Lending Club Blog

ABC7 EyeWitness News: Peer-to-peer Personal Loans Can Save You Money

Earlier this week, ABC KABC-TV in Los Angeles, CA, aired this news story featuring a Lending Club borrower who took a personal loan to pay off her credit card debt and saved money in the process.  They also interviewed one of our investors who has built a diversified portfolio, lending no more than $100 at a time, across more than 200 loans.

Ric Romero, a consumer specialist and reporter for ABC started the segment with: “If you’re looking to borrow money to pay off bills or buy a new vehicle, you don’t have to apply for a loan at a bank or credit union. Many people are asking and getting loans from strangers, and saving a ton of money”… read the whole story here.

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Friday, May 14th, 2010 at 4:00 am

Comments (4)

  1. Very cool stories. I’ve been dieing to get in on Lending Club but
    didn’t realize that I could use a Roth IRA. That’s fantastic.

    May 14th, 2010 at 3:42 pm

  2. Yes, I realized that too. By borrowing money from friends or
    colleagues, I can save a lot.

    May 17th, 2010 at 9:23 am

  3. Katrina:

    Borrowing from friends for small money amounts can be a good deal
    but be sure they value more your friendship than their cash…

    May 21st, 2010 at 3:18 am

  4. TTH:


    October 21st, 2010 at 6:53 pm


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