No joke, 20% is the new 10%. Back when I first started p2p lending 4 years ago the goal in the back of my mind was to get 10%. Long story short, I didn’t even come close. Now I am aiming for 20% returns and so far at Prosper, according to LendStats.com, I am getting it. Granted, I’m only looking at the loans I made since Prosper relaunched in 2009, but more significantly I’m looking at the loans I made since I started doing my statistical analyses of the prosper data which I also started in 2009. Those analyses were … Continue reading →

Before I get into the history of LendStats.com, let me explain my own history with P2P lending. Back in early 2007 while scouring bankrate.com for the latest CD rates I saw a Prosper ad advertising 8-12% returns. My initial reaction was that it must be to good to be true but I looked into it anyway and decided to give it a try. I started modestly in May 2007 and waited about a year to see what my returns would be and they were not good. While contemplating whether to lend again I reviewed the loans I had already made … Continue reading →

I just finished the latest update for LendStats.com. Complete new analyses were created for LendingClub and Prosper. LendingClub’s overall performance continues to improve. The latest analysis calculates their returns on investment to be 2.85%. This may not sound like much, but 1 year ago when I calculated my first analysis of lendingClub performance it was 0.57%. That’s quite an increase and I think we can expect to see it increase some more. Eventually it will plateau and I estimate that plateau will be around 4%. If lenders ever learn the lessons from my site, overall returns could get as high … Continue reading →

LendStats.com offers an unbiased statistical analysis of P2P loans made by Prosper and LendingClub. The lessons that can be learned at lendStats.com are invaluable to any lender. Here are a three examples of the many criteria that are analyzed at lendStats.com. All data in the following charts are based on analyses of LendingClub data. 1. Credit Grade This chart shows a decline in returns as the credit grade decreases with A loans yielding over 5% returns and F & G grade loans yielding negative returns. The returns calculated by LendStats.com aren’t as high as the returns advertised by LendingClub. However, … Continue reading →