As the peer lending ecosphere grows so does the concept. There are still new peer lending marketplaces forming, many of which have unique twists.
Forecasting when things will go haywire…
In the United States, citizens vote for individuals that they would like to lead and represent them as a nation.
Peer lending has been around for over a decade (Zopa launched in UK in 2005).
“A Blindfolded monkey throwing darts at the newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by the experts.” Burton Malkiel, A Random Walk down Wall Street 1973
Data for peer lending marketplaces such as Lending Club and Prosper are very transparent, which is a boon for statistical analysis.
As we predicted earlier this year, a major Peer Lender has gone belly-up, reminding many of Bernie Madoff’s Ponzi scheme that collapsed in 2008.
Everyone claims to want a job, or at least, the opportunity to work.
Are you new to peer lending or uncertain about the details? Below are some things that may surprise you