• Subscribe
  • Contact Us
  • About LendIt Fintech News
  • Home
  • Menu Item
  • Menu Item
  • Menu Item
  • Menu Item

Lend Academy

LendIt Fintech News: Daily Coverage of Fintech & Online Lending


  • Editorial
  • Daily News
  • Podcast
  • Investor Forum
  • Events

Roundup of Social Lending News – May 28, 2011

May 28, 2011 By Peter Renton 5 Comments

Views: 1

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. Have a great weekend.

Mint.com – Should You Take the Plunge into Lending Club?

Lending Club  – White paper with commentary on the equity markets (PDF)

Zopa – Savers shunned by banks when looking for inflation-beating solutions for their savings (press release)

P2P Lending News – Lending Club PRIME: An Automated Way to Invest in Peer-to-Peer Lending

The Independent (UK) – Social lending: Get better returns and help small firms

Filed Under: News

Views: 1

Comments

  1. Matthew Paulson (P2P Lending News) says

    May 29, 2011 at 9:06 am

    As always, Thanks for the mention!

    Reply
  2. Dan B says

    May 29, 2011 at 8:42 pm

    Zopa’s UK default rate since its inception 6 yrs ago is 0.8% ?? That’s just outstanding.

    Reply
  3. Peter Renton says

    May 31, 2011 at 6:37 am

    @Dan, I know it quite impressive. From what I gather this isn’t an annual default rate, but a total default rate on all loans. I have no idea how they keep their default rate that low, they must have some strict underwriters. Also, their risk profile is a little different – they don’t lend to the riskier borrowers – most loans are under 10% interest (for the borrower).

    Reply
  4. Dan B says

    May 31, 2011 at 10:17 am

    I’m also guessing that all loans are made to what is equivalent to A/A- rated borrowers in the US. Still that’s a very impressive number.

    A bit off topic but I don’t think that most of us fully appreciate what a unique interest rare environment we’ve been in these last few years where individuals can get unsecured personal loans for 5-6%.

    Reply
  5. Peter Renton says

    May 31, 2011 at 11:33 am

    @Dan, I completely agree. We will look back on this time in a few years and marvel at the cheap money that was flowing around for borrowers. I am guessing after next year we will not see interest rates this low for several decades, probably ever.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Investor Intelligence

Peter Renton's Returns

Investor Forum

Lending Club Review

Prosper Review

Investor Resources

Most Popular Editorials

The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place

The 2018 Lending Club and Prosper Tax Guide

My Returns at Lending Club and Prosper

Map of Available States for Lending Club and Prosper Investors

Banks and Marketplace Lending Platforms: Ideal Partners?

Subscribe to the Podcast

Subscribe to the Lend Academy Podcast on iTunes
Subscribe to the Lend Academy Podcast
List of Podcast Episodes

Archives

Follow @LendAcademy Follow @LendIt

ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

Recent Editorials

  • LendingClub Receives Final Approval for its Acquisition of Radius Bank
  • Top 10 Fintech News Stories for the Week Ending January 16, 2021
  • Podcast 281: Sean De Clercq of Kickfurther
  • Upgrade Launches a Rewards Checking Account
  • Affirm’s IPO Takes Off Like a Rocket Ship

Copyright © 2021 · Metro Pro Theme on Genesis Framework · WordPress · Log in