Archives for: September 2012

Funding Circle updates lending screen

September 25th, 2012
Funding Circle
Funding Circle have updated their lending process, so that each bid no longer requires the page to refresh.  This will both improve the responsiveness to the end user, and also reduce the load on the Funding Circle web server. Previously users would ei… more »

Funding Circle passes the £50million mark

September 21st, 2012
Funding Circle
It was back on the 23rd April that we reported that Funding Circle had just passed the £30million mark in the amount of loans it had arranged.  Today we can report that they have now passed the £50million mark.  If our maths are correct this is equivale… more »

FundingKnight launch

September 20th, 2012
FundingKnight
FundingKnight is the latest entrant to the peer-to-business (or "crowdlending" as they prefer) market.  Other companies operating in this segment are Funding Circle and ThinCats.  FundingKnight are targeting secured loans of between £10,000 and £100,0… more »

Zopa to drop C and Y markets

September 11th, 2012
Zopa
Zopa announced yesterday that they will be dropping the "C" and "Y" markets from October.  The "C" markets are the highest risk category that Zopa currently caters for with estimated bad debt rates between 4.2% and 5.2% per annum.  The top of the "C" ma… more »

Looking into late loans

September 6th, 2012
RateSetter
We've talked about "bad debt" and "defaults" numerous times on the P2P money site, but one thing that we haven't covered much are "late loans".  Usually before a loan is written off it is late, as the borrower has fallen behind on repayments for whateve… more »