|
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 Michigan$8500 for lease payoff in Grand Blanc
FICO Score: 660-678 $2000 for Cheshire in Westland
FICO Score: 714-749 $8000 for Going Towards living debt free! in Wyoming
FICO Score: 679-713 $5900 for Credit card repayment in Novi
FICO Score: 679-713 $5000 for Triple thread business loan in Royall Oak
FICO Score: 679-713 $7500 for Refinance credit card debt in Northville
FICO Score: 660-678 $3375 for Business Expansion in South Lyon
FICO Score: 714-749 $2250 for New Business Start Up in Clinton Township
FICO Score: 780+ $18000 for Credit Card Insanity in Farmington
FICO Score: 660-678 $50 for Home Improvement in ruth
FICO Score: 679-713 $4800 for House needs a new roof in Grand Rapids
FICO Score: 714-749 $2600 for Debt Consolidation in Saginaw
FICO Score: 660-678 $1375 for Credit Card Debt in Dearborn
FICO Score: 679-713 $7500 for Debt consolidation in Northville
FICO Score: 660-678 $8000 for Business Loan in Canton
FICO Score: 679-713 $11000 for Debt Consolidation in Waterford
FICO Score: 660-678 $6000 for Kalamazoo Konsolidation in Kalamazoo
FICO Score: 714-749 $2125 for Flight Training in Byron Center
FICO Score: 679-713 $10000 for Helping to fight against child abuse in Standish
FICO Score: 780+ $1750 for Ford Torres in Cassopolis
FICO Score: 660-678
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
|
