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.
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?”.