp of what I can expect from here on out. Thanks for any insight you can give me.