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Questions tagged [peer-to-peer-lending]

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23
votes
3answers
8k views

Ask mother to pay off entire student loan, then pay her?

To avoid paying additional interest on my student loans, I want to ask my mother to pay off the entire loans with by lump sum, and then I would pay her back with interest. Are there any issues ...
-3
votes
1answer
97 views

Supplementary data for thin credit history [on hold]

I am part of a team at a startup trying to improve the way credit history is scored and calculated. We hope to improve the existing system by allowing for unconventional information that may be ...
6
votes
1answer
332 views

How is peer-to-peer lending taxed in the US?

If I make a $1000 investment in peer-to-peer lending, then are the repayments simply taxed as interest payments, similarly to interest earned in a savings account, or is there a reflection of the cost ...
1
vote
0answers
64 views

Lending club investments through a numbered company for favorable tax?

I'm part of a lending club in Canada that has just allowed corporate lending. My marginal tax bracket in Canada is 26%, so I'm trying to figure out if there is an advantage to lending through a ...
0
votes
1answer
51 views

What is Hosted Staking? [closed]

There are few ICOs are using Hosted staking as a term rather Lending. I want to understand what is this hosted staking and how it works.
2
votes
1answer
486 views

Taxation on Income from P2P Lending Platforms in India

As P2P lending platforms are very new in India, what would be the tax treatment of the income from the P2P lending platform for the lenders. As an individual, will it be added to their income and ...
2
votes
0answers
161 views

What are the disadvantages of peer-to-peer lending in a financial downturn? [closed]

Peer-to-peer lending, or crowdlending, platforms have risen in popularity in recent years, most if not all after 2008, therefore the effects of a financial downturn on peer-to-peer lending is unknown. ...
1
vote
2answers
362 views

Why would interest payment be nearly double that of principal on a LendingClub loan

A friend of mine took a loan from LendingClub last year so as to pay off some credit cards and other debt and to have just a single payment to make each month. Admittedly the interest rate offered by ...
0
votes
1answer
122 views

Should peer to peer lending be part of a diversified taxable portfolio

I'm wondering how p2p lending factors into taxable accounts. They do offer diversification outside of normal bond etfs. Are they appropriate in rounding out a diversified portfolio, or should a ...
0
votes
1answer
264 views

Update on peer-to-peer lending sites - buyback guarantee and secondary market

I read several questions about peer-to-peer lending that were asked something like 5 years ago. I just started investing in two sites (A and B from Riga, Latvia). Apparently p2p investing today 2015/...
0
votes
2answers
264 views

What is the meaning of Equal Housing Lender? Do non-banks need to display it?

I see Equal Housing Lender on websites ex p2p finance websites that do not offer mortgages, (to clarify nor are they banks) and are often not technically lenders rather than facilitators of loan ...
2
votes
1answer
187 views

Does the TOS for Lendingclub mean 10% of your net worth per note or in total?

Lendingclub's TOS requires that if you do not meet other conditions, you can only invest a maximum of $2,500 but regardless of the cap, you can't purchase notes "in an amount in excess of 10% of your ...
10
votes
5answers
777 views

What fraction of a portfolio should P2P lending comprise?

Based on what I understand, traditionally we are supposed to put 70% money in stocks and 30% money in bonds (based on individual age, I am 33 right now). I have been experimenting on P2P lending and ...
1
vote
0answers
259 views

Calculate Months Until Loan Break-Even (Lender Perspective)

I'm invested in LendingClub and I want to take a loan and be able to calculate the date that I would break even. I want to know the date when my investment (note amount) equals the total payments ...
3
votes
0answers
128 views

How is the annual ROI calculated in Peer-to-Peer Investing?

I am currently looking through the data file that is provided for export by the lending club, and I am a little confused on how you would go about calculating the ROI for an investment. Just as an ...
0
votes
1answer
157 views

Lending Club - Interest rate and interest received compared with total payments discrepancy?

I have a Loaner's Lending Club account. There seems to be a discrepancy between some of the numbers on my account (the discrepancy would be in my favor, I just want to know why they are the way they ...
2
votes
1answer
1k views

Lending Club accredited investor verification

I'm an undergraduate student with some money made from summer jobs, the few loans that I have are all subsidized so I'm not paying any interest. I'm looking to invest some of my savings into something ...
6
votes
1answer
341 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 ...
7
votes
4answers
20k 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
2k 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
2answers
425 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 ...
4
votes
1answer
274 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
3k 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?
8
votes
1answer
993 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
2k 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
391 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 have ...
4
votes
3answers
155 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
120 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
301 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. ...
5
votes
1answer
4k 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 ...
5
votes
3answers
239 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 particular,...
2
votes
1answer
141 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 ...
26
votes
7answers
2k 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 ...
18
votes
3answers
552 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?
8
votes
2answers
381 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 ...
13
votes
2answers
3k 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?