I received a rather unusual linked in connection request today… I thought it was out of the blue and almost deleted it… (It may have been out of the blue, but since I cover p2p lending I thought I would take the opportunity to scope/scoop the story.)
The website just has a sign up form to collect your email: Zing Funding
I was able to find some information on several public linked in pages.
From the public profile of Robert Gloer President and CEO at Zing Funding LLC:
Zing Funding LLC D/B/A ZingFunding.com is a Peer to Peer or Social Lending Firm based in the Atlanta GA area. Zing will be launched live at www.ZingFunding.com in October 2008. Investors can lend capital to individual consumers via the internet – consumers can borrow from individual investors. The process allows investors to make a greater ROI than they can typically get from banks and consumers get typically lower rates than they could get from a bank for an unsecured loan or credit card. Zing Funding does all credit due diligence on the consumer and provides the investor a ZingAdvantageScore which will be a far greater credit profiling tool than the traditional FICO score alone. Keep an eye on it – it’s going to be big…… We will be creating the same great culture we had at First Franklin…..
Related Posts -
Propser and the Greatest Economic Crises America has Ever Faced? Prosper just released it monthly survey and it included commentary from CEO Chris Larsen. What do you think, is this the "greatest economic crises America has ever faced"? (For my part there is no doubt it is in my lifetime, but I don't see this getting to the level of...... -
Microlending Now Paying 5 Percent Microlending is a popular means of borrowing money because small loans are capable of making large differences for many people. Not only is microlending popular for borrowers, but it also benefits those individuals who are willing to give out loans as well. Some microlending websites, like Microplace.com offer interest in...... -
New Loan Funded — Consolidate Personal Credit — $20,000 at 18.00% — C Credit — DTI 22% A new loan funded (Consolidate Personal Credit â $20,000 at 18.00%). I participated via my standing order: Mid DTI â NAF. Which is this loan was funded as a medium debt to income ratio and was an auto-funding loan. The borrow had C credit and 22% DTI. As a reminder...... -
A Worthy E Credit Loan -- Please Comment and Decide I recently had the pleasure of interacting with a borrower seeking a loan on Prosper. The borrower as E credit and 15% debt to income ratio and is a homeowner... He has 4 endorsements (3 from bidders including the group leader). However, he has an E credit grade. But I...... - November Prosper Marketplace Survey Released Prosper released the November marketplace survey and coresponding comentary from Chris Larsen... I particularly like the insight in the last paragraph... Of great interest is the anecdotal evidence of prime and near prime borrowers turning to Prosper for loans that would have historically been steered toward mortgage, auto, and home......
