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Prosper and Loanio Updates
This news is a week old, but I’ve been a little too busy to get it out. It seems like the SEC ordered a cease and desist. I have to admit that reading the legalese is not my specialty. So I don’t really know what it amounts to. If anyone wants to read it and [...]
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Prosper is Dead
Just a few hours after I received an e-mail from Lending Club announcing that they were open again, Prosper sent an e-mail saying that they were beginning their quiet period. This is just over 6 months after Lending Club entered it’s quiet period. I believe that Lending Club got out of it’s quiet period quickly [...]
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Prosper Borrowers: Buy My Endorsement For A Better Loan Rate
Note to Reader: I intended the following to be a piece of satire in the same idea of Jonathan Swift’s A Modest Proposal. Since I’ve written about 17 million words being a Prosper “fan boy”, I thought it would be fairly obvious that I wouldn’t hurt the marketplace by actually selling my endorsement. From the [...]
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Lending Club Update
While I was asleep at the wheel on Friday, Lending Club came through with an update on their quiet period. When we last left them, I declared Lending Club is Dead. I admit that I was going for a sensational headline, but I still maintain that I wasn’t irrational. When a start-up company says that [...]
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Carnival of P2P Lending #9 – Cinco de Mayo Edition
Happy Cinco de Mayo! In a few hours from now I’ll be having tacos and maybe a cerveza. I draw the line at doing a hat dance. Grab yourself some nachos and chew on these articles about P2P lending… Moolanomy spectulates why Lending Club has stopped taking new lenders. Interesting thought that “If they are [...]
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Lending Club is Dead
[Update: It looks rumors of Lending Club's death was premature. It was actually my best investment last year. You can sign up at Lending Club.] I, like many other Lending Club members, received a distressing e-mail a couple of days ago (Lending Club Reviewed). I waited until now to sort out how I feel about [...]
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Call for Articles on Peer-to-Peer Lending
The Carnival of Peer-to-Peer Lending is going to be hosted at Brip Blap in the next few days. The deadline for getting in submissions for that is today. If you are a blogger and write about peer-to-peer lending I encourage you to submit an article today.
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Prosper Update
I finally found some suitable people to lend my latest bank transfer to Prosper. I currently have about $400 invested at 19.30%. Whenever I lend out my current funds, I transfer over another $100 and try to find a couple more people. Much like laddering short and long term bonds, I should have a steady [...]
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More Prosper
This site is quickly becoming the “can I get paid fairly” and the “Prosper” blog. I didn’t intend for it to be this way, but those are the dominating financial focuses in my life right now. I did a little research in Prosper and there’s a great chart at Savage Number. It will help you [...]
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Raise Update (part 2)
The time was right for a talk with the boss man today and I have to say that the initial reaction seemed quite positive. I didn’t particularly go after any specific numbers, but I should find out tomorrow how much the gap is going to close between what I could get on the open market [...]
