When investing in p2p lending there are a few best practices that every investor should follow. These best practices should...
In this episode we talk with the President and Co-Founder of SoLo Funds, Rodney Williams, on what it means to create a community finance platform and how to serve subprime borrowers responsibly.
RateSetter saw pre tax losses jump to $31mn from $7.1mn due to a bad loan to an advertising company; RateSetter also saw revenues jump by 38 percent as well as increases in customers and borrowers; the bad loan was absorbed by the lender as they explained it fell outside their credit policy and it was unfair to put the losses on their investors. Source.
The Federal Reserve released a report saying that P2P loans resemble predatory loans; the report cautions on the industry’s rapid origination growth and rising defaults; they also say the industry as a whole has the potential to destabilize consumer balance sheets; the research also shows taking out a P2P loan hurts credit scores and credit card balances increase; the report also points to the benefits of taking out a loan as well. Source.
LendIt Co-Founder and current CCO of Centrifuge, Jason Jones, wrote a guest post on Lend Academy comparing decentralized lending to...
[Editor’s Note: This is a guest post from Rajat Gandhi. Rajat is the Founder and CEO of India’s largest P2P platform,...
According to new statistics released by the UK’s Insolvency Service personal insolvencies rose by 16.2% in 2018, while more than 16,000...
Last Friday Peter and I had the honor of joining the CreditEase team on the NYSE floor to ring the...
UK based p2p lenders RateSetter and Assetz Capital are pushing the government for access to government financing to help them...
Peer2Peer Finance News shares a ‘where are they now?’ piece which includes the founders of Zopa, Funding Circle and RateSetter;...