Peer to Peer Lending Bad Credit Need Not Apply
Signature loans are hard to come by these days. Peer-to-peer lending, also known as social lending, is a great alternative. Apparently the mainstream media thinks so to. FT.com, the Financial Times . com, recently ran an article discussing peer to peer lending. The article discussed what we’ve been mentioning for some time. If the main stream lenders aren’t offering you financing, you have an alternative. You can get a loan from your friends — well, they may be strangers to you, but they may be willing to loan money to you. Peer to peer lending allows individuals to lend small amounts of money to one another.
Peer-to-peer Lending
This approach to lending has seen a surge in interest recently as people are finding it more and more difficult to secure loans from traditional lenders. Through Lending Club Borrow up to $25,000. Rates as low as 7.88%. Good credit required.
If you have spare cash, maybe you would like to be a lender and make an excellent return on your money. Lend Money, Invest Money Lend money to prime borrowers. Stated rates from 6.69% to 19.37%.
If you need cash fast, and are unable to obtain a signature loan, for whatever reason, consider peer-to-peer lending.
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