We all know that your credit score can be like an albatross hanging around your neck, as it can serve as a painful reminder of any financial mistakes you have made in the past. Not only can it limit your options in life, but it can also prevent you from taking out a loan […]
Based in San Francisco, Lending Club is one of the largest peer-to-peer lending platforms in the world, and it was one of the first companies to offer both securities and loan trading. It started out as one of the first apps offered on Facebook, and it has grown tremendously since then.
In recent years, it […]
Modest Money’s Lending Club Review
Lending Club in a Nutshell
Lending Club is America’s most recognizable name in Peer to Peer (P2P) borrowing. American P2P has had some difficult early years, but the basic concept – people lending money to other people online, at great rates, with lots of safety measures – is stellar. Lending Club […]
Ever since the Great Recession of 2007, many banks have closed their doors on small business loans, as higher costs and more government regulation have made it less profitable for them. Even businesses that are considered to be “financially healthy” are being turned down. This has made it harder for business owners to get […]
Prosper is one of America’s two well known Peer to Peer (P2P) lending companies. They provide a way for individual borrowers and lenders (regular people like you and me) to make loan agreements between each other, using Prosper’s platform to broker the deals. As a borrower, all you have to do is fill out […]
So what’s the best way to get a P2P Business Loan? Step 1: Live in Europe. Alas, most of you do not. The reason I say this is because P2P is robust in the UK. Lots of competition, healthy regulation, and a real commitment to the “peer” ethos of P2P have made this a […]
Prosper, like Lending Club, is one of several peer-to-peer lending companies that have given people a cheaper alternative to what is often found in commercial banks. Their credit requirements aren’t as strict, and they have lower interest rates – that is, if you have good credit.
Some people would find this method of borrowing money […]
Since the rise of peer-to-peer lending, banks have tried to scare people out of participating in these alternative programs. They want to convince people that the safest way to borrow money is through them, but is it really working?
Some say that the Great Recession of 2007 was caused by excessive de-regulation mixed with a […]
Lending Club is one of the first companies to offer peer-to-peer lending services to both individuals and small businesses. It started out as one of the first apps on Facebook, and it has grown considerably since then. As a public company, it has staked its claim in the peer-to-peer lending game. And while this […]
Peer to peer lending (P2P) is the fastest way for regular people to get affordable loans online. Prosper is one of a number of P2P services that have sprung up in the United States over the past decade or so. For users with a mid-to-strong credit score, reasonable interest rates and fast processing make […]