Peer-to-Peer Lending
Peer to Peer Lending Company Lending Club Featured on CBS News
Lending Club, a company which operates a peer to peer lending marketplace, was recently featured on CBS affiliate WUSA-TV, based out of Washington D.C. The feature which was on the station’s evening news program featured a small business owner that borrowed money from investors through Lending Club’s platform. WUSA also interviewed Lending Club COO John [...]
Personal Loans From Lending Club Now Available in Kansas-Rates Starting at 6.78% APR
REDWOOD CITY, Calif., Oct. 22 /PRNewswire/ — Lending Club (http://www.lendingclub.com), the world’s leading platform for investing in personal loans, is now available to residents in the state of Kansas. Creditworthy borrowers in Kansas now have the opportunity to obtain unsecured loans with fixed rates with an annual percentage rate (APR) starting at 6.78 percent at [...]
Prosper.com Begins Offering 1-Year and 5-Year Peer to Peer Loans
Prosper.com, a company which operates a peer to peer lending market place, recently began offering 1-year and 5-year term loans to borrowers. The move comes several months after one of its competitors, Lending Club, began offering five year loans to borrowers. Previously both companies had only offered personal loans that are funded by members on [...]
Lending Club Cuts Interest Rates for Borrowers–Now Starts at 6.78%
Lending Club, a website which allows its members to lend money to one another, has lowered the interest rates that borrowers pay to other members of the site to respond to changing credit conditions in the marketplace. The California-based peer to peer lending company dropped the starting interest rate from 7.93% for AAA borrowers to [...]
Lending Club Issues $12 Million in Loans in August
Lending Club, a company which operates a peer to peer lending marketplace, hit a record high in loan originations during the month of August, setting up more than $12 million in loans between borrowers and investors on its website. Lending Club is part of a fledgling niche in the financial industry called peer to peer [...]
Lending Club Hires New Managing Director
Lending Club, a company which operates a peer to peer lending marketplace, has hired Joseph Toms in a new managing director role in which he will lead the investment side of Lending Club’s business. Toms previously served as a managing principal for Hilspen Capital Management, a provider of asset market research to institutional investors. Toms [...]
Wall Street Journal Highlights Lending Club and Prosper.com
The Wall Street Journal recently an article about how micro-lending has gotten a boost from the weakened consumer credit market, saying that consumers are increasingly turning to websites such as Prosper.com and LendingClub.com to borrow money when banks turn them down. The article described how the peer-to-peer lending process works, in that investors generally choose [...]
Peer-to-Peer Lending Company Zopa Reaches 100m GBP in Loans
U.K. peer-to-peer lending company Zopa has surpassed more than 100 million GBP in arranged loans as demand for unsecured personal loans has risen at a time when banks have become less willing to issue credit. Zopa said in a statement that the success of its business model, in which members of its website agree to [...]
LendingClub.com and Prosper.com: Not a Scam
If you have ever considered taking out a loan through the internet, you have good reason to be concerned about scams. There are a lot of companies which offer loans online with one-sided agreements and others that are just outright frauds. Because of the increasing popularity in taking out loans through sites like Lending Club [...]
Unsecured and Secured Loans: How They’re Different
Many people that are attempting to manage their financial future effectively will eventually turn to a loan to obtain additional money for their financial needs. A loan can be used for many different things, such as purchasing expensive items, making costly additions or repairs to the home, or buying personal vehicles to transport the person [...]
Peer to Peer Lending Companies: P2P Lending Companies Doing Business in the U.S.
The number of peer to peer lending companies (p2p lending companies) operating in the United States has grown dramatically during the last several years and companies such as Lending Club and Prosper.com have gained a lot of media exposure and these companies are now originating tens of millions of dollars in new loan volume each [...]
LendingClub.com Review: A Full Review of LendingClub.com’s Peer to Peer Lending Services
Banks are cutting back on the amount of lending they are doing and borrowers are turning to peer to peer lending companies, such as LendingClub.com to get a personal loan from. Investors are also turning to LendingClub.com and Prosper.com as a new class of investment as the stock market sits in the doldrums. Here is [...]
Peer to Peer Lending Sites: Companies Which Operate P2P Lending Websites
The peer to peer lending industry has grown dramatically during the last couple of years and the number of peer to peer lending sites (p2p lending sites) has grown dramatically. Companies such as Prosper.com and Lending Club have gained national media exposure and now these companies are originating tens of millions of dollars in new [...]
