Comments on: Lending Club Takes Off

By: Arthur

Arthur — Mon, 13 Jul 2009 05:46:29 +0000

Lendingclub should start offering unsecured credit to those with no
credit history(not bad or negetive credit) Some people with no
credit history(or a zero credit score) are credit worthy. Like
people with currently good or positve credit, some people with no
credit have a steady income and an excellent payment history of
paying thier rent and utility bills on time ,which are basically
not credit builders. To prove my point, on the link below, watch
and listen how NorthSide credit union rescued this young lady from
the payday loan trap before her credit became bad or negetive.
http://hffo.cuna.org/13519/video/1856/html

By: Jamie Samans

Jamie Samans — Tue, 07 Jul 2009 15:06:03 +0000

I'm very happy with my Lending Club experience and love the P2P
lending model in general. P2P lending is a twenty-first centuy
reemergence of the old savings & loan idea: we invest in one
another. The S&Ls worked well until Wall Street and greedy
managers sought to undo restrictions that kept them acting in the
best interest of their members; after that, they collapsed.
Hopefully, P2P will do better. We need ethical lending as an
alternative to commercial credit slavery.

By: Lending Club Posts Strong 1H 2009, Loans Growing 7% Per Month | P2P Lending News

Thu, 02 Jul 2009 04:28:10 +0000

[...] 2009, and loan growth has averaged nearly 7% month-over-month
during that period. According to a blog post in June by CEO Renaud
Laplanche, as of May 31, Lending Club had 140,000 registered [...]