VentureBeat - Latest Comments in Lending Club brings person-to-person loans to Facebook

Re: Lending Club brings person-to-person loans to Facebook

Bonnie — Mon, 20 Feb 2012 23:41:43 -0000

I need a loan to get back on track. Had some bad luck with our business last year. Back on track but behind in payments and the stress is killing me. Please let me know if you can help.

Re: Lending Club brings person-to-person loans to Facebook

Ratheesh — Thu, 02 Feb 2012 22:31:29 -0000

i'm a disabled man of 31 yrs. in India and i want a loan for my business and how can i get this please let me know about this as early as possible. Can i get loan from face book or anywhere in this site

Re: Lending Club brings person-to-person loans to Facebook

Ratheesh — Thu, 02 Feb 2012 22:29:43 -0000

i'm a disabled man of 31yrs. in India and i want loan for my business and how can i get it please let me know this as early as possible

Re: Lending Club brings person-to-person loans to Facebook

travesti — Sat, 01 May 2010 13:45:53 -0000

Thank you for articles

Re: Lending Club brings person-to-person loans to Facebook

morenews — Sat, 14 Jun 2008 09:35:34 -0000

Seems good. Thanks.

Re: Lending Club brings person-to-person loans to Facebook

travesti — Sat, 14 Jun 2008 08:03:44 -0000

Good job. Thank you.

Re: Lending Club brings person-to-person loans to Facebook

Sharon McNary — Fri, 06 Jun 2008 16:23:51 -0000

Hello from Sharon McNary of Marketplace Money, the personal finance show on public radio. I've just heard of peer-to-peer college loans and am looking for students who are considering this option. If you're willing to share your take on this new phenomenon, you'll find my questions at http://tinyurl.com/5774nm
A reporter may follow up with questions for a future report on Marketplace Money. Thanks in advance for your help.

Sharon McNary
Analyst, Public Insight Journalism
Marketplace | Marketplace Money
American Public Media
smcnary@marketplace.org

Re: Lending Club brings person-to-person loans to Facebook

travesti — Thu, 08 May 2008 08:28:37 -0000

very good admins thanks renkarenk turkey

Re: Lending Club brings person-to-person loans to Facebook

medyum — Wed, 07 May 2008 15:24:00 -0000

ı am turkey good site and thank you medyum

Re: Lending Club brings person-to-person loans to Facebook

hosting — Sun, 04 May 2008 12:59:59 -0000

I just heard this from you. It is good for facebook.

Re: Lending Club brings person-to-person loans to Facebook

travesti — Thu, 01 May 2008 21:13:43 -0000

Facebook and loans? Interesting.

Re: Lending Club brings person-to-person loans to Facebook

maribel marquez — Wed, 30 Apr 2008 10:57:08 -0000

I have been trying to get a loan to get my credit back up, but i keep getting denied because of my credit. How can this help anyone like me? I am a working disabled person who is trying to get everything back on track.

Re: Lending Club brings person-to-person loans to Facebook

c curry — Tue, 29 Apr 2008 12:52:21 -0000

searching for home finance. is this a site for such registration?

Re: Lending Club brings person-to-person loans to Facebook

kay — Sun, 13 Apr 2008 13:12:03 -0000

I am interested in talking to someone about a consolidation loan before,I lose my house and vehicle. I live in North Carolina

Re: Lending Club brings person-to-person loans to Facebook

Christina — Sat, 22 Mar 2008 15:26:47 -0000

Would some one please contact me about your program at truchrissy@yahoo.com

Thanks

Christina

Re: Lending Club brings person-to-person loans to Facebook

Ira Machefsky — Thu, 23 Aug 2007 11:55:34 -0000

HaHaHa. Can you spell C-o-u-n-t-r-y-w-i-d-e F-i-n-a-n-c-i-a-l for the masses? There's a reason banks exist and why you avoid seeing your friend who was looking for that small loan he needed.

/Ira

Re: Lending Club brings person-to-person loans to Facebook

Jame Willow — Fri, 13 Jul 2007 03:55:38 -0000

Lots of progress since launch:

http://www.techcrunch.com/2...

http://mashable.com/2007/07...

Re: Lending Club brings person-to-person loans to Facebook

ejlspwujuk — Tue, 03 Jul 2007 14:06:33 -0000

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Re: Lending Club brings person-to-person loans to Facebook

Mark — Tue, 29 May 2007 14:21:03 -0000

Interesting comments from all - have been watching this space (and blogging about it) at my site, www.bankerinindia.typepad.com in the context of microfinance. I work in India for a microfinance VC and was first introduced to the concept by Kiva. The comment from Niki does seem particularly important - 30 million users but how many of them with extra cash lying around that they feel like investing instead of spending.

Re: Lending Club brings person-to-person loans to Facebook

Shawn — Sun, 27 May 2007 17:41:23 -0000

This is just another way to get more money to BK attorneys.

(BK) Bankruptcy

Re: Lending Club brings person-to-person loans to Facebook

Niki — Sun, 27 May 2007 07:41:57 -0000

While Facebook has a large user base, it consists mostly of college students. Surely, a group of people who are often already in debt (student loans), with no jobs and limited or no credit history is not the ideal place to lend money to?

Re: Lending Club brings person-to-person loans to Facebook

Patrick Gannon — Fri, 25 May 2007 21:16:56 -0000

I work at Lending Club as well. Let me try to answer the two questions from Alex and Raj.

Alex: you would not lend to a single borrower - you would lend to a portfolio of borrowers. By constructing a diversified portfolio of many borrowers, we reduce the overall portfolio risk.
So, if one of the borrowers declares bankruptcy and defaults on the loan, the lender would be exposed only to a small portion of that loss. The rest of your portfolio (with dozens more borrowers) would not be affected.

Raj: Our lenders specify their risk tolerance and then we use our proprietary technology to construct a portfolio for them. The expected returns on these portfolios vary with the risk of the portfolio.
For the lowest risk portfolios, the expected returns are higher than CD rates and money market rates. For the higher risk portfolios, the expected returns are significantly higher.

Re: Lending Club brings person-to-person loans to Facebook

Dale Rogers — Fri, 25 May 2007 21:13:59 -0000

Good luck to all the individual lenders, borrowers and these match makers. Fountain Partners is made up of high net worth entrepreneurs lending to other entrepreneurs once they have grown out out of seed stage. We lend to businesses (not individuals) who will require $100,000 to $10 million in financing in their next 12 months of operation.

Re: Lending Club brings person-to-person loans to Facebook

raj — Fri, 25 May 2007 20:05:08 -0000

too much risk...why anyone want to lend to friends for 1-2% more interest than banks which are backed by FDIC

Re: Lending Club brings person-to-person loans to Facebook

Alex — Fri, 25 May 2007 19:54:56 -0000

So normally when I put the money in the bank, which then goes out and loans the money to people, my deposits are covered by the bank, and I have their and FDIC's word on it that I would get the cash back in case something drastic happens.

Let's say I do a $5,000 loan through LendingClub, and the borrower declares bankruptcy few months later. What happens to my money?