|
How is this Possible?
The Lending Club is a social lending network. Borrowers with good credit can bypass banks and credit cards for lower rates. At the Lending Club members lend and borrow money from each other at better rates, bypassing the banks. More than $20,000,000 in loans have been issued by Lending Club at better rates than bank rates.
Look at the types of loans already made by Lending Club to people in Connecticut$10000 for Wedding in New Haven
FICO Score: 640-659 $15450 for Refinance in Manchester
FICO Score: 679-713 $3600 for Personal in Milford
FICO Score: 679-713 $9000 for Marini a r in STRATFORD
FICO Score: 679-713 $13150 for Car and Credit Debt Consolidation in Westbrook
FICO Score: 679-713 $8400 for Car repair and Bill consolidation in brdigeport
FICO Score: 679-713 $5000 for Aroundthehouse in Southport
FICO Score: 750-779 $10500 for roof in West Hartford
FICO Score: 714-749 $20000 for Loan to consolidate debt in Stamford
FICO Score: 679-713 $6000 for need to eliminate high interest loan in Branford
FICO Score: 640-659 $4000 for Consolidating Date for Home Purchase in Ridgefield
FICO Score: 640-659 $10000 for fixing my house in East Hartford
FICO Score: 714-749 $2400 for Books/Car in North Windham
FICO Score: 660-678 $1800 for Car Loan in Wallingford
FICO Score: 750-779 $3000 for Continuing to build my credit! in Stamford
FICO Score: 714-749 $4000 for Olf Veldhuisloan in New Canaan
FICO Score: 714-749 $14700 for personal in bristol
FICO Score: 679-713 $5600 for pay off credit cards in Milford
FICO Score: 679-713 $8000 for Car loan in Stamford
FICO Score: 679-713 $5100 for To pay off a credit card in Bristol
FICO Score: 750-779
In the worst of times, Lending Club is the best of options. Prosper.com began the P2P or social lending market, which allows people to lend to people in an auction like market place. The Lending Club came a couple of years later and is also a social lending network where members lend and borrow money from each other at better rates, bypassing the banks.
Well, if Prosper started the revolution, then why not use their platform to get a loan?
Because Prosper has gone into hibernation waiting on a filing with the SEC, leaving the Lending Club as the best alternative to borrowing from banks or other financial institutions (if they are lending that is!).
|
Lijit Search
|
Borrowing Money has Never Been so Straight Forward - Apply Now
|
