photo credit: Danny_m
In the last few years, consumer debt in Britain has been spiralling: from credit card debt to large mortgage burdens, it seems that UK spenders have become a nation of borrowers. A recent article in the Guardian newspaper claimed that consumer debt is estimated to be rising by around 10 per cent [...]

photo credit: ericskiff
If you have heard the term peer to peer lending or social lending or have never heard it before, the process is growing in popularity day by day. It definition is implicit in the name peer to peer lending and it is the process of individuals lending money to each other.
It is [...]

photo credit: karpov the wrecked train
In the past getting a loan used to be a pretty intimidating process, getting dressed in your Sunday best, looking your best and venturing into town to the bank for a date with the Bank Manager. Once there you used to have to throw yourself at the mercy of [...]

photo credit: norrelb
With any investment or loan there needs to be an interest rate charged. Lending Club uses a formula that takes into account several factors, but it really begins with the assigning of a loan grade.
The first step in getting any peer to peer loan on Lending Club is borrowers must apply for [...]

photo credit: karpov the wrecked train
As the credit crunch continues, more and more business owners and entrepreneurs are turning to less traditional methods of business financing. Usually, the requirements for receiving these non-traditional business loans are not as strict as bank requirements, even during times of a booming economy. Now, as people who would [...]

photo credit: The Digital Movement
For individuals seeking a loan for the reasons of debt consolidation, auto loan, student loan, small business loan or any other personal loan, there is a new option of funding through peer to peer lending. This option is relativity new and has become a completely separate industry. It is growing [...]

photo credit: tristanbrand

The word is out that the new stimulus bill (American Recovery and Reinvestment Act of 2009) has a special provision creating a Federal government secondary market for SBA guaranteed loans. If you are a small business owner, will this loosen up my lender purse strings and allow some money to trickle down [...]