Peer to Peer Lending

More Thoughts On LendingClub

March 18, 2008

Hi All, Just wanted to update our readers about our thoughts on LendingClub. For those of you who don’t know about LendingClub, its a person to person on-line money lending service like prosper.com or zopa.com. We got a promotional offer a while back, and since we like discussing these sorts of things, today’s posting is [...]

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How We Are Paying Off Our Second Mortgage

March 10, 2008

Hi All, This weekend our good friend Brad paid me a visit. In addition to discussing his love life, we chatted a bit about our blog – well okay, I wanted to talk about the blog – Brad wanted to discuss his love life. However, it did come up that we sometimes don’t give enough [...]

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LendingClub Update

March 6, 2008

Hi All, Just wanted to give you a quick update on our thoughts on LendingClub. As you may know, LendingClub is a person to person on-line lending service similar to prosper.com. We signed up a while ago via a promotional offer. Since most readers of personal finance blogs are interested in peer to peer lending, [...]

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LendingClub.com

February 24, 2008

Good Morning All, Its Sunday, January 24th. Another bright sunny day in America’s capital city. Todays posting is about peer to peer lending. As many of you know, there are lots of ways to make money on-line. One of those is by lending your cash directly to borrowers using an internet lending service. The most [...]

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A Hassle Free 6 percent…

February 22, 2008

Seems relatively elusive these days. As readers of our blog know, Miel and I have set the priority of paying off our second mortgage. We currently owe $16,700 at 9% on that loan. One way we wanted to address the debt is to refinance part of it into accounts with smaller balances. For example, we [...]

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How We Are Paying Off Debt

January 29, 2008

Hi All, So now that my exams are over, I find I’m focusing more on our financial goals. The main goal that we DINKs are working on is paying off our second mortgage. Its currently at $17,329.48 and we’re hoping to have it paid off by this September. It might be challenging to get there, [...]

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2007 Financial Ups & Downs

December 31, 2007

As we did last year, we’ll be taking a look at our financial ups and downs for 2007. (Looking back on this post feels like a lifetime ago!) Miel opened her first ROTH IRA and maxed it out for the 2006 tax year. Miel maxed out her ROTH IRAs in 2007. Miel survives the DRCongo [...]

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Prosper: A Cause for Concern?

December 27, 2007

Hi All, If you frequent personal finance websites, you’ve probably heard about prosper.com. Prosper is a person to person lending platform that allows you to make loans directly to borrowers without going through a bank. We DINKs have a little under three thousand invested in the service. We were optimistic about prosper at first, but [...]

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Giving at the Holidays

December 21, 2007

I believe that one of the great things about the holidays is doing a little something extra for those in need. Over the next couple of days leading up to the holidays we’ll share a few ways that you can lend a hand. In our first case, it is lending a bit of money as [...]

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Prosper: An Update and Lessons Learned

December 5, 2007

Hello Everybody, A few weeks ago, we posted about the high rate of defaults we are experiencing with prosper.com, the website we use to lend money. Since we’re both busy with school and work, we haven’t been following the status of our accounts closely. Well, todays twice weekly skype chat, we took a look at [...]

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