Home » Industry News
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?
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, 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 »
How to Become a Lending Club Lender or a Prosper.com Lender
The great recession reminded investors that putting money into the stock market and real estate isn’t as safe of an investment as they may have previously thought. As a result, investors are moving into “safe” assets such as... More of this article »
Akorn, Inc. (NASDAQ: AKRX) Downgraded to a “Neutral” Rating
Equities research analysts at Zacks Investment Research downgraded shares of Akorn, Inc. (NASDAQ: AKRX) from an “outperform” rating to a “neutral” rating in a research note to clients and investors on Monday. Akorn,... More of this article »
Lending Club Sets Eyes on More Venture Capital, Expects 2012 Profitability
Lending Club, a California-based company that operates a peer to peer lending marketplace, recently revealed that they will be eyeing another round of venture capital in 2011 and that the company should be profitable by “early 2012”... More of this article »
Prosper.com Sees 17% Increase in November Loan Demand
Prosper.com, a peer to peer lending company, announce in a press release that they had seen a significant increase in loan demand for their services during the month of November. Here’s the text of the press release: Prosper.com... More of this article »
Becoming Educated about Bad Credit Loans
If you have gone through a tough financial situation that left your credit damaged and now you find you need a loan, instead of feeling defeated you need to know that bad credit loans do exist. As with any loan, the key in taking... More of this article »
Wells Fargo (NYSE: WFC) to Modify $2.4 Billion of Mortgage Loans in California
The Wall Street Journal is reporting that Wells Fargo & Co. (WFC) is agreeing to an estimated $2.4 billion is mortgage modifications for California homeowners. California is the ninth state to reach an agreement with Wells Fargo.... More of this article »
US job market expected to improve slowly but surely
This is a guest post by Neil R. Williams, a financial consultant. He helps and consultants people on financial issues such as their debt problems, credit repair, debt settlement, bankruptcy filing and so. Besides, he writes articles... More of this article »
Mint.com Security: Is Your Financial Data Safe with Mint.com?
Mint.com has gotten a lot of attention lately because of its purchase by Quicken and many are considering using Mint.com as part of their New Year’s resolution goals to get their financial house in order. Mint.com connects with your... More of this article »
Mint.com Review: What You Need to Know About Mint.com Before Signing Up
The New Year is coming soon and many of us will kick off new year’s resolutions to get back into better financial shape after a binge of holiday shopping. There are a many software packages which will help you setup a financial plan... More of this article »
Finding the Best Current Credit Offers
Regardless of your credit or status, finding the best current credit card offers has never been easier. Today, banks, and credit card companies have developed all types of credit cards to meet the needs of just about everyone. ... More of this article »
First Horizon National Corp (NYSE: FHN) Reveals TARP Repayment Plan, But Will Other Regional Banks Follow?
First Horizon National Corp (FHN) said it is selling debt and equity to pay off $867 million of TARP aid. First Horizon’s shares rose as investors cheered its move to shed government support. Analysts said the repayment plan... More of this article »
Bank of America (NYSE: BAC) Changes Course and Begins Settlement Discussions with Mortgage Investors
The Wall St. Journal is reporting that Bank of America Corp. (BAC), after vowing to fight requests that it repurchase certain loans, has begun potential settlement discussions with some of its largest mortgage investors. The 17-member... More of this article »
Capture the Digital Consumer in 3 Steps
This is a guest post by Sanat Rao – Global Head of Sales – Finacle, Infosys Technologies Ltd. ‘I tweet, therefore I am.’ This already-done-to-death adage seems to sum up today’s consumer – technophillic, independent,... More of this article »
Re-Engineered Citi (NYSE: C) Pays Back Treasury – Poised For Growth
A recent blog post from Zacks shows that the reports of Citigroup Inc.’s (C) demise, were premature at best. The optimism surrounding Citi’s recovery goes well beyond finalizing its final sale of all bailout funds received from... More of this article »
Polonia Bankcorp (PBCP) Appointed to Assume Deposits and Assets From Earthstar Bank
The Street is reporting that state regulators appointed Polonia Bancorp to assume the deposits and assets of Earthstar Bank. The Pennsylvania bank brought the total number of bank failures in 2010 to 151. Pennsylvania regulators closed... More of this article »
How to Get a 3-Year or 5-Year Personal Loan on Lending Club
It’s the holiday season and Christmas hasn’t gotten any cheaper this year. If you’ve found yourself in a situation where you need some extra cash this holiday season, Lending Club might have an answer for you. Lending Club, a... More of this article »
Lending Club States: What States Can Participate in Lending Club
Lending Club is an innovative peer-to-peer lending company which allows members on its website to borrow and lend money to one another. Because of the way that lending laws are setup, Lending Club must past compliance in each state... More of this article »
Lending Club Default Rate: How to Reduce Lending Club Defaults
If you’re an investor on Lending Club, you know that the number one thing that can negatively impact your rate of return is borrower defaults. Lending Club gives each borrower a credit rating, but by taking advantage of some other... More of this article »
How to Get Out of Debt Faster with a Debt Consolidation Loan with Lending Club
With most credit cards and lines of credit, you will find yourself in debt for decades if you only make the minimum payment. If you have credit cards, chances are you’re paying an interest rate of upwards of 20%. One company, First... More of this article »
How to Get Approved For a Loan on Lending Club.com
Many people that want to consolidate their credit card debt have been taking advantage of low-interest fixed rate loans that have been offered by Lending Club, a California-based lender whose loans are funded by members on its website.... More of this article »