Signature Loans » Good Credit Peer-to-Peer Lending Signature Loan Alternative http://fastsignatureloan.com Access to Over 100 Lenders Fri, 06 Aug 2010 15:04:41 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Good Credit Peer-to-Peer Lending Signature Loan Alternative http://fastsignatureloan.com/peer-to-peer-lending?utm_source=rss&utm_medium=rss&utm_campaign=peer-to-peer-lending http://fastsignatureloan.com/peer-to-peer-lending#comments Wed, 10 Dec 2008 05:57:43 +0000 lane http://fastsignatureloan.com/?p=267 Good Credit Peer-to-Peer Lending Signature Loan Alternative is a post from: Signature Loans

Good Credit Peer-to-Peer Lending Signature Loan Alternative is from Signature Loans

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Peer-to-Peer Lending (P2P Lending, Social Lending) is an exciting new way to borrow money online. It’s a great alternative to signature loans or credit card loans. You borrow money directly from other people. Also, for those of you who prefer to be a lender, you can make loans directly to people who need to borrow it.There are no banks involved in these types of loans. People who want to borrower have the opportunity to obtain loans at interest rates that are likely to be more favorable than they might otherwise obtain from a traditional lending institution or credit card company.

Those people looking to lend money may potentially earn more money than they normally would by keeping their money in a traditional investments. Those people looking to lend money can receiving high interest rates from the borrowers they choose themselves.

Peer-to-Peer Lending Comparison
Peer to Peer Loan Types:
Personal Loans Yes
Business Loans Yes
Peer to Peer Loan Amounts:
Personal Loan Maximums $25,000
Business Loan Maximums $25,000
Peer to Peer Credit Qualifications:
Minimum Credit Score 660
Maximum Debt-to-Income Ratio None
Rates & Terms for Peer to Peer Loans:
Borrower Interest Rates 6.69 – 19.37%
Borrower Loan Term 3 Years
Co-Signed Loans No
Guaranteed Loans No
Secondary Market for Oeer to Peer Lenders:
P2P Loan Buying Yes
P2P Loan Selling Yes
P2P Loan Trading Fee 1.00%
Peer to Peer Loan Fees:
Origination Fee (Added to Loan Amount) 0.75 – 3.00%
Failed Payment Fees $15
Late Payment Fees $15 or 5% of payment due
Early Payment Penalties None
Guarantee Fees None
Peer to Peer Lending Fees:
Payment Servicing Fee (Charged to P2P Lenders Only, Not Borrowers) 1.00% of payments

The information contained here is from one of the leading peer-to-peer lending websites. The data was current as of 10/31/08. Rates & fees are variable, in some instances, and are not APR calculations. Peer-to-Peer lending is a great alternative to trying to obtain your bank Signature Loan.

Other information that might be of interest to you:

Good Credit Peer-to-Peer Lending Signature Loan Alternative is a post from: Signature Loans

Good Credit Peer-to-Peer Lending Signature Loan Alternative is from Signature Loans

Related posts:

  1. Peer to Peer Lending Bad Credit Need Not Apply

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