Latest Personal Loan Offers: 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 [...]
Archive for March, 2009
Bad Credit Consumers Can Still Find Sources Of Financial Assistance
March 28th, 2009 
davidguide 
Posted in Social Lenders 
Tags: Consumer debt, Credit card, Financial institution, Home, Loan, Mortgage, Personal finance, United Kingdom 
Comments OffWhat is Peer to Peer Lending?
March 8th, 2009 davidguide 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 [...]
Posted in Borrowers, How it Works, Investing, Loans Tags: Bank, Borrower, Business, Credit, Financial services, Loan, Mortgage, Person-to-person lending Comments OffPeer 2 Peer Lending – Cutting Out The Middle Man
March 8th, 2009 davidguide 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 [...]
Posted in Borrowers, Business Loans, How it Works, Investing, Loans, P2P Loans, Peer To Peer Loans Tags: Business, Credit history, Financial services, Lending Club Borrowers, Loan, Person-to-person lending, Prosper, Unsecured loan Comments OffPeer to Peer Lending – How Interest Rates Are Set by Lending Club
March 8th, 2009 davidguide 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 [...]
Posted in Borrowers, Business Loans, How it Works, Investing, Loans Tags: Business, Credit risk, Interest rate, Investing, Lending Club Borrowers, Loan, Peer-to-peer, Person-to-person lending Comments OffAlternative Types of Business Loans
March 6th, 2009 davidguide 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 [...]
Posted in Peer To Peer Loans Tags: Business, Credit card, Financial services, Interest rate, Loan, Payday loan, Person-to-person lending, Small business Comments OffPeer to Peer Lending – Emerging Industry
March 6th, 2009 davidguide 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 [...]
Posted in Peer To Peer Loans Tags: Business, Credit, Credit card, Financial services, Lending Club Borrowers, Loan, Peer-to-peer, Person-to-person lending Comments OffSmall Business Loan News – Stimulus Bill – Can We Now Get Loans With a SBA Secondary Market?
March 5th, 2009 davidguide 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 [...]
Posted in Business Loans Tags: Administration, Business, Loan, SBA Secondary Market Guarantee Authority, Small business, Small Business Administration, United States, Wall Street Comments Off