Personal Loan Portfolio

What NOT to say in your Personal Loan Application

I have been reviewing through a large number of Lending Club loans and noticed some humorous descriptions of the reasons why people want the loan. These should serve as advice for anyone who is planning to write up a Lending Club loan application. Remember that most all lenders are investors and want their money back [...]

Lending Club IRA – Reader Polls

Since I posted that I am excited about the Lending Club IRA and plan to invest in the Lending Club IRA, I wanted to hear what your opinion is on the topic. The first question is what do you think overall of the idea of the Lending Club IRA and the second asks if you [...]

Lending Club IRA: Why it is good for your retirement

I am thrilled to hear about the new Lending Club IRA account to allow peer to peer lending in an retirement account. EntrustCAMA, part of the Entrust Group, is the account administrator. I heard of the Lending Club IRA only a few weeks ago through the comments by a beta tester on my initial review [...]

Free Kiva Gift Certificate Experiment Results

A few months ago, I gave away a few Kiva Gift Certificates — one via this blog, one via Twitter, and one via Facebook. I wanted to share with you where they went. Tom at Prosper Lending Review used the first Kiva Certificate. He selected a loan for a restaurant owner in Kabul Afghanistan: Ghalam [...]

One Year Review: My Prosper Lending Experience

It has been some time since I have opened my Prosper account. Finally, I logged on a few minutes ago to transfer out money again because I want keep my account free of cash since the SEC cease and desist order against Propser and the quiet period have increased the possibility that Prosper could fold. [...]

Prosper and Lending Club Google Advertisements

Looking at my new fascinating woopra statistics, I clicked on a few of the keywords that appear in the dashboard. I noticed that there are several advertisements (adwords) that appear in Google results related to peer-to-peer lending. So I searched on several related key terms to see what appeared in the google paid search results. [...]

Vote for Uncrunch America at Change.Org One More Time

Thanks to everyone who voted the first time to land Uncruch America in the top 10 plans at change.org. There is now a second round of voting at change.org where the top ten plans are in a runoff vote. So you need to go vote for it one more time. Here is the link: Vote [...]

Vote For P2P Lending: Crunchies and Change.Org

There are two great ways that you can support peer to peer lending with a simple mouse click. 1) Vote for Kiva.org — the micro lending site for entrepreneurs in the developing world in the Crunchies which are a major web award. Vote at the 2008 crunchies website under the category of most likely to [...]

Kiva.org Goes Wanting for Borrowers! $1 Million Loaned this week!

For Christmas I posted the free Kiva gift certificate. Tom from Prospser Lending Review redeemed it, but there are no loans open on Kiva right now for him to use the certificate. From the scrolling banner on Kiva’s site about the impact that Kiva lenders have made this week: $1,005,000.00 lent. 12,817 lenders made a [...]

Free Kiva.org Gift Certificate – Merry Christmas!

Last year MySpace Founder Chris DeWolfe gave away Kiva.org gift certificates to his employees as a Christmas presents. I noticed Tim Ferris gave away a gift certificate via Twitter. I decided to do the same but with Kiva.org the micro lending site gift certificates. I am giving away one certificate via my blog with this [...]

Discussion with a Mortgage Fraudster: How to steal $600K

This is off topic of P2P loans, but I have mentioned a few times before the danger of the housing market crisis to your peer-to-peer loan portfolio so I will post this as information to people who are interested in debt markets or the current financial crisis. . How the conversation occurred My wife is [...]

Buying Loans on Lending Club’s Secondary Market

I made a quick video demonstrating how to purchase loans on the Lending Club secondary market with FolioFN. In is very easy to purchase these — It only took a few minutes to purchase. There are a few things to keep in mind when purchasing Lending Club loans via FolioFN: You must meet certain income [...]