Lending Club’s Advantage
Lending Club is Available to Residents of the following states
Alaska – Arizona – Arkansas – California – Colorado – Connecticut – Delaware – Florida – Georgia – Hawaii – Illinois – Kansas – Kentucky – Louisiana – Maryland – Massachusetts – Michigan – Minnesota – Mississippi – Missouri – Montana – Nevada – New Hampshire – New Jersey – New Mexico – New York – North Dakota – Ohio – Oklahoma – Oregon – Pennsylvania – Rhode Island – South Carolina – South Dakota – Texas – Utah – Vermont – Virginia – Washington – West Virginia – Wisconsin – Wyoming
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. Two important points:
- Lending Club allows borrowers to get loans at better rates
- Lending Club takes banks out of the equation
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!).
Is the Lending Club for anyone? Not, exactly. They only accept US-based credit worthy borrowers with 640+ FICO score and no current delinquencies. Find out if you qualify by clicking on the Lending Club banner. Or just visit the site to find out more about social lending and the advantages it has over conventional borrowing – especially in the present financial environment.
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