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Lending Club: What Types of Loans Are Available to Borrowers
If you’re hoping to get an unsecured loan or a personal loan, Lending Club might be a great way to get a better interest rate than what you would have gotten from a bank. Many have also used Lending Club loans as consolidation loans... More of this article »
How to Get Started investing with Lending Club
Lending Club is the largest peer to peer lending company in the United States in terms of new loan origination on a monthly basis. Many investors have turned to Lending Club as a way to invest without putting money into stocks or bonds.... More of this article »
Comparing Apples and Oranges: Peer to Peer Lending and Savings Accounts.
Banks such as ING Direct and FNBO direct which were previously considered to be “high yield” savings accounts are now offering FDIC insured savings accounts at interest rates of barely 1%. Savvy consumers that shop around might... More of this article »
Lending Club Partners with Mint.com to Help Users Create and Meet Financial Goals
Mint.com has partnered with Lending Club, a popular peer to peer lending website, in its newly launched “Goals” feature which helps users of Mint to get out of debt and set other life goals. Mint hopes that its partnership with... More of this article »
Vittana Streamlines Microfinance Service
Vittana, a non-profit micro-finance lending service which provides education funding, is now enabling lenders to re-lend directly. Lenders on the service now no longer need to go through PayPal directly for each payment and re-payment. CEO... More of this article »
How to Get a Personal Loan
Personal loans are a necessary evil sometimes. They provide needed funds to cover an unexpected expense, provide the ability to consolidate debt and help you make major purchases. If used improperly they can put you into a world of... More of this article »
CBS Money Watch Highlights Peer to Peer Lending Industry
CBS’ Money Watch’s Farnoosh Torabi recently commented on the peer to peer lending industry in her “You’re So Money” column last week. Torabi initially started out as a skeptic of Lending Club and Prosper... More of this article »
Lending Club Offering Investment Bonus Through July 5th
Lending Club, a company which offers a peer to peer lending service, is offering investors a bonus of up to $300 for investors that add funds into their account by July 5th. In an email sent to investors, Lending Club wrote “You... More of this article »
Prosper Hopes for Re-Regulation of Peer to Peer Lending Industry
Prosper Marketplace CEO Chris Larsen told Business Week that he hopes Congress will re-regulate the peer-to-peer lending industry so that his company will be regulated by another body than the Securities and Exchange Commission. In... More of this article »
Lending Club Passes $10 Million in Loan Originations During May 2010
Lending Club, a company which operates a peer to peer lending website, said that it passed more than $10 million in monthly loan findings during May 2010, marking the first time that any U.S. based peer to peer lending company has... More of this article »
Lending Club Announces Photo Contest Finalists
Lending Club, a company which operates a peer to peer lending website, has announced the finalist for a photo contest that it is running to find background images for its new Bing-like website. Lending Club has posted the finalist... More of this article »
Prosper Marketplace Reverses Decision on Loan Application Process
Prosper.com, which runs a peer to peer lending website called Prosper Marketplace, reversed an earlier decision in which it had no longer required borrowers to state why they wanted to take out a loan as part of the application process. The... More of this article »
Lending Club Passes 10 Million in Monthly Loan Origination, Hires New CMO
Lending Club, a company which operates a peer to peer lending marketplace, issued a press release this morning announcing that it had passed more than $10 million in monthly loan originations during May 2010. The company said that... More of this article »
Using Lending Club’s Note Trading Platform to Invest in Peer to Peer Loans
Lending Club, a website which allows its members to loan each other money through 3 or 5 year unsecured loans, currently only operates in certain states ,but other investors can buy existing loans through its note trading platform... More of this article »
Prosper Marketplace Resolves Some Issues Related to Loan Service Platform Migration
Prosper.com, a company which operates a peer to peer lending marketplace, went through a migration to a new loan servicing platform in early May, leaving many users of the website frustrated by errors that impacted features on Prosper’s... More of this article »
How to Get the Lowest Interest Rate When Borrowing from Prosper.com
Prosper.com, a company which offers a peer to peer lending marketplace, allows borrowers to take out unsecured loans from other members of the website using a reverse Dutch auction. As a borrower, you post how much money you want to... More of this article »
Peer to Peer Lending with Collateral: The Next P2P Financial Innovation?
Auxmoney, a German peer to peer lending website, is now allowing borrowers to offer their vehicles as a form of collateral for their peer to peer loans. Users on the website pay a EUR 9.95 fee to document the collateral in the loan... More of this article »
Peer to Peer Lending Investors Upset About Prosper.com’s New Loan Servicing Platform
Prosper.com, a company which offers a peer to peer lending marketplace to its members, has recently moved to a new loan servicing platform, which has left many of its investors unhappy with the company because of numerous individual... More of this article »
Lending Club Highlights Five-Year Notes in Investor Forum
Lending Club, a company which offers a peer to peer lending marketplace to its members, has highlighted the new opportunity take out loans with a term of five years from both an investor’s and borrower’s perspective on... More of this article »
Prosper.com Customer Service Quality Declines After Platform Upgrade
Prosper.com, a company which offers a peer to peer lending marketplace, has suffered notable customer service setbacks after receiving its “Series D” round of funding last month. Some of the problems that Prosper.com is... More of this article »
Lending Club and Peer to Peer Lending Covered by Los Angeles ABC Affiliate
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... More of this article »
Fiserv (NASDAQ: FISV) Launches New Peer to Peer Payments Service, Hopes to Steal Thunder from PayPal (NASDAQ: EBAY)
Fiserv, Inc (NASDAQ: FISV) has announced a new peer to peer payments service which will be available to banks and credit unions, called ZashPay, which will allow users to send each other electronic payments without the use of an intermediary... More of this article »
Lending Club Now Offering 5-Year Peer to Peer Loans
Lending Club, a company which offers a peer to peer lending marketplace, has now begun offering 5 year unsecured loans to borrowers in addition to the 3 year loans which are standard among the industry. Lending Club Director of Product... More of this article »