When Interest Rates Head Up
Categories: Uncategorized Tags: Adjustable Rate Mortgage, Bad News, Borrowers, Dividends, Financial Institutions, Inflation, Mortgage Rates, Poor Credit, Prognostication, Raw Materials, Rising Interest Rates, Small Business, Year Mortgage
Surprise! Peer to Peer Lending is Risky
Categories: Uncategorized Tags: Borrowers, Contrary, Credit Crisis, Default Rates, High Interest Rates, Lenders, Lending Networks, Lot, Microcosm, Peer To Peer, Peer To Peer Lending, Person To Person, Reliance, Sky, Surprise, Takeaway
Lending Club Review – Peer to Peer Lending, a Solid Investment and Borrowing Alternative
Categories: Uncategorized Tags: Best Friend, Borrowers, Fixed Rate, Generations, Investments, Investor, Investors, Loans, Long Time, Maintenance Fees, New Car, Peer To Peer Lending, Personal Loan, Principal And Interest, Solid Investment, Stock Market
The Pros and Cons of Social Lending
Share This Photo: quaziefoto With faith in banks and credit card companies on the decline, more consumers are turning to social lending as an alternative to existing financial institutions for their borrowing needs. The worst offenders, credit card companies, have been lowering credit limits and increasing penalty fees and interest rates on even their most loyal customers. For this reason, frustrated credit card holders comprise one of the largest sectors looking into lending sites to refinance credit card debt. With interest rates as low as 7.8%… Read the whole article...Categories: Uncategorized Tags: Baby On The Way, Better Chance, Borrowers, Brick And Mortar, Credit Card Debt, Credit Card Holders, Credit History, Credit Scores, Decline, Financial Institutions, Lenders, Low Interest Rates, Medical Bills, Necessities, Paying Off Student Loans, Person To Person, Pros And Cons
Borrow Money With Prosper & Lending Club
Earlier this year, I hosted a guest post by Jonathan sharing his experiences with borrowing money from peer to peer lending network Prosper. Just recently, I received the following email from a reader singing their praises: I’ve borrowed twice now from Prosper and I love it. The first loan was $7000 at 8.65% for three years and the most recent was $8000 at 9.65% for three years. I got the 2nd in response to the credit cards jacking up my interest rate and slashing my credit limit no reason. I was so angry about the… Read the whole article...Categories: Uncategorized Tags: Borrowers, Borrowing Money, Credit Card Debt, Credit Cards, Debt Loans, Debts, Direct Deposit, Email, Hassle, Interest Rate Hikes, Lenders, Lending Networks, Peer To Peer Lending, Sources Of Funding