Four New Features from Lending Club

Well, we spend around $50 attracting a new customer anyway so instead of making an ad agency richer, we thought it would make more sense to let you invite your friends and deposit $50 in their account, make them $50 richer and make you look good in the process!

YadYap Peer-to-Peer Payday Loans

The biggest advantage of YadYap is the almost instant liquidity that comes from offering short term 2-4 week payday loans. Unlike Prosper and Lending Club, no secondary market is needed to achieve liquidity for lenders.

Trading Loans on Lending Club

As a trader I can review loan payment history and credit score changes since the date the loan was issued, as well as the original loan listing. I can buy Notes that have a shorter time period to maturity. I may be able to find Notes priced below their fair value. And it is the seller that pays the 1% trading fee.

Lending Club Open for Loans, Prosper in Quiet Period

Lending Club opened up to lenders again at just the right time now that lending at Prosper is temporarily closed. According to the Lending Club blog, Utah, where I live, has already been added.

Rickety Kiva Map

Kiva, back on July 23, announced Kiva Maps. To show you what it looks like, consider my own Rickety Kiva Map above. Each of the leaves represents one of my loans all emanating from Kaysville.