Why I like Lending Club

Posted by on March 31st, 2008 at 11:38pm

Scholarship Centre â?? Welcome to Premier Scholarship Site in Malaysia wrote an interesting post today on
Here’s a quick excerpt
Lending Club(LC) is a peer to peer lending provider. Basically, people need money, other people have money spare, and LC brokers the transaction between them for a small fee from both parties. If it was just a transaction between 2 people, the lender would be in for a big loss if the person is not able to pay it back, but what lending club allows you to do is lend a small amount to many different people. This allows you to mitigate the risk of a single person defaulting on a loan while still e

Read the rest of this great post here

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