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.