Roundup of Social Lending News – July 14, 2012

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.

We had two detailed p2p lending portfolio updates this week from established bloggers, Investor Junkie and Nickel Steamroller. They shared details about their returns from Lending Club and Prosper and both bloggers continue to do very well. We welcome a new blogger this week to the weekly news roundup, Prosper to Retire, who shares his experience as a Prosper investor since 2008. Finally, I want to toot my own horn briefly. An article this week in Business Insider included yours truly in the list of 15 money experts everyone should follow on Twitter. Enjoy your weekend.

Business Insider – 15 Money Experts Everyone Should Follow On Twitter

Fox 5 Atlanta (video) – What is peer-to-peer lending?

Random Thoughts – Lending Club Loan Amount and Defaults

Prosper blog – Introducing Prosper Premier

Prosper to Retire – I lost it all with P2P Lending… But Then…

Nickel Steamroller – July P2P Portfolio Update (UK) – Consumers flock to peer-to-peer finance

Investor Junkie – Prosper Review – Are They Worth A Second Look?

PR News Wire – Lending Club Wins Third Consecutive AlwaysOn Global 250 Award (press release)

Random Thoughts – Lending Club Q2 2012 Update – Credit Grade, Days to Issue, and Funded Amount

Investor Junkie – Lending Club (July 2012 Update)

This is Money (UK) – ‘Peer-to-peer’ lending means savers and borrowers get far better rates together

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Dan B
Dan B
Jul. 14, 2012 10:43 am

Hold on, you’re a money “expert”? 🙂

Dan B
Dan B
Jul. 14, 2012 6:22 pm
Reply to  Peter Renton

Oh I don’t think it’s a bit too general. Perhaps a bit extreme, outrageous, preposterous,…………….give me time, I can think of a few more words.
Bill Gross, Peter Lynch, Michael Milken (I don’t care that he went to jail), Benjamin Graham etc. are money experts.

And before anybody regurgitates or argues for Dave Ramsey or God forbid, Suze Orman……………they’re marketing experts.

Dan B
Dan B
Jul. 16, 2012 5:27 pm
Reply to  Peter Renton

Oh, a self anointed p2p expert. I get it.

Danny S
Danny S
Jul. 14, 2012 12:39 pm

Always a good source to recap the latest news on P2P lending.

And any update on Lendstats? I really hope the site returns

Jul. 16, 2012 5:29 am

– Thank you for posting my blog,, in your Roundup! Nice little boost in readers 🙂

As for LendStats being down… seeing that it may not be back anytime soon, my wife and I had a lengthly discussion this weekend about building our own version. It’s been too useful of research tool and a serious contributor to many of our income/investing strategies to leave it hanging like that.

The only difficulty I see is in the financial equations, to which we’re no expert. My developers are working up drafts of the database now, the technical side of things is covered. Anyone willing to provide some pointers or guidance on the equations necessary to build the ROI, Rate of Loss, etc. query results?

Aug. 17, 2012 6:47 am
Reply to  Peter Renton

I appreciate the methodology link to We should be within a month (give or take a couple weeks) of releasing As quirky as the name is, the inspiration actually came from Ron Pugh, VP of Technology at We had a lengthy discussion about what methods others are using to evaluate Prosper data when he referred to the huge XML export file of Prosper data as the ‘Whale File’. If you haven’t already met with the guys at Prosper this week and you run into Ron, give him a personal thanks for the name inspiration for me.

Many thanks again to you as well!
Terry P.