Lending Club Blog: Blogs that Cover Lending Club Online
Lending Club is an increasingly popular place for personal financiers that want to diversify to make an investment. The service allows people to loan money to borrows through their website and earn a rate of return on their money. A number of personal finance bloggers have even started sharing about their own Lending Club experiences [...]
Lending Club, Prosper and Other Companies: How Peer to Peer Lending Marketplaces Work
Lending Club, Prosper and a few smaller players are part of a fledgling industry known as peer to peer lending, in which companies setup marketplaces so that their users can make loans to one-another, side-stepping banks from the lending process. Typically peer to peer lending companies such as Lending Club, Prosper and others start out [...]
Lending Club Bonus: How to Get a Bonus on Future Lending Club Investments
Lending Club, a company which operates a peer to peer lending market place, is becoming an increasingly popular alternative investment option for investors that aren’t happy with the volatility of the stock market. From time to time, you can also get a Lending Club Bonus when you deposit additional funds into your account to make [...]
Lending Club Forum: Where to Discuss Peer to Peer Lending Online
If you are looking to get started in investing with Lending Club, it’s worth your time to visit one of the Lending Club Forums and read about the ins and out of investing in peer to peer loans, which is becoming an increasingly popular option among investors that are fed up with the roller coaster [...]
Lending Club and Prosper.com: Not a Scam
If you have ever considered taking a loan out online, you have good reason to be weary of scams out there. A number of company that offer loans online have one-sided loan agreements and others are just outright frauds. Because of the increase in popularity of the peer to peer lending industry, many looking for [...]
Peer to Peer Lending Companies: The Best Unsecured Loan Lenders
Borrowing money for just about any reason has gotten more difficult since the recession. You now need a larger down payment to buy a home, a better credit score to get a loan, and banks are increasingly requiring borrowers to put up some form of collateral before they are willing to loan anyone money. Fortunately, [...]
How to Pay Off High Interest Debt Faster with Lending Club
If you have a lot of credit card debt, you might find that it’s very difficult to dig out of that hole because of the high interest rates that banks are now charging credit card customers. Last fall, Citibank announced that even customers with good credit would be having their rates raised to 29.99%. The [...]
How to Get an Unsecured Loan if You Have a Credit Score of 660 Or Above
If you’re in need of some extra money to pay off high interest debt, want to make a major purchase, or have some bills to pay, you can get an unsecured loan from a peer to peer lending site such as Prosper.com or Lending Club if you have a credit score of 660 or above. [...]
How to Get a Signature Loan Online through Peer to Peer Lending Marketplaces
If you’re in need of some extra cash, but don’t have any collateral to put up to guarantee a loan, consider getting a signature loan from a peer to peer lending website such as Lending Club or Prosper.com If you’re not familiar with the term signature loan, it simply means that you are taking out [...]
Peer to Peer Lending: Lending Club’s Note Trading Platform
Lending Club, a peer to peer lending service, allows investors to fund loans to borrowers over a three or five year period. Most investors on the site invest in newly originated loans, but often investors don’t have the financial capability to hold their loan through to its date of maturity. As a result, Lending Club [...]
iPhone Developer users Peer To Peer Lending to Fund Game Development
iPhone developers and other small business owners often have difficulty in getting their projects financed because of the high risk nature of their operations. One independent developer, 6th Mega, has turned to the world of peer to peer lending in order to find funding for their latest game, Puff Puff. Puff Puff is available for [...]
How to Get a Loan through a Peer to Peer Lending Website
If you are in need of a loan to make a major purchase such as a car, consolidate your debt, pay for college, or just need some extra cash, consider getting a loan from one of the two companies in the fledgling peer to peer lending business, Prosper.com or Lending Club. Getting a loan through [...]
Prosper.com Makes Changes to Peer to Peer Lending Borrowing Requirements
Prosper.com, a peer to peer lending company, has changed some of the fees and requirements that it places upon borrowers that take out peer to peer loans on its website. The company noted the changes in a blog post on its website last week. Regarding loan amount changes, the company wrote, “Prosper loan amounts continue [...]
Lending Club By the Numbers
Lending Club issued a press release last week detailing a number of updated statistics about its peer to peer lending marketplace. Here are some key excerpts from the press release: There are now more than 40,000 investors on Lending Club Lending Club is now funding more than $10 million in loans per month Consumers can [...]
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