Jan 21, 2008
GlobeFunder Now Lending in 37 States
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 affect adoption rate of peer lending and borrowing?
Source: SouthBendTribune.com – A New Way of Lending: Companies offer services online in bidding process.
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