tag:blogger.com,1999:blog-6178547344217818498.post859860379621084107..comments2023-11-26T16:59:51.483-08:00Comments on Prosper Lending Review: Pertuity Direct Reaches $500K In Two MonthsUnknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6178547344217818498.post-15193366234266844782009-03-19T19:29:00.000-07:002009-03-19T19:29:00.000-07:00Does anyone understand the fee schedule? Their fee...Does anyone understand the fee schedule? Their fee page estimates fees at 1.7% per year assuming a $15M fund from which to lend. If they only have half a mil after 2 months, fees are going to be outrageous.<BR/><BR/>Their 3yr estimate is really odd, in that it's essentially 5 times the annual fee. What's that about?<BR/><BR/>It's an interesting idea, but I think they're offering it 2-3 years late. I guess the question is, can they survive for the next 2-3 years until things stabilize?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-72299973042327806332009-03-19T09:50:00.000-07:002009-03-19T09:50:00.000-07:00Lending Club charges little fees everywhere (loan ...Lending Club charges little fees everywhere (loan payment, loan disbursement, loan trading), but they're fairly clear and transparent.<BR/><BR/>PD, on the other hand, seems to have some crazy complicated system buried deep in their TOS. At PD there does seem to be a general lack of transparency of the kind that LC has, but I guess it's aimed at different markets. From an investment perspective, PD is for people that just want to put their money in a fund and forget about for a long time, whereas LC is more for people that want to be actively involved in lending.Jun-Daihttps://www.blogger.com/profile/10602016857401533567noreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-53201829128095079292009-03-18T14:28:00.000-07:002009-03-18T14:28:00.000-07:00I have to say, it is interesting to know that PD h...I have to say, it is interesting to know that PD has 500K available to lend, but it will be more telling to see how much they are actually lending.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-39548014170232299922009-03-18T14:25:00.000-07:002009-03-18T14:25:00.000-07:00I also had a different opinion. Here is the comme...I also had a different opinion. Here is the comment I left on that post.<BR/><BR/>"I think it’s actually a good thing that LC funds some of their own loans. They have a classic chicken and egg problem - how do they get borrowers without lenders and how do they get lenders without borrowers. This helps them get to the point where the p2p market can operate by itself. <BR/><BR/>In addition, with their own skin in the game to the tune of millions of dollars they are much more likely to take collections seriously. Their interests are closely aligned to the success of the borrower."<BR/><BR/>I'd like to see a PD statistic's site. Prosper and Lending Club both have pages to make things as transparent as possible. I think that is good for p2p lending sites.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-8994396535944074052009-03-18T14:08:00.000-07:002009-03-18T14:08:00.000-07:00Yes, I think that's the one. I was surprised by t...Yes, I think that's the one. I was surprised by the author's perspective. I would expect a P2P platform to chip in occasionally when enough funders haven't stepped forward. Also, I like to see the company in the position as lender sometimes too because I know that they'll chase defaults aggressively. It sounds like more news is coming from PD soon, so I'll be watching to see if they have anything similar going on.JessicaWhttps://www.blogger.com/profile/06611691212945188227noreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-56909655464380693082009-03-18T14:02:00.000-07:002009-03-18T14:02:00.000-07:00I think you are talking about this story.I think you are talking about <A HREF="http://www.p2plendingnews.com/2009/03/lending-club-self-funds-24-percent-of-loans/" REL="nofollow">this story</A>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-76974210229617478252009-03-18T13:59:00.000-07:002009-03-18T13:59:00.000-07:00True. I recently saw something about the fact that...True. I recently saw something about the fact that Lending Club funds like 24% of its own loans. The person who posted (I wish I could recall where I saw that) seemed to think that was a bad sign. conversely, I think they know it's a good investment. I wonder if PD will begin doing the same? (perhaps they already are?)JessicaWhttps://www.blogger.com/profile/06611691212945188227noreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-49500771985560358272009-03-18T13:40:00.000-07:002009-03-18T13:40:00.000-07:00The challenge with new P2P lending sites seems to ...The challenge with new P2P lending sites seems to be a lack of funds to lend, not a lack of borrowers. So this is good news for PD.Anonymousnoreply@blogger.com