New Lending Startups Use Instant Data Science To Judge Your Creditworthiness

From www.nytimes.com - When bankers of the future decide whether to make a loan, they may look to see if potential customers use only capital letters when filling out forms, or at the amount of time they spend online reading terms and conditions — and not so much at credit history. These signals about behavior […]

Lendit Conference: Closing Keynote by Prosper's Ron Suber [Video]

Well, here's another reason for me to be upset that I missed the LendIt conference in New York this year. The LendIt conference hosted by Peter Renton of Lend Academy was a huge hit. The excitement was bubbling over in the speakers and the bright future of peer-to-peer lending was being celebrated and plans for […]

LendIt USA Conference 2015 Video

The Lendit USA conference was a huge success, boasting over 2000 attendees. The video below has over 4 hours of eye-opening interviews that highlight the bright future of P2P lending in the U.S. and abroad. There were a ton of featured speakers from various Peer-to-Peer lending platforms, including: Renaud Laplanche (Founder & CEO of LendingClub), […]

Franchise Lending: ApplePie Capital CEO Feels Confident About The Promising Crowdfunding Niche

From www.nrn.com - Sophisticated investors — or investors who are deemed to have sufficient investing experience to weigh the risks of an investing opportunity, based on federal standards — can then invest at least $1,000 to purchase fractional shares to fund a loan. The loans can be attractive investments, Thomas said, because they provide a […]

Prosper MarketPlace #61 On Forbes "America's Most Promising Companies" List

From www.forbes.com - Prosper Marketplace is a peer-to-peer lending platform that connects borrowers and investors, with over $ 2 billion in loan origination. CEO Aaron Vermut joined the company in early 2013 along with the investment from Sequoia Capital. More than 90% of the company’s employees invest in the platform. In 2015, the company will […]

Comparing Dealstruck & Funding Circle For Your Small Business Loan Needs

From www.nerdwallet.com - Getting a bank loan for your small business is a slow, difficult task. Traditional bank loans typically require borrowers to have a high credit score, strong cash flow and be in business for at least two years, and even if you get approved for such a loan, you’ll have to wait several […]

Bankers Create MyBestEgg.com To Compete In Booming Alternate Lending Market

From www.bloomberg.com - (Bloomberg) -- It took LendingClub Corp. five years to arrange $200 million of consumer loans in a quarter. A group of former Barclays Plc bankers just reached the milestone in 10 months. Marlette Funding LLC, started by ex-employees from a Barclays credit-card unit, said in a statement that it arranged more than […]

Comparing Peer-To-Peer Lending Companies - OnDeck Capital VS Lending Club

From www.valuewalk.com - Ondeck Capital and Lending Club offer online alternative to traditional bank lending, but the business models of the alternative lenders are substantially different, according to the analysts. Palmer and Bologna said Lending Club does not take credit risk while OnDeck Capital takes risk—the most obvious difference between the two alternative lenders. Avant […]

7 Rules For Lending & Loaning From P2P Platforms

From www.consumerreports.org - Since 2009, bankers have stopped paying any meaningful interest on deposits, they rarely lend to small businesses and when they do lend, it can be at rates in excess of 10 percent, even to borrowers with excellent credit. (The current annual percentage rate for low-interest credit cards is 10.4 percent, on average, according […]

How To Get Loans Approved With Prosper & Lending Club

Before applying for a loan at Prosper or Lending Club you need to learn the do's and don'ts and necessary requirements to avoid rejection. This requires proper research as well as a clear understanding of your financial standing. Understanding these things will help get approved easier at better rates and make lenders more likely to […]

6 Predictions For Peer-to-Peer Lending In 2015

From www.lendacademy.com - Here is my annual predictions post where I review my previous years predictions and make some new ones for the new year. Let me look into my crystal ball and give five predictions for the coming year. Editor’s Note: Peter Renton from Lend Academy gives his annual wrap up, detailing where he […]

What's The Difference Between Prosper & Lending Club?

From www.modestmoney.com - The real draw (about peer-to-peer lending) for many people is that the loan originates from average ordinary people and not some too big to fail bank that will harass you a week after your payment was due. For many people, this is a good way to both get money and make money while helping […]