Consumers using peer-to-peer lending sites instead payday loans
"It [peer to peer lending] opens the doors whereas others might be closed," said Greg McBride, senior financial analyst at Bankrate. "It's a low-cost alternative, even for someone with a blemished credit history. Peer-to-peer has a lower cost than resorting to a payday loan."
VirginMoney formalizes the lending agreement between two people, friends or family members, by providing loan documents and setting up payment ...
Prosper competing with credit card companies and traditional banks
"We're all focused on competing with the credit card companies and traditional banks" Chris Larsen - chief executive of Prosper
According to Jean Garascia, a Javelin Strategy & Research analyst, between $300 million and $400 million has been borrowed through peer loans in the U.S., in comparison to the total $880 billion credit market.
Renaud Laplanche, founder and chief executive of Lending Club ...
GlobeFunder enters the online consumer loan marketplace
“GlobeFunder's Decio says his company differs from some of the others since it focuses more on higher-end lenders, such as retail or institutional investors”
GlobeFunder awards loans only to those who have credit scores of 640 and above
Discussion of how lower income demographic groups without Internet access are left out of peer to peer lending market.
Question is raised, how online security will ...
Prosper Offers Options for Lenders & Borrowers (Video)
Prosper's People-to-People Lending Market Survey -Dec 2007
Michelle Singletary Offers Peer to Peer Lending Advice
Tips to follow to protect your investments in peer to peer lending
