Alas, Bob is not anymore the trustworthy friend he used to be, and you may have doubts about his ability (or willingness) to pay you back. For instance, if he was supposed to give you some money yesterday, but you haven’t heard from him and he’s not even answering your calls. In that case, you would be very happy to offload me the loan for \$120 or even \$100, but I wouldn’t buy it at that price.
Our ‘Summary’ page shows how much money a LendingRobot client could withdraw on a monthly basis from their loans payments.
An increase of stock market prices is only sustainable when it matches economic growth. Otherwise it’s pure speculation, and history has shown that ‘corrections’ inevitably happen.
The idea of lending money to people you don’t know, without any kind of guarantee, may seem stupid at first. But ‘Peer-to-Peer lending’ (as it was originally called) does work for investors.
It was called Peer-to-Peer Lending. The idea was to circumvent banks, the inefficient too-big-to-fail organizations that grew fat after centuries of undeserved profits, and create a market without any intermediates, where borrowers would be matched directly with lenders.
We shared on MarketWatch what we expected to hear four days before Lending Club’s annual shareholder meetings.
Here’s the 7 minutes demo that won us a Best of Show award.
Lending Club’s recent turmoil generated quite a bit of media coverage over the past week.
At LendingRobot we are often asked two important questions: “how have the peer lending marketplaces performed to date?” and “how does the performance compare between LendingRobot and platform automated loan selection?”.