Social Lending

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Peer to peer lending (p2p lending or social lending) describes a new financing model that occurs directly between individual borrowers and lenders. Through p2p websites, lenders and borrowers are able to facilitate loans without the need for a financial institution to act as an intermediary. To date, more than $500,000,000.00 in loan orignations have been reported by peer lending websites.

P2P lending has grown in popularity and is quickly becoming a mainstream tool to borrow and lend money. The leaders in the industry include companies such as LendingClub, Prosper, Virgin Money, and Zopa. On this page you’ll find links to the latest news and analysis for the social lending industry. I am also an investor in loans with LendingClub and Prosper, and regularly share my lending experiences here.

To get started, here are some articles and tools you may find helpful as you explore the peer to peer lending option as a borrower, lender, or even both:

An Interview with LendingClub’s Rob Garcia

How to Buy and Sell Loans on LendingClub’s New Trading Platform

LendingClub Files Amended S-1 and Discloses Changes to How it Sets Interest Rates

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

Prosper vs. Lending Club SmackDown–Who has the best interest rates?

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

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

Published or Updated: March 30, 2012