#216 Why peer-to-peer lending on platforms like Lending Club and Upstart is no place for individuals to invest given higher defaults, lower returns and competition from institutional investors. Thanks to Circle Invest for sponsoring today's episode.For show notes and more information on this episode click here.Episode Chronology[1:04] There are a lot of issues going on with the global P2P lending market[5:34] How the P2P lending environment has changed over the past few years[11:24] Why advertised returns are higher than actual returns[15:35] How are these P2P lending platforms surviving?[21:26] How these 3 credit enhancements impact the P2P lending market[25:51] Individual investors don’t do as well in P2P lending environments - here’s why[30:00] Here’s the bottom line on why you should avoid P2P lending investments