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Getting Involved in the Peer to Peer Lending Industry

Getting Involved in the Peer to Peer Lending Industry

Banks have made money off of their customers for the last two years by taking money from savers at low interest rates and lending the money out at higher interest rates on mortgages, credit cards and other debt. Many savers and investors... More of this article »
Lending Club Review: What You Need to Know About Lending Club in 2014

Lending Club Review: What You Need to Know About Lending Club in 2014

Although the Federal Reserve has made borrowing incredibly cheap, lending companies are still hesitant to make many types of loans, including unsecured personal loans to individual borrowers and loans to small businesses. Many banks... More of this article »
Peer to Peer Lending Becomes Increasingly Popular

Peer to Peer Lending Becomes Increasingly Popular

The recession has been over for more than 18 months, yet unemployment remains stubbornly high and those that wish to borrower are still largely having trouble borrowing money at descent interest rates. Those that might own a small... More of this article »
Lending Club Increases Maximum Loan Size

Lending Club Increases Maximum Loan Size

Lending Club, a peer-to-peer lending company based out of California, announced today that the maximum loan size that borrowers could take out has increased from $25,000 to $35,000. Here’s the press release: Redwood City, CA... More of this article »
Prosper.com Review 2011: A Revamped Peer to Peer Lending Company

Prosper.com Review 2011: A Revamped Peer to Peer Lending Company

The peer to peer lending industry is now close to five years old. Both Lending Club and Prosper.com made it past severe growing pains in 2008 when the SEC forced the two companies to register their loans to comply with the Securities... More of this article »
ReadyForZero Partners with Lending Club, a Peer to Peer Lending Firm.

ReadyForZero Partners with Lending Club, a Peer to Peer Lending Firm.

A new Y-Combinator-backed start-up, ReadyForZero, hopes to help people get out of their credit card debt one month at a time. The company makes use of a debtor’s credit report data, cash flow, spending habits and helps consumers... More of this article »
Lending Club, a Peer to Peer Lending Company, to Move Headquarters to San Francisco

Lending Club, a Peer to Peer Lending Company, to Move Headquarters to San Francisco

Lending Club, a peer to peer lending company based out of California, will be moving its headquarters from Redwood City to downtown San Francisco later this year, according to a report from the San Francisco Business Journal. Lending... More of this article »
Lending Club Surpasses $200 Million in Loan Originations, Now World’s Largest P2P Lending Firm

Lending Club Surpasses $200 Million in Loan Originations, Now World’s Largest P2P Lending Firm

Lending Club, a San Francisco-based peer to peer lending company, announced that it has origination more than $200 million in loans since 2007, making the company the largest peer to peer lending company in the world in terms of total... More of this article »
Prosper.com Releases 2010 Peer to Peer Lending Market Data

Prosper.com Releases 2010 Peer to Peer Lending Market Data

Prosper.com, a peer to peer lending company based out of California, recently announced its lending data f or the year of 2010. The company boasted that its investors have earned, on average , a 10.1% rate of return. Here’s the... More of this article »
How to Get a Peer to Peer Business Loan for Your Company

How to Get a Peer to Peer Business Loan for Your Company

If you’re a small business owner and need to take out a loan, you’ll have a hard time getting one from a bank, but you might be able to get one from individuals via a peer to peer lending company. Typically funds from angel investors... More of this article »
Lending Club Investment Strategies: How to Pick Good Borrowers

Lending Club Investment Strategies: How to Pick Good Borrowers

Investing in consumer debt through peer to peer lending companies is becoming an increasingly popular investment for those looking for exposure outside of the stock market, but not everyone have had success. To be a successful peer... More of this article »
Prosper.com and Lending Club Borrowers: How to Get Your Loan Funded

Prosper.com and Lending Club Borrowers: How to Get Your Loan Funded

If you’re looking to get a loan on Lending Club or Prosper as a borrower, you will have to create a loan listing and clearly communicate what your needs are for a loan so that it can get fully funded. Many loans do get fully funded,... More of this article »
Prosper.com and Lending Club: Which Company Has the Best Interest Rates?

