Yakezie.com - Topic: Introducing Self

krantcents on Introducing Self

Mon, 01 Aug 2011 20:29:57 +0000

Welcome aboard.

Peerform-Blog on Introducing Self

Mon, 01 Aug 2011 09:51:05 +0000

Hey! Thanks Rob :)

Welcome to you too!

Rob H. on Introducing Self

Fri, 22 Jul 2011 10:30:45 +0000

Welcome to the forums! I'm pretty darn new here myself.

Peerform-Blog on Introducing Self

Tue, 19 Jul 2011 13:21:14 +0000

Financial Success for Young Adults said:

Hi P2PNoob! Welcome!

What are your thoughts on peer to peer lending defaults? Have they increased with the recession?

Hi LaTisha!

Thanks! your interest in Peer-to-peer lending!

Peer-to-peer lending defaults, at least on the two platforms with a history so far, are almost unavoidable if you funded over 200 loans, but can be kept to a minimum - usually only a few. Furthermore, the rate of return on Peer-to-peer loans usually more than compensates the risk, so you get a great return on investment even with a few defaults.

In terms of defaults over time, Peer-to-peer lending companies change their borrower policies almost every year, improving requirements for borrowers, increasing borrower verification, and definitely making fraud much harder. Therefore, the data on loan defaults cannot accurately measure the default rate of the same exact borrower pool over time.

So although we would expect the defaults to increase with bad economic times, they haven't - because policies keep evolving to protect investors. In fact, Peerform is taking steps to verify the financial and credit information of every borrower to reduce default wherever we can.

I hope this answers your question!

LaTisha @YoungFinances on Introducing Self

Mon, 18 Jul 2011 16:28:20 +0000

Hi P2PNoob! Welcome!

What are your thoughts on peer to peer lending defaults? Have they increased with the recession?

Peerform-Blog on Introducing Self

Fri, 15 Jul 2011 13:31:02 +0000

MoneyIsTheRoot said:

I know many states (including my own) don't allow peer-to-peer lending, do you offer a platform to buy the notes on the secondary market?

We unfortunately do not at the moment, but are working on it.

Thank you for your interest!

MoneyIsTheRoot on Introducing Self

Fri, 15 Jul 2011 11:49:25 +0000

I know many states (including my own) don't allow peer-to-peer lending, do you offer a platform to buy the notes on the secondary market?

Peerform-Blog on Introducing Self

Fri, 15 Jul 2011 06:42:18 +0000

Thanks for the support!! :)

Khaleef @ KNS Financial on Introducing Self

Thu, 14 Jul 2011 20:41:47 +0000

I definitely like the concept of peer-to-peer lending (although I won't be able to watch the video until I get home)!

My Personal Finance Journey on Introducing Self

Wed, 13 Jul 2011 10:52:06 +0000

Thanks for sharing! Peer-to-Peer lending is a cool idea. If you'd be interested in advertising your company on my site, please feel free to shoot me an email at the address below.

Peerform-Blog on Introducing Self

Wed, 13 Jul 2011 08:09:45 +0000

Hi Yakezie!

I am a blogger/intern for a new Peer-to-peer lending company called Peerform.com. I am very impressed by many of your personal journeys to getting out of debt! Furthermore, I am also really impressed by the growth of Yakezie over the past two years and want to be more involved with the growing community. Please don't think of me as too "corporate" since I will try to respond to topics from an objective standpoint.

Also, I am currently working on writing a blog post regarding the Growth of Personal Finance Blogs (Wisebread itself lists almost 700 PF blogs!). So I'll be sure to post it here when I finish.

Nice to meet you!

(I'm going to shamelessly embed our video below for anyone who is interested :P)