|
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 Wisconsin$200 for Pay off credit cards at 19 and 22% in Madison
FICO Score: 679-713 $15000 for Ambitious start-up ready to grow in Slinger
FICO Score: 714-749 $5000 for bathroom remodeling in Madison
FICO Score: 780+ $10000 for Lease-Option Condo Purchase in Lake Geneva
FICO Score: 679-713 $5000 for home improvment loan in Oconomowoc
FICO Score: 714-749 $500 for consolidate credit cards in Madison
FICO Score: 679-713 $275 for MY Loan in Rice Lake
FICO Score: 679-713 $25000 for Business Start-Up in Neenah
FICO Score: 679-713 $650 for Bills in Evansville
FICO Score: 640-659 $9325 for Supporting My Education in West Milwaukee
FICO Score: 714-749 $15000 for Credit Card Debt in La Crosse
FICO Score: 714-749 $11200 for Consolidation of Credit Cards in Greendale
FICO Score: 679-713 $650 for Consolidation in Rothschild
FICO Score: 780+ $8000 for My loan in Hartford
FICO Score: 640-659 $10000 for Car Loan in Eagle
FICO Score: 780+ $3175 for Debt Consolidation Loan in South Milwaukee
FICO Score: 714-749 $1475 for Business bridge loan in Sun Prairie
FICO Score: 640-659 $500 for Paying 95% Interest on Loan-HELP in milwaukee
FICO Score: 660-678 $1275 for Relocation in Oconomowoc
FICO Score: 679-713 $5000 for personal loan in edgerton
FICO Score: 640-659
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
|
