Posted by Charles Lee :: October 28, 2008 @ 3:53 pmYesterday on ABC, Renaud was interviewed by Jackie Hyland on "Money Matters". To check out the discussion of how social lending can be part of solving the current economic crisis, watch the video here.
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Borrowers hurt by the credit squeeze and investors looking to boost their returns are increasingly turning to the same place: peer-to-peer lending.
"As an accountant, I am very conservative about money. My daughter's credit card jumped her interest rate... I found Lending Club and got a loan to pay off her credit card."
3 Comments
I will have to sit on the sidelines on both sides of this idea.
Great post!
Video interview with Renaud Laplanche, CEO of Lending Club...
ABC interviewed Renauld Laplanche of Lending Club on ABC Money Matters. Laplanche says in the last 10 days over 1 million US$ in loans were funded and states that the default rate has been lower than 2% over the last 18 months. Watch the video.
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What a great interview interesting information.
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