Military Guide summary on P2P

[edward]

http://the-military-guide.com/2013/06/06/more-problems-with-peer-to-peer-lending/" class="bbc_link" target="_blank">http://the-military-guide.com/2013/06/06/more-problems-with-peer-to-peer-lending/

Third in a series about Lending Club and Prosper. Thanks to this LendAcademy forum not much new information in this article for me. Saw a few things I think are not quite accurate or are missing needed elaboration or clarification--so be sure to investigate for yourself. Haven't read the first 2 parts, but they are linked in the article. Extremely long posting, with this final part basically full of caution about P2P still being a new asset class with insufficient history to know how things will go in a changing economy or if major problems occur on either LC or Prosper platforms. I think all of the problems mentioned in the article have been discussed on this forum before. But there may be some information for investors new to P2P. Doesn't change my investment plans though.