A form of lending that has become more prevalent in recent times is peer to peer lending. As the name suggests, it focuses on the idea of people lending to each other and to businesses, rather than using the banking system to facilitate such loans.
One leading company providing such a service is LendingClub. The club opened its doors in 2007 and has been going strong ever since. The whole process works over the internet, so providing you have access to their website you can find out more about them and open an account or apply for the loan you need.
Information for those who want to borrow
If you cannot get a loan via your bank it may be worth considering LendingClub. According to their website you can borrow as much as $35,000 from them. The application process is handled online and you pay the money back in monthly payments in much the same way as you would with other loans…..
Continue Reading: LendingClub: Peer to Peer Lending in the US