A couple of peer-to-peer (p2p) lending articles came out in major publications over the weekend… Enjoy…
The ChicagoTribue: Peer-to-peer lending helpful, but know rules
Sometimes you have to take matters into your own hands.
At least that’s the mind-set of individuals who lend and borrow money from each other online, known as peer-to-peer lending. In this virtual community you may stand a better chance of obtaining a loan for your start-up business or earning an attractive return.
But though based on self-rule, peer-to-peer lending is not without its conditions. Consider the following before you forgo the bank entirely. [...]
The Washington Post: You Can Lend P2P, but Can You Collect?
In the wake of the subprime mortgage meltdown, traditional financial institutions have tightened up on who gets to borrow money. But some people are still finding ways to borrow what they need, thanks to another area of lending that is booming.
Person-to-person lending, or “social” lending, is growing at a phenomenal pace on the Internet as consumers look for an alternate way to pay off debt, according to new research by Javelin Strategy & Research. Javelin predicts that the demand for person-to-person lending services, or P2P, to pay off credit card debt may grow from $38 billion to $159 billion over the next five years. [...]
Related Posts -
Borrow Money on Prosper -- Case for Unsecured Debt via Personal Loans Prosper Marketplace, Inc. is a peer-to-peer (p2p) lending marketplace that facilitates 3 year fully amortized loans between lenders and a borrower. A borrower wants to borrow money and lenders want to earn better than average returns. The most typical reasons for loans on Prosper are credit card debt consolidation, small business...... - 1st Ever Carnival of P2P Lending LazyMan is hosting the first ever carnival of peer-to-peer lending. Thank you Lazy for including my post (Prosper Vintage Curves From Private Data) in the rotation. Here were my favorite articles of the carnival... âCredit crisis has given social lending a friendly pat on the backâ | Economist Five Investment Prerequisites......
- Lending Club Loan Volume Misquoted in National Newspaper I encourage all reporters to check facts. In the p2p lending space, both major US p2p lending companies provide data and this data can usually corroborate or debunk basic marketplace claims. I was reading a recent Pittsburgh Post-Gazette article on p2p lending: The credit crunch: How did it happen and where......
-
Virgin Money Review Virgin Money is another the brainchild of Richard Branson, the well known entrepreneur that is behind a multitude of businesses, record labels and projects throughout the world. His belief is that everyone should have access to the money they need when they are trying to get money for a business...... - Best Reasons to Use Unsecured Loans Prosper is a p2p lending marketplace for unsecured loans. Borrowers can borrow money up to $25,000 via an unsecured 3 year fully amortized note. New lenders recieve a $25 bonus on entering your first loan. The following is a guest post anybody else interested in a guest post should email......
Related Websites - Personal Finance Week in Review - Waiting for More Hard Truth Congress Wavers While WaMu Craters Mr. ToughMoneyLove has credit crisis fatigue. Whether you call it a rescue or bailout, the future of the "plan" has been placed squarely in the lap of Congress. I think the plan treats the symptoms not the cause but at this point, all we can......
- Copying the Smart Guys in Personal Finance Have you often wondered how the big mouth at the office or your goofy brother-in-law does so well in the stock market? Do you know a smart investor that you would like to learn from - in the privacy of your own computer? Enter Covestor, a new site I discovered......
- Tips On Lending Money On Prosper 1. Don't lend money to people to get cars. Anyone with a pulse can get a loan on car. If they sell the car, wreck it or it otherwise gets repossesed, their motivation to pay off the loan will drop to nil. 2. Don't lend to people who are terminally......
-
A New Way to Consider Personal Finance Through the past few years, many of us have been conditioned to believe that being in debt is a bad thing. While it certainly may be true that debt is dangerous in the wrong hands, there are actually many ways that debt can be very effective and can actually help...... - Money Guest Post - Never Lend Money To Friends (Note - Thanks to Matthew for guest blogging while I am away visiting family. I will be back tomorrow!) Hello Readers of My Two Dollars! I'm Matthew Paulson, the blogger over at Getting Green. If you enjoy this post, be sure to head on over to Getting Green and read......
- 3-4 Person Tents Tents & Canopies Camping & Hiking
- 2 Person Saunas Pools & Spas Yard, Garden & Outdoor Living
- Traditional Saunas Pools & Spas Yard, Garden & Outdoor Living
- Traditional Desks Home Office Furniture Home Store
- Traditional, 12 x 9 Inch Breyer Model Horses Horse Animals Collectibles
Categories:
1 comment so far ↓
[...] If you’re new here, you may want to subscribe to my RSS feed or via email. Thanks for visiting!Another peer-to-peer lending article in a major publication. This one is just a reprint of the Washington Post earlier in the week. [...]
Leave a Comment