Comments on: CircleLending Becomes Virgin Money USA; Gets Makeover and Millions in Funding

By: Lendoza - news & information on p2p lending and the social finance industry - Social Lending Profiles - Virgin Money

Sat, 17 May 2008 19:27:40 +0000

[...] Family-owned Venrock Asssociates in 2006. A year later, Richard Branson’s Virgin Group purchased a majority stake in the company for an undisclosed amount and rebranded the company under the Virgin USA banner as Virgin Money [...]

By: borrowing money

borrowing money — Sun, 28 Oct 2007 02:29:41 +0000

borrowing money…

borrowing money…

By: Alex

Alex — Wed, 17 Oct 2007 22:54:27 +0000

@9 Sipboy

Keep me abreast of your developments. I think your idea has legs. Put me on your email list

sm1224 a gmail

By: Sipboy

Sipboy — Wed, 17 Oct 2007 20:27:01 +0000

@9 My website is http://www.auctionbuyback.com. Thanks!

By: Sipboy

Sipboy — Wed, 17 Oct 2007 20:25:41 +0000

I have used Prosper and it worked out well for me as a borrower. I needed a bridge loan to cover expenses I was incurring while recovering from congestive heart failure. I then tried lending money as a “pay-it-forward” deal, but it seems very risky because the return on my loans are not very good. I am now in the process of trying to create a similar style of lending by using commodities and assets like gold and etc. I am a Pawnbroker by trade and I am trying to figure out how to bring this type of lending to the web. Something like Prosper, Zopa, Lending Club, etc., but using collateral as security. It is a win-win situation in the offline environment. I think it could also be the same online. If anyone thinks this is a good idea, visit my website and send me some feedback.

By: NSC

NSC — Wed, 17 Oct 2007 16:52:25 +0000

These companies are very interesting and I wonder how and when this could be regulated. It blurs the line between banking and investments and seems to give more power to the people. As a potential lender I would be a little worried about my return and risk.

If anyone has used this/similar services care to comment on their experience?

By: Ciaran

Ciaran — Wed, 17 Oct 2007 08:10:53 +0000

This is a very interesting move; whilst over here in the UK Mr Branson looks to expand his financial portfolio by taking over a troubled (traditional) mortgage provider, over there he’s being a lot more adventurous. I wonder whether this is a sign of things to come back here…

By: Not Richard Branson

Not Richard Branson — Wed, 17 Oct 2007 07:59:34 +0000

Once again, America… you’re welcome.

Virgin is always trying to do the right thing for our customers. The services you want, the customer service you deserve, and a hip brand, too.

Fake Steve… they didn’t come to you because you do SOFTWARE, not banking. Virgin does it all! (We’ve talked about this before…)

Warm regards,
Sir Dick

By: Drew Meyers

Drew Meyers — Wed, 17 Oct 2007 06:54:13 +0000

I would love to see you guys do an overview post on microlending to entrepreneurs in 3rd world countries. Are there any other sites that have the same focus as kiva?

By: Ed

Ed — Wed, 17 Oct 2007 05:22:04 +0000

@ Stevie Wonder Ballmer (Fake and real) - Because….they….want to remain hip? When was the last time you or Gates jumped down the side of a building and injured yerselfs??

By: Steve Ballmer

Steve Ballmer — Wed, 17 Oct 2007 03:12:10 +0000

Impressive, but why didn’t they come to me?
http://fakesteveballmer.blogspot.com

By: Ed

Ed — Wed, 17 Oct 2007 02:47:39 +0000

So now Richie wants to handle our money? Aren’t the hun’rds of otha services his empire gives enough?

By: The Business of Software

The Business of Software — Wed, 17 Oct 2007 02:35:24 +0000

I’d have thought this constitutes banking and therefore should be heavily regulated.