|
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 Illinois$1625 for Ring Loan in Chicago
FICO Score: 679-713 $12000 for We are paying for our wedding in Chicago
FICO Score: 714-749 $5000 for Personal Loan in CHICAGO
FICO Score: 714-749 $3500 for Auto/consolidate credit in oak lawn
FICO Score: 660-678 $6000 for Credit Card Debt from College in chicago
FICO Score: 640-659 $10000 for Funding in Algonquin
FICO Score: 780+ $5000 for Improvement in Elmhurst
FICO Score: 679-713 $5025 for Consolidating High Interest CCs and Loan in Harvey
FICO Score: 679-713 $9075 for Dan Rakovic Loan in ZION
FICO Score: 640-659 $7500 for Debt Consolidation in Wood Dale
FICO Score: 679-713 $3575 for consolidation in Galena
FICO Score: 714-749 $2400 for Credit card in Bloomington
FICO Score: 679-713 $3975 for cc refi in chicago
FICO Score: 660-678 $9600 for pd.bubba in Chicago
FICO Score: 660-678 $900 for vacation in chicago
FICO Score: 679-713 $5400 for Revamp Income Generating Website in Aurora
FICO Score: 640-659 $375 for Refinance Loan in Warsaw
FICO Score: 679-713 $1100 for Sdolphin in Carol Stream
FICO Score: 679-713 $1500 for Part Time Grad Student Fall Quarter in Chicago
FICO Score: 660-678 $5500 for Engagement Ring Loan in Schaumburg
FICO Score: 679-713
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
|
