DISQUS

More on current status and reasons why the regulator intervened:
http://www.wiseclerk.com/group-news/countries/c...

More on current status and reasons why the regulator intervened:
http://www.wiseclerk.com/group-news/countries/c...

For an overview of the international development of p2p lending see
http://www.p2p-banking.com

Wiseclerk

Jevon,

not sure if it will be really harder to attract lenders. In many markets p2p lending services attracted lenders faster than they could raise demand on the borrower side, resulting in rates bidded down if there is an auction mechanism.

I think they might have launched so fast since they acquired know how of the founders of a Danish p2p lending service. See my article for details on that:
http://www.wiseclerk.com/group-news/services/fa...

Jevon,

not sure if it will be really harder to attract lenders. In many markets p2p lending services attracted lenders faster than they could raise demand on the borrower side, resulting in rates bidded down if there is an auction mechanism.

I think they might have launched so fast since they acquired know how of the founders of a Danish p2p lending service. See my article for details on that:
http://www.wiseclerk.com/group-news/services/fa...

I grew up in West Germany in the belief that everything was set and would stay as it is. One of our older teachers, I think he was our sociology teacher, once asked me after classes how I thought about reuunification of Germany. This question seemed absurd to me. The iron curtain had gone up long before I was born and to me chances anything would change that balance of powers seemed so slim that it wasn't even worth thinking about it. But to the teacher in hins mindset - all this years - it was a temporary situation that he surely felt would at some time change back to a unified Germany.
That was the early 1980th.

We all know what happened in the end of the 80th.

BTW: The same year you were exchange student in Germany I spend a year as exchange student in the US

Claus
http://www.wiseclerk.com

Good luck,

you will notice that
- very few of the loans at Prosper that are one month late do recover
- many loans at Prosper do not default initially since Prosper defines default as debt sale and keeps loans in 4+ month late
- overall defaults for old loans average around 20% at Prosper