|
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 Georgia$7500 for bill consilidation in austell FICO Score: 714-749 $10000 for Scholarship Fund in Atlanta FICO Score: 679-713 $7200 for personal loan in duluth FICO Score: 714-749 $12000 for Pay High % AMEX Credit Card for business in FAIRBURN FICO Score: 679-713 $8200 for Business Loan for Sylvan in LaGrange FICO Score: 714-749 $7000 for debt consolidation in mableton FICO Score: 679-713 $3000 for Investment Funds in Norcross FICO Score: 679-713 $16225 for refinancing credit cards in duluth FICO Score: 640-659 $16000 for Debt Consolidation in Duluth FICO Score: 660-678 $2000 for Consolidation in DOUGLASVILLE FICO Score: 640-659 $6275 for Loan Consolidation in Snellville FICO Score: 640-659 $6000 for Wedding in atlanta FICO Score: 660-678 $7500 for School tuition in Smyrna FICO Score: 660-678 $5000 for Cheerleading Fees and Debt Consolidation in Lawrenceville FICO Score: 640-659 $8500 for THE SAFEST INVESTMENT in MARIETTA FICO Score: 714-749 $25000 for Captial Financing in Woodstock FICO Score: 750-779 $5000 for personal loan in atlanta FICO Score: 714-749 $500 for Car Repairs in sandy springs FICO Score: 640-659 $1650 for My sons Pre-med education and expenses in Suwanee FICO Score: 679-713 $5050 for Home Improvement in CANTON FICO Score: 714-749
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
|