The tag has no wiki summary.

learn more… | top users | synonyms

5
votes
1answer
57 views

What's the proper way to calculate ROI per year given the ROI for a period of time?

I'm trying to figure out what would be my yearly ROI if I know my ROI for a given period of time. On May 1st, I started invested 8.82 BTC in loans on BitLendingClub and now (August 6th) I have 9.33 ...
3
votes
2answers
752 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 ...
1
vote
0answers
277 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
vote
1answer
290 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
vote
1answer
120 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 ...
2
votes
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
votes
1answer
630 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
votes
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
votes
3answers
226 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
votes
3answers
109 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
votes
3answers
97 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
vote
1answer
234 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
votes
1answer
1k 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
votes
3answers
137 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
112 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
votes
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
votes
3answers
328 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
votes
2answers
288 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 ...
9
votes
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?