Author Topic: Peer-to-peer lending for payday loans?  (Read 525 times)

gsartois

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Peer-to-peer lending for payday loans?
« on: January 11, 2019, 10:18:54 PM »
I've been looking to get back into the p2p lending game after a five year hiatus. Last time I invested in peer-to-peer lending was through Lending Club and I saw about 10% ROI. Curious if anybody has had a chance to try out p2p for payday loans? I saw that there are a few lenders working on platforms to bring these loans to market. I imagine the ROI could be amazing, but I'm also weary since we're dealing with risky borrowers? Thoughts? Not even sure if this platform will be open to residents from other states, but I saw this blog post discussing a platform that a california lender is working on, for reference: https://www.mymillennialguide.com/peer-to-peer-lending-investing/
« Last Edit: January 11, 2019, 10:22:43 PM by gsartois »

Fred93

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Re: Peer-to-peer lending for payday loans?
« Reply #1 on: January 12, 2019, 01:23:36 AM »
I don't see a date on that article, so no way to know whether it is years old or what.

lascott

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Re: Peer-to-peer lending for payday loans?
« Reply #2 on: January 13, 2019, 01:39:49 PM »
I don't see a date on that article, so no way to know whether it is years old or what.
Not sure what you mean. Is this not the date? 
Aside: Also I think one could put it in the way-back-machine/archive and see a calendar perhaps of add/changes.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

CharlotteE

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Re: Peer-to-peer lending for payday loans?
« Reply #3 on: February 05, 2019, 08:04:13 AM »
Thank you, the article is very useful. Can you suggest the same one about the European market?

Charlie M.

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Re: Peer-to-peer lending for payday loans?
« Reply #4 on: March 29, 2019, 10:13:06 AM »
Thank you, the article is very useful. Can you suggest the same one about the European market?

Hey Charlotte!

Due to lack of replies from the other guys, I'm just jumping into the conversation here. Being from Europe, I actually think that there are some better alternatives to some of the bigger P2P lending platforms in the US like LendingClub and Prosper.

In general, the European market is booming with P2P lenders, and while there are some sketchy players on the market, you will also be able to find some real gems.

If you are looking for a P2P lending platform on the European market, you should definitely check out p2plendingsites.com. They feature a lot of different European platforms and also review them.

PS. I primarily use Mintos for payday loans, but also have a few loans from Envestio in my P2P portfolio :)

CharlotteE

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Re: Peer-to-peer lending for payday loans?
« Reply #5 on: April 26, 2019, 09:05:44 AM »
Thank you, the article is very useful. Can you suggest the same one about the European market?

Hey Charlotte!

Due to lack of replies from the other guys, I'm just jumping into the conversation here. Being from Europe, I actually think that there are some better alternatives to some of the bigger P2P lending platforms in the US like LendingClub and Prosper.

In general, the European market is booming with P2P lenders, and while there are some sketchy players on the market, you will also be able to find some real gems.

If you are looking for a P2P lending platform on the European market, you should definitely check out p2plendingsites.com. They feature a lot of different European platforms and also review them.

PS. I primarily use Mintos for payday loans, but also have a few loans from Envestio in my P2P portfolio :)

Charlie M., thank you for advice. Actually, Iím looking not only for P2P opportunities. Iím interested in all methods of getting gains from the property without buying it - REITs, mutual funds, crowdfundingÖ The main thing - I want to invest all over Europe and to have a possibility to choose and manage my properties. This article says itís impossible to combine: https://www.investopedia.com/articles/personal-finance/071015/reits-vs-real-estate-crowdfunding-how-they-differ.asp

Are you agree?
For example, Iíve found a crowdfunding platform, that offers assets in different European countries. Or, maybe, I misunderstood something? The company calls Realtybundles. Can you check it and tell me if Iím right? https://realtybundles.eu