February 6, 2010 in P2P Loans | Tags: Business, Financial services, Interest rate, Lending Club Borrowers, Loan, New York Post, Person-to-person lending, United States
photo credit: AmandaLouise
With banks constricting their lending opportunities for borrowers these past months, The New York Post’s video about the benefits of person-to-person lending is a short but incisive analysis of the credit program. The concept is simple: financial intermediaries are eliminated but the firm manages to match borrowers and lenders together minus the [...]
October 31, 2009 in Peer To Peer Loans | Tags: Business, Financial Industry Regulatory Authority, Investing, Lending Club Borrowers, Loan, Peer-to-peer, SEC, US Securities and Exchange Commission
photo credit: Alan Nakkash
If you were thinking of investing in peer to peer loans and were scared away by the commitments, Lending Club’s trading platform has just added some liquidity.
Investors in peer to peer loans like it for several reasons. One is they could be helping someone. The borrower might need funding to start [...]
October 12, 2009 in How it Works | Tags: Business, Financial services, Lending Club Borrowers, Loan, Peer-to-peer, Person-to-person lending, Prosper Marketplace, Zopa
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 [...]
September 4, 2009 in Investing, Loans | Tags: Business, Credit card, Investment, Lending Club Borrowers, Loan, Mortgage, Person-to-person lending, Unsecured loan
photo credit: epicharmus
Peer to peer lending is often considered riskier than other forms of investment. Looking at peer to peer lending sites like Lending Club, they state the risk of investment is at your own risk and if you are not able to loss your money don’t invest. This is stated on their prospectus [...]
March 8, 2009 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
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 [...]
March 8, 2009 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
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 [...]
March 6, 2009 in Peer To Peer Loans | Tags: Business, Credit, Credit card, Financial services, Lending Club Borrowers, Loan, Peer-to-peer, Person-to-person lending
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 [...]