Steadfast Finances
A Personal Finance & Investing 101 blog that delves into current events, consumer education, and techniques to improve your bottom line.
Peer To Peer Lending Popularity Continues with ‘The Simpsons’ Appearance
Could all it take for Peer-to-Peer Lending to go full tilt mainstream is a big mention on a major network TV program with a huge cult following?
Could be!
Last night’s episode of The Simpsons entitled “Loan-A-Lisa” explored the basic concepts of microfinance and how everyday investors, like you and I, can lend to entrepreneurs who can’t, or won’t, get financing from traditional banking establishments.
I’m probably biased in this “going mainstream” assessment, since I’m a P2P investor at Lending Club myself, but the growing popularity suggesting P2P Lending going mainstream is a very real possibility.
Quarterly Lending Club Investment Portfolio Updates
December 2010 Update: Currently earning 15.6% NAR on Lending Club investment portfolio.
September 2010 Update: Currently earning 15% ROI on my Lending Club investment portfolio.
June 2010 Update: Currently earning 14.2% ROI on my Lending Club investment portfolio.
March 2010 Update: Currently earning 13.6% ROI on my Lending Club investment portfolio.
2 Comments
Dec 22, 20108:07 pm
They also require investors to be:
1) California residents (excludes the other 49 states)
2) Total assets of $1 Million or more
3) Annual salary of $200,000+
Doubtful it will be a game changer until the barriers to entry are drastically lowered.
7:57 pm
The big risk with P2P is the unsecured nature of the loans. I just read that money360.com has combined the P2P model with secured real estate lending. I think this could be a game changer for the industry. I see lenders flocking to this model to get the same rates…with actual security behind their loans. Of course there is a catch….you have to invest at least $50K!