Monthly Archives: February 2011

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 →