Prosper.com and Lending Club: Which Company Has the Best Interest Rates?

Both Prosper.com and Lending Club offer fixed-rate unsecured loans that amortize over a period of 3 years or 5 years. Although the loan products that borrowers are getting are essentially the same from both companies, the interest... More of this article »
Comparing Peer to Peer Lending and Online Savings Accounts

Comparing Peer to Peer Lending and Online Savings Accounts

The Federal Reserve appears to have no interest in raising their target interest rate above near zero for the immediate future, leaving interest rates on savings accounts depressed. “High-Yield” savings accounts are offering interest... More of this article »
Lending Club Partners with Credit Sesame

Lending Club Partners with Credit Sesame

UNNYVALE, Calif – Jan. 12, 2011 – Credit Sesame, a free online tool that provides the best way for consumers to save money on debt and loans, has added Lending Club, the world’s leading platform for investing in and obtaining... More of this article »
Prosper.com Cuts Interest Rates for Borrowers

Prosper.com Cuts Interest Rates for Borrowers

Prosper.com, a company which operates a peer to peer lending marketplace, has recently decreased the interest rates that it charges to borrowers. Previously, borrowers with Prosper.com’s top credit rating would pay interest rates... More of this article »
How to Consolidate Your Debt with a Lending Club Loan

How to Consolidate Your Debt with a Lending Club Loan

As the economy moves beyond the era known as the great recession, consumers are increasingly paying off their debt to get on a better financial footing. Many successfully use strategies such as the “debt snowball” to pay off debt.... More of this article »
Three Lending Club Investment Strategies

Three Lending Club Investment Strategies

Investors are facing more volatility in the stock and real estate markets and are turning to alternative investments to diversify their investment portfolio. Many investors are now giving peer to peer lending websites a look as a way... More of this article »
Lending Club Loan Types: Which Perform Best

Lending Club Loan Types: Which Perform Best

Lending Club revamped the statistics section of its website last year and investors are getting a better idea of how different loan types perform. Previously, investors had some hints about what typed of loans performed better from... More of this article »
How to Get a Peer to Peer Loan Online

How to Get a Peer to Peer Loan Online

If you’re looking to get any sort of personal loan online, you’ll be hit with offers from hundreds of different finance companies and banks. Many of them are riddled by high interest rates and undesirable terms, but there are a... More of this article »
Prosper.com Stops Lending to High Risk Borrowers

Prosper.com Stops Lending to High Risk Borrowers

Prosper.com, a San Francisco-based peer to peer lending company, is no longer offering loans to high-risk borrowers. The change, viewed by many as an attempt to reduce default rates, comes as the company also eliminated its auction... More of this article »
Better Loan Resolution for 2011: Credit Sesame and Lending Club Partner to Save People Money

Better Loan Resolution for 2011: Credit Sesame and Lending Club Partner to Save People Money

SUNNYVALE, Calif – Jan. 12, 2011 – Credit Sesame, a free online tool that provides the best way for consumers to save money on debt and loans, has added Lending Club, the world’s leading platform for investing in and obtaining... More of this article »
Prosper.com and Lending Club: An Introduction to Peer to Peer Lending

Prosper.com and Lending Club: An Introduction to Peer to Peer Lending

Peer to peer lending companies have gotten a lot of coverage in major publications, such as Bloomberg News, as of late. Prosper.com and Lending Club are now issuing millions of dollars in loans each month, but both peer to peer lending... More of this article »
Should You Get a Personal Loan from Lending Club?

Should You Get a Personal Loan from Lending Club?

Companies which operate peer to peer lending services, such as Lending Club, have seen significant growth in 2010 and into 2011. Consumers are using these services because they can get better interest rate for personal loans than they... More of this article »
Prosper.com Moves Away from “Auction Model” Peer to Peer Lending

Prosper.com Moves Away from “Auction Model” Peer to Peer Lending

Prosper.com, a company which allows members of its website to make loans to one another, has significantly changed its lending model. Previously, borrowers would place loan listings on Prosper.com and investors would bid to fund a... More of this article »