photo credit: markhillary
Already we are seeing the results of the demise of the mortgage market due to the sub prime debacle. Lending banks have severely tightened lending criteria as their asset bases erode and the financial sector comes under huge pressure. Wall street does not like to see 2.5 billion dollar write offs from [...]

photo credit: jet200nyc
If you need to make a major purchase, chances are you will not have enough money in just a single paycheck to cover items like appliances, furniture and more. What you need is a personal loan that can help you buy the things you need now, available to you with low monthly [...]

photo credit: king_david_uk
A cover letter is extremely important. You may be sending this to somebody you’ve had little interaction with. Maybe they’ve inquired from a postcard or a friend or somebody. Maybe they called you once or twice. They’re not going to know you very well. You may have mentioned your company name, but [...]

photo credit: VilleHoo
Sometimes the process of getting a loan can seem long and drawn out. It can involve going from lender to lender and filling out countless pages of the same information. Most people are trying to get a loan because they need the money fast.
They are not wanting to spend days upon days [...]

photo credit: wsilver
Person-to-Person lending (also known as Peer-to-Peer or P2P) is fast becoming an attractive way for borrowers and lenders to connect directly. It is like the EBay of the banking world. In the past, you would deposit your funds at the bank and depending on the amount and term, the bank would pay [...]

photo credit: A6U571N
Imagine making money like E-Bay, but in the world of loans. Two years ago, if you lent me money with principal and interest from a family member or friend I would’ve said you are “crazy”! But today there is such an opportunity to get a loan from people who want to [...]

Real estate consumers emerge as the victors in the latest array of real estate bubble headlines. The focus of the media reveals a wide set of information and opinions about real estate markets and practices to the individual property owner and investor. There are several tell-tale indications that hint at the underlying conditions of the [...]

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 [...]