Eric's Prosper Stats Blog » Lending Club http://blog.ericscc.com Peer-to-Peer Lending & Investing Blog Fri, 06 Aug 2010 01:02:19 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Lending Club Promo For Ericscc.com Users http://blog.ericscc.com/2008/11/lending-club-promo-for-ericscccom-users/ http://blog.ericscc.com/2008/11/lending-club-promo-for-ericscccom-users/#comments Fri, 28 Nov 2008 17:07:43 +0000 Eric http://blog.ericscc.com/?p=11 Lending Club is running an exclusive promotion for Ericscc.com users to join as a lender and invest their a first loan on them.  For the month of December, when you open an account using this link [sorry, promo has expired], you will be awarded $25 to buy your first loan.

You might also see Lending Club ads on this blog and Ericscc.com.  However, you will only get the $25 if you use the link above in this post.

Happy Lending!

]]> http://blog.ericscc.com/2008/11/lending-club-promo-for-ericscccom-users/feed/ 0 Prosper Enters Quiet Period – Lending Club is Back http://blog.ericscc.com/2008/10/prosper-enters-quiet-period-lending-club-is-back/ http://blog.ericscc.com/2008/10/prosper-enters-quiet-period-lending-club-is-back/#comments Tue, 21 Oct 2008 00:25:54 +0000 Eric http://blog.ericscc.com/?p=10 Wow! It’s been an interesting month in the P2P lending world. After several months of being closed to new investment, Lending Club is now back in action and accepting new lending cash. They have also partnered with foliofn.com to provide a secondary market for loans, bringing some much needed liquidity to p2p lending. Almost simultaneously Prosper.com has entered their quiet period as a prerequisite to opening their own secondary lending market.

Several people have asked me how long the quiet period at Prosper will last. Of course I can only speculate, but it seems like it will be at least several months. Lending Club was out for about 6 months, but I would hope Prosper’s quiet period would be significantly shorter since Lending Club has already “blazed the trail” so to speak.

While I’m disappointed to see Prosper close down for an extended period of time, this quiet period is good news in several ways as well. First, by taking the risk of closing down for several months (with very little revenue coming in during that time) Prosper is showing that they fully intend to stick around. This is a necessary but painful investment in the future of their platform and the fact that they are making it shows that they are in it for the long haul. Second, when the secondary market opens, it will likely bring in more lending cash from people who weren’t so thrilled with the idea of having their money locked up for 3 years. It will also allow those current lenders who want to “get out” a means to do so. Finally, on a personal note, it’ll give me some time to catch up on things, and hopefully get some work done on lendingclubstats.com as well :)

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