Comments on: Why I Started Lending Money With Prosper And Lending Club.

By: Prosper - Peer-to-peer lending network | Personal Finance Directory

Prosper - Peer-to-peer lending network | Personal Finance Directory — Wed, 06 Aug 2008 02:49:26 +0000

[...] Why I Started Lending Money With Prosper And Lending Club at My Two Dollars (No Ratings Yet) Loading … [...]

By: Why I Chose Not To Invest In Peer-To-Peer Lending

Why I Chose Not To Invest In Peer-To-Peer Lending — Mon, 07 Jul 2008 10:18:08 +0000

[...] wondered last year why anyone would lend on p2p – has he changed his mind? My Two Dollars gives some logical reasons for lending with Prosper and Lending Club. Rocket Finance talks about why he choose Lending Club [...]

By: David

David — Sun, 02 Mar 2008 02:25:10 +0000

I am just getting started on kiva.org, I have talked about it on my other site. Thanks for the reminder!

By: cnidog

cnidog — Sun, 02 Mar 2008 02:19:34 +0000

If you like lending on prosper.com, consider lending on kiva.org as well. Kiva.org is a site that sets up micro finance loans between you and entrepreneurs in developing countries using the same technology as prosper et al. You won’t make any money, but you will be helping an individual in a developing nation get a leg up on the development ladder..

By: The Financial Blogger | Financial Ramblings

The Financial Blogger | Financial Ramblings — Sat, 01 Mar 2008 11:01:12 +0000

[...] Why I Started Lending Money With Prosper and Lending Club by My Two [...]

By: Matt

Matt — Fri, 15 Feb 2008 02:54:36 +0000

I’ve always liked the idea of prosper but its not available to people outside of the US. As with any investment there are risks but I think they’re worth it. Good luck with your investments!

By: David

David — Thu, 14 Feb 2008 18:06:24 +0000

I agree, things could change – and that’s why I am starting small. But it is kind of fun to be able to choose who you lend money to!

By: Deamiter

Deamiter — Thu, 14 Feb 2008 17:23:25 +0000

To be fair, the same conditions that lead to lower return in money markets, will also affect default rates on loans. I too am dabbling in P2P lending, but I expect average default rates to increase as more people get laid off, more businesses go broke (especially small businesses) and as profits, and thus salaries stagnate.

Just expect default rates to rise in the next couple years. Of course, with P2P lending, you can’t just shift to another investment when the rates become unfavorable.