The fledgling peer to peer lending industry has gained some additional press coverage this week with a feature from KABC-TV, Los Angeles’ ABC affiliate, which ran a story that featured a Lending Club borrower that took out a personal loan to pay off her credit card balances. KABC also interviewed Lending Club investors as well.
” If you’re looking to borrow money to pay off bills or buy a new vehicle, you don’t have to apply for a loan at a bank or credit union. Many people are asking and getting loans from strangers, and saving a ton of money”, wrote the reporter.
Here’s the video:
