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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 West Virginia$1900 for Vincent Howes Peronal Loan Request in Martinsburg
FICO Score: 660-678 $4550 for personal loan in BECKLEY
FICO Score: 679-713 $10000 for Debt consolidation and engagement ring in Hedgesville
FICO Score: 679-713 $6600 for Jumping Off The CREDIT Swing Feet First! in Ranson
FICO Score: 679-713 $1400 for credit building loan in Martinsburg
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!).
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Borrowing Money has Never Been so Straight Forward - Apply Now
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