Lending Club Halts New Lender Registrations and Referral Program Pending Filing with SEC

Lending Club today announced that it has “started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future.” Thus, it appears that Lending Club wants to create a secondary market for its loans that would allow peer-to-peer lenders who need […]

Published or Updated: February 13, 2013

A Visual Guide to Lending Money with Prosper’s New Portfolio Plans

Recently I described how I overcame my fear of P2P lending. One factor that encouraged me to dive into peer to peer lending was Prosper’s new Portfolio Plans. With these plans, you can quickly and easily select the types of loans you want to make, and then leave all of the hard work up to […]

Published or Updated: March 23, 2012

How I Overcame My Fear of Lending Money on Prosper.com

I‘ve invested in the stock market for more than 15 years. I own mutual funds that invest in junk bonds, emerging markets, micro cap stocks and other very risky investments. I’ve lived through severe market downturns like we saw in 2000-2002. I’ve watched my portfolio balance plunge, all the while holding steadfast with my investment […]

Published or Updated: August 18, 2014