All Posts Tagged With: "Lending Club"

With the Federal Reserve keeping target interest rates near zero, consumers are becoming increasingly disappointed with the interest rates being offered by traditional “high-yield” savings accounts and are looking for investment options that will offer them higher-rates of returns. Many have looked into lending their money to people instead of banks through peer-to-peer lending brokers [...]

Banks and credit card companies have been raising interest rates that they are charging customers for no other reason than because banks have made poor financial decisions and want consumers to pay for it. Now you the consumer have an option of fighting back against the banks by consolidating your debt by borrowing money from [...]

Peer-to-peer loans have become an increasingly popular way for investors to diversify their portfolios, but some have failed to use these services properly and have left themselves unprotected. Make sure to diversify your loan portfolio to maximize your investment with Lending Club or Prosper. On a recent online conference, the Lending Club team shared the [...]

During the month of August 2009, Lending Club.com originated a total of $4.3 million in loans and its older brother Prosper.com only originated $905 thousand. Prosper.com pioneered the peer-to-peer lending industry in the United States in 2006, along with Zopa, which is no longer operating in the United States. It first brought forth the idea [...]

In the last 12 months, the amount of credit that banks have available to them to loan to customers has drop significantly, as a result 65% of banks nation-wide have tightened up their lending standards making it hard for consumers to get loans for major purchases and to refinance debt. As a result, peer-to-peer lending [...]

If there’s any new financial product that has been the darling of personal finance blogs across the web in the last couple of years, it’s peer to peer lending services. They have received a lot of interest from people who are extremely interested in their personal finances, but Prosper, Lending Club and other peer to [...]