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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 Texas$10500 for My credit card interest rate is too high in Plano
FICO Score: 780+ $18900 for Lower interest rate to reduce payments in Frisco
FICO Score: 714-749 $15000 for Citibank AA MC refinance in Carrollton
FICO Score: 750-779 $9250 for IRS Bill in Houston
FICO Score: 640-659 $12800 for consolidate the rest of my debt in Hockley
FICO Score: 714-749 $2375 for RELIEF in SEABROOK
FICO Score: 660-678 $12800 for consolidate in dripping springs
FICO Score: 750-779 $5500 for Bourg BST-20 collator+folder+stitcher in Royse City
FICO Score: 750-779 $625 for Home improvement in san antonio
FICO Score: 660-678 $6000 for Consolidate credit card debt... in CIBOLO
FICO Score: 714-749 $4000 for Wife is pregant must lower APR! in Houston
FICO Score: 714-749 $9675 for Refinancing a Great Curves for Women in gatesville
FICO Score: 660-678 $5500 for Consolidating debt and new business in Austin
FICO Score: 679-713 $5500 for Home improvement and personal debt in Cedar Park
FICO Score: 714-749 $4400 for Recovery Loan in Flower Mound
FICO Score: 660-678 $12000 for Loan Request in Laredo
FICO Score: 660-678 $5200 for Pay off this card! in San Antonio
FICO Score: 714-749 $10000 for Stop Look Loan in Houston
FICO Score: 660-678 $9600 for my wedding in plano
FICO Score: 640-659 $2900 for My Aid in Austin
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!).
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Borrowing Money has Never Been so Straight Forward - Apply Now
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