Prosper Automated Investing with Nickel Steamroller

I recently got to a point financially where I was comfortable investing with Prosper.  I wanted to be able to compare the two platforms as well as diversify my peer to peer lending investments across both Lending Club and Prosper. As an added bonus, you get to follow along as I report on my returns and learn how I invest with Prosper.  Since I have no interest in hand selecting loans, it was a no brainer for me to automate with Nickel Steamroller - which is currently free. If you’re interested in automating your investing with Nickel Steamroller, please be sure to contact them and let them know I sent you.  They also offer automation with Lending Club and in my opinion are the number one resource for peer to peer lending analytics. In my next post, I plan to outline more in detail my thoughts on investing with Prosper, but for now here is my latest video on automating my Prosper investing with Nickel Steamroller!

You can check out and subscribe to the Peer & Social Lending YouTube channel here

Unsecured Peer to Peer Loans with Lending Club and Prosper (And what borrowers REALLY need to know)

NoDebt_WithP2PLendingMuch of the content of this blog has been dedicated to investing in unsecured peer to peer loans with Lending Club and Prosper. However, there is much more to the industry than the potential for solid returns.  Consolidation of credit is the main reason for people to apply for peer to peer loans.  These are real people who can benefit immensely from receiving a lower rate than their credit cards charge - eventually breaking free from debt altogether. In this post, I’ll outline a few of the benefits of getting a loan through Prosper or Lending Club for borrowers. [Read more...]

Nickel Steamroller 2.0 Released!

nickelsteamrollerlogoBack in December, we featured our Q & A with Nickel Steamroller in anticipation for the new version of their site.  If you haven’t already heard, Nickel Steamroller released version 2.0 a couple of weeks ago which includes a great amount of analytics for p2p lending that regular Nickel Steamroller users have been accustomed too.  One big change you will notice is the addition of Prosper analytics.   [Read more...]

Peer to Peer Lending Automation - The Key to Investing in Lending Club


If only it were this easy…

Over the last couple of months, we have featured 3 tools for automating your investments in Lending Club.  Before the question and answer sessions we posted, my process for my investing was completely manual. Brian was investing manually as well and he actually setup a third party mobile app to send him notifications just before Lending Club releases notes.  Even with my relatively small account, I was missing feeding times and had available cash just sitting in my account pretty often.  Automation tools are starting to mature and I decided that it was finally time for me to try them out and hopefully help others who were considering automation.  [Read more...]

Q & A with Nickel Steamroller - A Look Into What’s to Come

nickelsteamrollerlogoThis is our second post in a series of posts of third party tools for peer to peer lending.  Our first post featured automated investing with LendingRobot.  In this session, we will be featuring a Q & A with Michael from Nickel Steamroller, which is a great source of information for everything LendingClub and Prosper. [Read more...]