Financial News Headlines

Lending Club Loans: What Investors Like to See

July 13th, 2010

Share

Lending Club lenders have increasingly been leaving notes on borrowers loan listings about what they would like to see the borrower do in order to make their loan more attractive. Often, lenders suggest that borrowers get their income verified and make sure that they get an “approved credit status” quickly.

Here’s a note left by one Lending Club lender across many loan listings:

“NO questions asked; NO answers required. Email ONLY FYI. After Lending Club Home Office < $1 deposit verifies bank account, NEXT step borrower Employment- Income verification aka “Credit Review”. Employment – income verifications independent of one another. Home Office C

Read more…

Posted in Financial News | No Comments »

Index, Accel bet big on Squarespace

July 12th, 2010

- Lawrence Aragon is the Editor-in-Chief of the Venture Capital Journal and Private Equity Week, both Thomson Reuters publications. This story originally appeared on PE Hub.com. -

Fast-growing Squarespace, a competitor to blogging platforms such as Wordpress and TypePad, recently announced it has taken its first institutional money – a $38.5 million growth investment led by Index Ventures and Accel Partners. The deal values the company between $80 million and $100 million, according to a knowledgeable source.

The New York-based company landed on the Inc. 500 last year, coming in at No. 339. Inc. m

Read more…

Posted in Financial News | No Comments »

Your Take: Would You Raise Your Own Food?

July 10th, 2010

After reading a New York Times story about raising your own rabbits and then listening to an NPR show on raising your own chickens in your backyard for food, I jokingly told my lovely wife that I’d be setting up an area in our backyard for our new petting zoo. We’ve been trying to eat more local produce (we like supporting local businesses, we automatically eat only what is in season, and it’s often tastier than buying it from the store) but we’ve never made that leap for meat.

She seemed puzzled at why I’d want an actual petting zoo in our backyard until I mentioned we’d only have rabbits and chickens. She remembered that on our honeymoon to Hawaii, we ate a lot of fresh eggs at the bed and breakfasts we stayed in. Fresh as in

Read more…

Posted in Financial News | No Comments »

Now Musk blogs on his divorce

July 8th, 2010

Following in his estranged wife’s footsteps, electric carmaker Tesla’s colorful co-founder and Chief Elon Musk is now blogging about his messy divorce. In a lengthy recounting in the Huffington Post, Musk said he wants to ”correct the record” on his personal life but would “rather  stick a fork in my hand” than do it.

“Much as one may wish for privacy, in the 21st century it just doesn’t exist,” he said.

Musk then goes on to counter what he called “awful things…that are simply false” point-by-point in about 1,600 words. Among the main things he address

Read more…

Posted in Financial News | No Comments »

How to Crowd Source Your Lending Club Investment Criteria

July 8th, 2010

Share

A number of personal finance bloggers have posted the criteria that they use to determine which Lending Club loans that they invest in.

Own the Dollar looks for borrowers with “C” credit ratings or lower, longevity in the borrower’s job and borrowers that request smaller loan amounts. He also looks for borrowers with low credit utilization ratios and doesn’t invest more than $50.00 in each loan. Steadfast Finances doesn’t place more than $25.00 in each loan and accepts borrowers that have credit scores of 679 or above and are taking out loans for specific purposes. He also looks for borrowers with job security and a low amount of existing debt. Five Cent

Read more…

Posted in Financial News | No Comments »

Corporate Donations Remind for Haiti Need

July 5th, 2010

Share

Cycdor, a provider of outsourced, face-to-face sales team, has made a donation of 25 large boxes of items including clothing, shoes and first aid supplies to earthquake survivors in Haiti through Haiti Gospel Mission, a non-profit located in Despinos, Haiti.

Although the Haitian earthquake is several months behind us, there is still substantial long term need for the country of Haiti. Thousands upon thousands are homeless and the country’s infrastructure has been strained. Orphanages are now seeing double and triple their previous numbers. T

Read more…

Posted in Financial News | No Comments »