Peer-to-Peer Lending

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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 are now trying to side-step banks and make loans directly out to other […]
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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 have tightened their lending criteria so that only a small fraction of borrowers can actually get loans. Fortunately for borrowers and […]
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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 business or want to take out money on ac consumer loan will probably find themselves disappointed when […]
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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 – Feb. 15, 2011 – Lending Club (http://www.lendingclub.com), the world’s leading platform for investing in and obtaining personal loans, today […]
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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 act. Both companies are now accelerating the amount of loans they are providing […]
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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 develop a plan to pay off its debt. The company has also established strategic partnerships, such as […]
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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 Club CEO Renaud Laplanche told the Business Journal that the company is still negotiating its lease for […]
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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 loan dollars originated. Here’s the press releases from PRNewsWire: Lending Club (http://www.lendingclub.com), the world’s leading […]
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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 press release from BusinessWire: Prosper.com, America’s first peer-to-peer lending marketplace with more than one million […]
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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 or from venture capitalist require a lot of groundwork and […]
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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 to peer lender, you’ll have to evaluate each borrower individually for a number of factors. Peer-to-peer lending companies […]
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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, but there are always a percentage of loans that […]
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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 rates that borrowers will pay can vary dramatically between the companies. Over the last couple of years, the […]
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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 rates as low as 1% and man savers have been left disappointed. As a result, some people are looking to move […]
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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 personal loans, to its solution. Qualified Credit Sesame users can now see lower-interest, fixed-rate personal […]
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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 of 7.6% APR. Prosper.com recently announced that its best customers would now receive personal loans with interest rates as low as 5.9% […]
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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. Debt repayment plans such as the debt snowball can successfully help people pay off debt. Debtors […]
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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 to invest in consumer debt, but there is some skill required if you are going to be […]
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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 the company’s webcasts, but now Lending Club publishes the average rate of return for loans based on the […]
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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 few good options if you search around.  If you’re looking to borrow money for a […]
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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 model. Prosper.com’s risk management team now sets interest rates on loans made through the service. Investors can choose […]
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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 personal loans, to its solution. Qualified Credit Sesame users can now see lower-interest, fixed-rate personal […]
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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 companies are largely unknown by the American public. What is Peer to Peer Lending? […]
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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 would by borrowing from a local bank and investors are using lending club to get a great […]
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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 certain amount of the loan at an interest rate of their choice. The investors that offered the borrower the […]
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