That's pretty interesting that he'd put his money into Prosper rather than Lending Club (lendingclub.com). Maybe as a company it's currently more profitable, bu

That's pretty interesting that he'd put his money into Prosper rather than Lending Club (lendingclub.com). Maybe as a company it's currently more profitable, but for investors (ie. people making the P2P loans), its far more risky than lending club. I just started up using lending club, and I chose it over prosper because of lending club's more rigorous screening process for who can obtain loans (must have a 660 credit score to qualify for even the lowest grade loans). As such, lending club loans have a far lower default rate across the board (Prosper indicates a >20% charge-off rate -- that's 20% of loans becoming unrecoverable losses. Lending club has a year-to-year default rate of only ~5% for even its lowest-grade loans). Anyone else doing P2P lending?