Zopa has changed it’s debt purchase process due to changes in legislation. Continue reading
Process
Lending Club Promotion: 2500 Dollar Prize for 25000th Investor
Lendingclub.com currently runs a promotion. The 25,000th investor to register wins 2,500 US$. To be eligible a registration is enough (no purchase/investment necessary). The winner will be announced after Oct. 31st.
Lender Visualizes Growing Repayment Problems at MYC4
At MYC4 it is somewhat awkward for lenders to keep track of their portfolio. Some lenders keep track manually in Excel lists of their loans.
MYC4 lender Bente Pedersen created the following image, which by it’s coloring visualizes that the number of late payments and non-payments on the loan he funded grew over time.
(Image by Bente Pederen, used with permission)
Interest Free Loan
Boober Failure Hurts Lenders
As reported earlier Dutch site Boober.nl failed. Richard van den Toorn, speaking for the association of lenders PIVN, estimates that about 1,200 lenders are affected. While part of the total loan volume of 1.65 million Euro had been repayed over the loan term before the failure, overall borrower’s willingness to pay dwindled after the failure. Still PIVN hopes to recover 50-80% of the outstanding amounts on behalf of the lenders.
(Source: ANP via Nu.nl)
Giles Andrews on Building Zopa
Giles Andrews on building Zopa, it’s brand and differentiating from banks.