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.
Credit Variables Explained – Credit Scores on Prosper from Orchard – An explanation of credit scores as well as a look into Prosper’s change to FICO and what it means for investors.
Investing in Financial Technology from Bloomberg TV (video) – Interview with long time Lending Club board member and investor in their very first funding round Dan Ciporin of Canaan Partners.
Calculating Returns: IRR or XIRR vs ROI from P2P Lending Advice – This blogger and Lending Club investor takes a different approach in calculating his returns.
Small Businesses Turn to Alternative Funding for Loans from Small Business Trends – Small businesses are starting to look online for loans and are noticing there are plenty of options today.
Prosper Strategy: 6 Investment Tips (and 1 Warning) for a Solid ROI from LendingMemo – A look at ways to maximize your returns on Prosper.
Addressing the removal of the Loan Description & Loan Details Fields from Prosper – A message from Prosper president, Aaron Vermut, about the recent changes to the borrower application process.
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.
FolioFN Sell All In-Grace-Period Loans – Whether or not Lending Club investors should put all their notes for sale as soon as they become late.
E1 Grade Loan… 6% interest!?! – It happens on both Lending Club and Prosper. Occasionally loan interest rates drop to 6%, there is a good reason for that.
Consensus question – This investor wonders if there is some kind of benchmark return for investors. As you can see from the replies expectations and returns vary widely.
