Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.
There was plenty of news items from the UK this week but it was a pretty quiet week in the U.S. We did hear from a new blogger (at least new to p2p lending) with the unusual site name of Aiglstorfer.me – he shared his thoughts on investing in Lending Club. One of the most interesting articles of the week was the one on the Financial Times website (FT.com). The author paints a pretty dismal picture of the current state of the global financial system but sadly hits on some valid points. Don’t dwell on this article, otherwise it might spoil what will hopefully be a good weekend.
Wiseclerk (UK) – Adwords Marketing Activity of British P2P Lending Marketplaces
Nickel Steamroller – FICO vs VantageScore
FT.com (UK) – Trust no one with your money is the tragic legacy of the crisis (free registration required)
Beating Broke – Lending Club Returns Update
Mindful Money (UK) – Seeking income? Try an alternative
Lending Club Experience – Six Months and I’m Reaching A State of Peace
Aiglstorfer.me – My Experience with LendingClub
Scotsman.com (UK) – Social lending offers frustrated savers chance to see cash grow
Zopa now has 2% of the UK loan market? I wonder what’s included in the category for them to arrive at the 2%. Seems like a rather large number all things considered.
@Dan, I have seen that 2% number bandied around a bit the last few months. I have no idea where they get that from, but I know that Zopa’s numbers are well below Lending Club. By my estimates they are doing somewhere around £10 million in new loans per month, so if that is 2% of the personal loan market then it is certainly a very small market when compared to the U.S.
Yeah that can’t be right. Unless they mean 2% of the unsecured non-revolving personal loans market. That might be possible.
@Dan, I am planning on writing a post on Zopa next month and I will see if I can get to the bottom of those claims then.