Eric's Credit Community

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 […]

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I was informed this morning by an astute reader that Prosper.com has discontinued lending for Pennsylvania based lenders. Seems like there’s quite a bit of buzz flying around about this. Here’s the official e-mail that was sent out to lenders (Thanks to Tony for sending this to me!)
Dear XXXXXX,
We are writing to […]

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If you look at the lender profile screen for a lender (or many of the other lender-related reports on this site) you will set a “Total $ Loaned” figure.  Several people have asked me how I arrive at that figure and why it is different than what they see at LendingStats for example.  I was […]

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Since I added the extended credit breakdown pie charts to the Lender screens, a number of people have asked me what those are for and if they are supposed to be a prediction of future delinquencies in that lender’s portfolio.
The three pie charts displayed there (Current Delinquencies, 7 Year Delinquencies & 10 yr Public Records) […]

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One of the most frequently asked questions I get is “Why should I register?” It’s a good question, since the benefits of registering at EricsCC.com aren’t really apparent until you actually do it. So here’s a list of some of the features that registering on this site open up to you. For […]

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