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1answer
33 views

Are there guidelines for who you should trust for financial advice (online, peer, experts, only myself, etc)

I am new to investing and not sure where I should start and who to trust. Who do you trust for financial information? Where do you look? Do you read certain financial blogs?
3
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2answers
282 views

Is SoFi too good to be true?

I'm considering refinancing some student loans with SoFi from a variable rate of 6% (based on the LIBOR) down to a variable rate 4.16% (based on the LIBOR). The new rate, once I setup auto-pay will ...
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0answers
146 views

Track Lending Club with Quicken

I'm just starting with tracking Lending Club investments in Quicken and I am looking for some feedback on the approach that I want to take. I would prefer to hear the problem now rather later when I ...
1
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1answer
269 views

Peer to peer lending business model (i.e. Lending Club)

I am doing some research on the peer-to-peer business model. When looking at Lending Club, I was wondering what the legal framework model is for them. To be more specific, how are they set up as a ...
1
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1answer
113 views

Peer to Peer Lending in the UK

Quite a few Peer to Peer Lending sites have cropped up in the UK in the past couple of years examples being: The Funding Circle, Rate Setter, Crowd Cube etc. The yield of return from investing ones ...
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3answers
1k views

P2P lending in Maryland?

I'm interested in investment through Prosper or Lending Club, but both are not available in Maryland where I live. Is there any other alternative that I can invest quite safely?
7
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1answer
583 views

Peer to peer lending in Canada?

Is there a service similar to Lending Club in Canada or is it possible to use Lending Club without having a U.S. bank account? Edit : If you have an answer that might help with opening a U.S. account ...
12
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1answer
1k views

What are the tax implications of a LendingClub loan writeoff?

I've invested some small amount of money in LendingClub notes. I wrote about it in my blog, if anyone is interested. Overall it seems to be working great, I spread my investment over a broad variety ...
3
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3answers
216 views

Peer-to-Peer Lending (Prosper, Lending Club)

I've been debating the idea of doing peer-to-peer lending. I saw this question and am curious: What kind of success/failures have people seen from P2P lending? Some sites require their users to ...
4
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3answers
106 views

Can we compare peer-to-peer loans to savings accounts?

A common argument to get involved in peer-to-peer lending (at companies like Lending Club, Prosper, Peerform etc.) is that savings accounts have an ROI that may be even lower than inflation, thus you ...
3
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3answers
96 views

Where do I get the best interest rates on a loan?

What do you think about Peerform, Lending Club, and Prosper in relation to these other Banks, credit unions, etc.? I am looking for a debt consolidation loan and I have a decent FICO ~700.
1
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1answer
228 views

Does anyone know if P2P lending will be made available in Ohio?

I have been trying to find information as to if there are any efforts in process to make P2P lending services like LendingClub.com and Prosper.com available for use in Ohio, and haven't had much luck. ...
3
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1answer
990 views

What P2P lending services are available to Ohio residents to use, as a lender?

I live in Ohio, and Lending Club and Prosper are unavailable for me to utilise as a lender. Are other P2P services available for Ohio residents? Are there alternative but similar lending strategies ...
4
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3answers
131 views

How to diversify P2P lending accounts?

I've been interested in peer-to-peer lending for 3-4 years now since I first heard about it with Prosper.com. I've since heard about Lending Club, and this Q/A gave me a lot of insight. In ...
2
votes
1answer
108 views

Lending Club is not available to my area. Is it possible to invest via somebody else?

I live in DC and can't invest using Lending Club. My brother lives in CA and does. Is there any way to 'gift' him money or any other way to have him invest money for me? I want it to all be legal but ...
22
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7answers
1k views

Peer to Peer Lending Sites - Good Investment or Insane?

Does anyone have personal experience with lending on sites like Prosper.com? Do they have a handle yet on what the yield and default rates are? Last time I looked at it, they didn't have a ton of ...
15
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3answers
313 views

Are peer-to-peer loans viable options for savings/investing?

Now that peer-to-peer sites like Lending Club and Prosper have matured are they viable options to add to my savings/investment portfolio or should I only use them with extra cash?
7
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2answers
279 views

Compare and contrast lending services: Lending Club and Prosper?

Of these two peer-to-peer lending services, Lending Club and Prosper, which have you had a better experience with? What are the advantages and disadvantages of each? Of course, this can be a nuanced ...
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2answers
1k views

What are advantages & disadvantages of using a Peer-to-Peer lending site or network?

If I was looking to consolidate some credit card debt and wanted to use a peer to peer lending service, what things do I need to look out for?