We checked the loans we funded and found that they are still all current with no past due amounts on lendingclub.com. We hope tahe trend continues. We used a search criteria of under $7000 USD, under 20% dept to equity and under 30% revolving utilization. We also only funded A credit ratings and only those borrowers who had no delinquencies and inqueries. Good luck with your loan searches.

We still do not have any updates on getting historic lending club data. So, we will concentrate on Prosper and Kiva loans. You do not make interest on your loans on Kiva, but it is a worthy cause.

We have improved the search tool for finding loans from Lending Club data. You can search by virtually any criteria now. Debt to income searching, loan amount and credit grade. We will continue to improve this tool with your continued input. Drop us a line here.

As an example how you can use the search tools to locate prospective loans to fund. We first searched for all grade A loans up to $9,000 and had a match of 10 loans. Some of those credit line utilizations were over 50%. People just do not know how to stop spending even in this economy. So, to improve your your quality, hunt for lower risk loans. We searched for people who had no delinquencies and the number of lloans droped down to 6 loans by selecting borrowers that have had no delinquencies in the last 2 years. This is only an example your mileage will vary.

We are having problems with the XML feeds from Lending Club for historical loans. We contacted lending club and they replied that they are working on the issue. We hope to have historical data feeds restored soon. All the data for new loans is still available from our search page and we are importing that daily once per day. It is important to note that there are three XML files we want to get feeds on. One file is name InFundingStats.xml. This file is the current loans that are being funded by lenders. Another file is called LoanStats.xml. This file is the historical information on current loans. Finally, another file is called RejectStats.xml, this file contains information on loans that were rejected.

We have just finished importing the loan data from Prosper.com. We imported the historical data as well as what prosper calls updated data. Updated data is data that changes on a daily basis. Update feeds are available on a regular basis. We will be adding charts and other statistical data including search engines for you to find the best loans to fund. We found a lot of interesting information such as default rates vs loan size. There is a much higher chance that a loan will default the larger the loan amount. We will share this information with you shortly in the charts section of this web site.

We are drafting charts and want your input on what you want to see. Send us a comment with what information you want to see. Please be as descriptive as possible and provide some contact information so we can get back to you with any questions. This chart below shows all the loans that have been issued per month on lendingclub.com since inception. The last column is in red because it is a partial month.

We have finished importing the loan data from LendingClub.com. The data is parsed and normalized into our database. We will be importing full data feeds every week and incremental changes on a more regular basis. This allows our charts to be as fresh as possible with the most accurate data available.

The lending sites are getting bigger each month. We see that more and more subscribers are signing up to do p2p lending. We noted that prosper has around 114 million dollars in active loans and Lending Club has around 20 million in active loans as of today's date. That is a lot of cash!

Peer to Peer lending is where borrowers receive money from individuals. Investors grant borrowers small amounts of funds to fulfill the borrowers loan request. Interest and principal is paid back to the lender just like any normal loan. Borrowers can borrow up to $25,000 for reasons such as:

Reasons to borrow
• Cars
• Debt Consolidation
• Car & Automotive
• Home Improvement
• Small Business
• Students

We have launched a web site that analyzes the data from the P2P lending sites such as Prosper.com and LendingClub.com. Our mission is to provide you with the tools and information to find and select profitable loans.