Why Peer Lending is Better for Borrowers
“If you want to know the value of money, go and try to borrow some.”
- Benjamin Franklin
You’ve worked hard to build or repair your credit score. Unfortunately, the banks aren’t giving you a break. This is why peer lending services such as Lending Club are a perfect alternative. Lending Club offers a 3-year, fixed-rate loan from $1,000 to $25,000 to help you out.
The following are just a few reasons why others are using a Lending Club loan today:
• Eliminate or reduce credit card debt
• Pay for school tuition
• Purchase a new or used automobile
• Start or expand a business (small business loan)
• Remodel and upgrade their home
• Pay for adoption expenses or fertility treatments
• Borrow money for a wedding or engagement
Now let’s compare Lending Club rates to those of other banks.
Here are some additional benefits:
- Convenience – The online loan application is fast and simple. You’ll probably complete the application process in 5 minutes or less.
- Low Interest, Fixed Rate – You’ll receive a fixed-rate loan that is often lower than the credit card companies and banks. In addition, your interest rate on that loan will never change.
- No Pre-payment Penalties – You can pay off your loan any time without incurring penalties and fees.
- No Hidden Fees – No need to read the fine print. Everything is transparent.
- Direct interaction with lenders – You’re not just another loan application in a pile. Once you complete the initial application, you will have the opportunity to answer investor questions and position your application in the best possible light.
- Safe and Confidential – Your personal information and identity is kept private. In addition, through our research we discovered the underlying bank issuing the loans is WebBank in Salt Lake City, Utah. This is not a scam!
Don’t take our word for it. Here’s what others have to say about peer lending.
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“Lending Club helped me cut an outrageous credit card interest rate in half. This loan will save me thousands of dollars as well as allow me to pay off the loan in half the time it would have taken me otherwise. 28.99% interest down to 14.18% interest!!!”
Matthew,
Columbia, MO
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“I have enjoyed the ease of the application and approval process. For any questions or concerns that I had, I would receive a prompt email within 24 hours! I have been able to breathe easier knowing that my bills are paid and I have just one payment to worry about each month. It has saved me money and time! Thank you, Lending Club.”
Stephanie,
Dryden, New York
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Are you ready to get started?
The process is simple, easy, and quick.
