What is Lending Club? And Does It work?

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What is Lending Club? And Does It work?

Lending Club makes use of crowdsourcing to provide a low-cost borrowing solution than traditional loan programs. Savings on to the borrowers comes in the form of lower rates. Investors can also make potentially solid returns as well with on online crowdfunding platform.

Borrowers who borrow from Lending Club typically are used to consolidate debt or to pay off a high rate of interest credit card debt. Business owners are able to borrow capital for their business as I did for my Hawaii carpet cleaning business.

Borrowers can save an average of about 35 percent on their interest rates.

While Lending Club provides its borrowers with excellent rates Read More

Categories: Modern Investing