Peer to Peer Lending News Roundup – October 19, 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.

Will Peer to Peer Loans Replace Bank Loans to Small Business? from Small Business Trends – An introductory look at small business loans on Lending Club and Prosper.

Credit Variables Explained – Home Ownership from Orchard – There are major differences in home ownership between states, loan sizes and loan terms.

Interview with Prosper’s Ron Suber from Blogtalkradio – At the Crowdfunding Bootcamp conference in Las Vegas this week an interview with Prosper executive Ron Suber.

Lending Club vs. Prosper: Why Prosper Wins (For Now!) from Live The New Economy – The lack of an automated investment option at Lending Club means this blogger prefers Prosper.

China’s P2P lending market to reach USD7.8 billion in 2015 from The Asset – China has the most vibrant p2p lending market in the world with an estimated 2,000 platforms now.

Lending to small businesses down, but peer to peer lending up by £5m from Cambridge News (UK) – The headlines says it all.

With IPO In Sight, Lending Club Looks To Upend Banking Industry from Forbes – An interview with Renaud Laplanche on his drive to make Lending Club a major player in financial services.

Peer-to-Peer Lending: Follow Rule Number One from Birchmere Ventures – Taking a Warren Buffet approach to investing in p2p lending.

10 States Where Credit Card Debts Are Going Unpaid from Wall St Cheat Sheet – This is why some investors use a state selection when choosing their filters.

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.

100s of notes available again? – There has certainly been an uptick in the number of loans available on Lending Club in the past week.

Folio and IRAs – Does Lending Club allow trading with Folio? We are getting mixed reports from investors.

How to close folio account? – This investor is done using Folio.

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Dan B
Dan B
Oct. 19, 2013 11:15 am

Regarding 10 States Where Credit Card Debt Going Unpaid…………Off the top of their head, anyone knows what percentage of the current p2p market would be eliminated if one were to eliminate loans from those 10 states from consideration. I’m guesstimating over 50% & that is why investors should think twice before using such a restrictive filter. Anil, do you know the actual number??

Dan B
Dan B
Oct. 21, 2013 3:44 pm
Reply to  Peter Renton

Is that 43% going back to 2007 or is it from 2013 alone & therefore more indicative of a number going forward? Just curious, since I’ve never used a state filter. But I do agree with what you’re saying & am not questioning the merit of your inclusion of the article by any means.

Dan B
Dan B
Oct. 23, 2013 8:57 am
Reply to  Peter Renton

Thanks for looking into that. Frankly I’m surprised that number isn’t over 50% & that it has fluctuated so little over the years.