|
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$7000 for Engagement Ring in Atlanta
FICO Score: 714-749 $16000 for Purchase Vehicles for Rent-to-Own Dealer in marietta
FICO Score: 714-749 $5450 for Performance Bond in Canton
FICO Score: 750-779 $1650 for SHORT CYCLE LOAN in Atlanta
FICO Score: 640-659 $18875 for Business Funding in Snellville
FICO Score: 640-659 $4000 for personal in oakwood
FICO Score: 714-749 $6000 for Wedding in atlanta
FICO Score: 660-678 $450 for Buying Foreclosed Home in Norcross
FICO Score: 640-659 $12000 for Debt Consolidation Loan in Tifton
FICO Score: 679-713 $3000 for Investing in a SOLID business! in Stockbridge
FICO Score: 714-749 $10000 for Debt consolidation in Doraville
FICO Score: 714-749 $16000 for A business in McDonough
FICO Score: 679-713 $700 for Get out of debt in Smyrna
FICO Score: 660-678 $1875 for Working Capital Investment in Dacula
FICO Score: 714-749 $4000 for Want to Pay Off College Debt in Lilburn
FICO Score: 640-659 $1200 for Getting Out Of Debt in Valdosta
FICO Score: 640-659 $1500 for Paying off tuition and books in Lawrenceville
FICO Score: 640-659 $15000 for Home repair and payoff of medical bills in College Park
FICO Score: 640-659 $3500 for Vending Machines in atlanta
FICO Score: 780+ $4550 for Buyer for my home wants repairs & fence in Decatur
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
|
