Updated Investor Reviews for Lending Club and Prosper

It has been over 18 months since I last updated our investor reviews and a lot has changed. So this month Ryan and I have spent some time updating our reviews for both Lending Club and Prosper.

Lending Club Investor Review

You can read our detailed Lending Club review here. And below you can watch the updated video review that I recorded earlier this month. If you can’t see it below here is the link to it on YouTube.

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In Depth Prosper Review

Here is our detailed Prosper review. And below you can watch the updated video review. If you can’t see it here is the link to it on YouTube.

[leadplayer_vid id=”558B52A18B8C6″]

The reviews are designed for new investors to provide one place to learn all about the respective platforms. I hope you find them useful.

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Jun. 25, 2015 4:28 am

Prosper just updated their payout platform. I’m not yet sure what is going on there but a couple of payments were reversed on my account. The part that I am not happy about is they reversed the payments (charged) my account the amount of the payment but didn’t credit their fee. In other words I just payed for someone else’s loan. I called two days ago in regards to this and supposedly it was escalated whatever that means. I would say that Prosper is not the better way to go as far as your bottom line.

Paul S
Paul S
Jul. 1, 2015 11:21 am

You are clearly disadvantaged with Prosper because the Institutional funds get the best credits.

There is an approximate 400-500 basis point disadvantage. LC is the clear choice. However, I do keep investments in both platforms because the market could shift and you need to reference your internal pricing models.