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 [...]
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 [...]