Roundup of Social Lending News – May 18, 2012

I am a day early with my weekly news roundup this week because I am heading off on vacation with my family for a few days. But here is the major news of the past week that I shared on Twitter.

We had many blogger updates this week and we also saw not one but two new p2p lending companies launch in the UK. It really is a vibrant marketplace across the pond and just shows what kind of innovation would be happening if the regulations here were not so burdensome. Speaking of innovation I want to point out the article on Gigaom about Lenddo, a new kind of lender that takes social connections into account when making loans. While not a p2p lender they are using many principles that could (and probably will be) easily be adapted by p2p lenders in the future. Enjoy your weekend.

My Money Blog – Prosper vs. LendingClub: Credit Card Debt Consolidation Loan Comparison

Random Thoughts – Lending Club Loan Issued Date and Default Rate

Bible Money Matters – Lending Club Returns Closing In On 12%

Wiseclerk (UK) – Squirrl Launch – Secured Loans to Suppliers

Gigaom – Credit scores, with a little help from your friends

MarketWatch – SoMoLend Closes $1.17M Seed-Round

FT Advisor (UK) – Massow launches peer-to-peer lending venture

Lending Club Experience – Ten Months on Lending Club, Brutal Reality Hits

Lucrative Lending – P2PXML Rate Groups: An Attempt to Standardize Loan Grades Across P2P Lending Platforms

Fast Company – Shaking Up Crowdfunding

Narrow Bridge Finance – Lending Club Update – May 2012

Lucrative Lending – Invest in P2P Lending While in Debt? Generally Not a Good Idea.