Lending Club is excited to announce that we have partnered with 5 of the best "DebtBuster” bloggers to offer advice and encourage those with credit card and personal debt to commit to getting rid of it during this holiday season.
If you’re like most Americans, you probably have more than $5,000 in credit card debt, according to Experian, a credit reporting agency. The Federal Reserve also confirms American’s infatuation with debt: the size of the total consumer debt grew nearly five times in size from 1980 ($355 billion) to 2001 ($1.7 trillion). Consumer debt in 2009 now stands at $2.5 trillion.
Lending Club offers a way out of debt: a no-hassle fixed rate personal loan at interest rates that are typically lower than those of a personal loan from a bank or credit cards.
Take the DebtBuster Challenge
Take your credit cards or outstanding loans and find out their balances and rates. Check your rate for free at Lending Club and compare the rate you got. Chances are it would be lower. If you can commit to the monthly payment, you can pay off your debt in 3 years or less! It's that simple.
As a little extra incentive, we’ll send you a nifty Lending Club t-shirt or back pack when you list your loan at Lending Club from one of our blogging partners below.
Read up on How to manage your debt
Starting today until January 15th, our amazing DebtBuster blogging partners will be writing about how to consolidate, manage and reduce your current debt. Don’t miss out on this useful series or articles from the following folks:
Flexo @ Consumerism Commentary
Matt @ Debt Free Adventure
Silicon Valley Blogger @ TheDigeratiLife