Tags: the lending well

The Lending Well withdraws from payday market

March 30th, 2013
The Lending Well
The Lending Well has announced it has widthdrawn from the payday loan market.  They attribute this decision to the difficulty in finding "high quality" borrowers within this market.  The total interest on a payday loan as a percentage of the capital len… more »

Zopa redefine their ZOPA

August 24th, 2012
Zopa
Zopa are redefining their ZOPA - zone of possible agreement - definition.  In summary this is the region where you will be included in between 20% and 99% of loans over a similar period.  While this is slightly asymmetric (I would probably define it as… more »

The Lending Well makes first loans

April 12th, 2012
The Lending Well
It was reported today from a reliable source that The Lending Well has made its first peer-to-peer payday loans.  Borrowers pay a fixed 1% per day and lenders receive 12% per annum (pro rated for the time the money is actually on loan). We recently con… more »

The Lending Well offers P2P payday loans

March 30th, 2012
The Lending Well
Another new entrant has joined the peer-to-peer arena, this time specialising in payday loans.  The Lending Well offers lenders a fixed 12% AER before tax and bad debt for any money lent out.  It charges borrowers 1% per day or a representative 2464.8%… more »