I think peer to peer lending is the most exciting thing happening for people like you and me!
Lending Club and Prosper.com are examples of companies in the business of connecting people who need to borrow money with investors who need a sufficient return on their money.
That's incredible!
Are you in need of a personal loan? I hope you'll finish this review to learn how people to people lending can help you, a friend or loved one.
I don't know anyone who enjoys going to the bank. Good news! Peer lending offers you an alternative.
In case you've never heard of peer to peer lending, it is all about people helping people, people lending to people.
Think about your friends and relatives. It is a pretty good guess that some of them haven't been able to borrow money lately.
Or they depend on returns from their investments, better than banks are currently offering.
I hear daily from homeowners who are affected by the state of the economy. Either they can't get loan approval or their investments are offering a poor return. But what if I told you that Prosper.com and Lending Club can help both groups?
What type of personal loans are offered by peer lending companies, Lending Club and Prosper.com? Here is a short list...
What about special event loans? Loans for your daughter's wedding, 50th anniversary trips, loans for home additions or a kitchen remodel?
According to Lending Club and Prosper.com, there are investors to make all types of personal loans at reasonable rates.
Extra medical expenses lately? Accidents happen. I know this firsthand. Lending Club and Prosper.com have loans to cover medical expenses.
Some elective procedures aren't covered by health insurance. P2P lending has loans for this too.
Then there are times when you simply need a vacation. We've heard about the guy who spent $150,000 on heart surgery but won't spend $1000 on a vacation. His heart would appreciate a loan from Prosper.com.
There are also loans for jet skis, visiting Europe, or maybe you just want an infinity pool.
Having a baby is exciting. But watch the medical bills pile up. Or are you considering adoption? That's an expensive proposition too! Whether you are ready to get pregnant or planning to adopt, peer to peer lending can be part of the solution.
But before we enter into a new venture we all want visible proof, don't we? That's why I advise investigating! Read testimonies and investigate actual loans taking place at peer to peer lending companies.
Before this review ends, I want to recognize current concerns over protecting personal information.
Please read Lending Club and Prosper.com policies on privacy and security to make sure they meet your standards. You should also check out how long they have been in the business.
Back to more Super Kate Reviews at Successful Money Management.
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Peer to peer lending where people helping people are cutting out the bank!