Thursday, July 7, 2011

Peer-to-peer lending update

A few months ago I published a blog article entitled "Top 5 Peer-to-Peer Lending Sites". (Click on the link if you'd like to view it.) I recently re-wrote the article and posted it on Upublish. Subsequently, I was contacted by LendingClub's PR firm! Yes, they were doing their job. Impressive! Here's the update:

LendingClub is now the market leader among peer-to-peer lending sites. LendingClub, which had been the leader by volume of people/entities served, is now also the leader in terms of loans provided. It surpassed Prosper.com in late February/early March 2011. As of the end of June 2011, LendingClub had provided ~$300 million in loans and Prosper.com had provided ~$243 million in loans.

If you are looking for a loan of $25,000 or less, check out LendingClub or Prosper. They are both reputable entities with somewhat different approaches.



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