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  1.  
  2. FUNDING SOURCES
  3. Web/Micro Loans & Crowdfunding
  4. P2P Loans GainingTraction. Lending Club Goes Nationwide
« CreditBloggers: Comparing Peer-to-Peer Lenders: Prosper, Lending Club and Zopa
Advisory Board Compensation for your Startup : Texas Startup Blog »

P2P Loans GainingTraction. Lending Club Goes Nationwide

26 Sep 2008   | Web/Micro Loans & Crowdfunding

Tags: loans

LINK TO ORIGINAL ARTICLE:
  • http://www.techcrunch.com/2007/12/13/p2p-loans-gainingtraction-lending-club-goes-nationwide/

Despite sub-prime loan worries rocking the economy, peer-to-peer loans are gaining some traction. You’d think loans between individuals would be much riskier than loans from a bank, but it turns out that individuals can be more risk averse than banks when it comes to lending out money. If you look at Prosper, the leader in P2P lending with more than $100 million in loans out so far, only 7 percent of its loans in October were sub-prime, despite their higher interest rates.

>>> READ MORE at:
  • http://www.techcrunch.com/2007/12/13/p2p-loans-gainingtraction-lending-club-goes-nationwide/
« CreditBloggers: Comparing Peer-to-Peer Lenders: Prosper, Lending Club and Zopa
Advisory Board Compensation for your Startup : Texas Startup Blog »

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