Free Application for Federal Student Aid: 8 Essential Facts

The Free Application for Federal Student Aid form, commonly referred to as FAFSA is a form that will determine the eligibility of students who seek financial aid for college. In order to apply for FAFSA you should visit the U.S. Department of Education’s website, or contact them by phone. It is recommended to apply early as many of […]

Refinance Student Loans- Credible & NerdWallet Partner to Help You

Are you looking to refinance student loans? If so, you will be very happy to hear about two businesses that are aiming to make that happen for you. Your efforts to refinance student loans will now be much more effective. A couple of weeks ago NerdWallet announced it has partnered with Credible to help college graduates take […]

4 Guidelines on How To Get a Loan With No Credit

It's totally frustrating trying to figure out how to get a loan with no credit. It feels like everybody else was BORN with credit and you somehow got left off the list. Many lenders don't want to be your first loan and the great rates offered by peer-to-peer lending sites aren't yet in your reach […]

Student Loan Refinancing Made Easier - Credible Online Loans

The numbers are staggering. Unfortunately the numbers we're referring to are the figures associated with the massive amount of student loan debt that Americans are burdened with. Because of this, the need for student loan refinancing is HUGE these days. According to the Federal Reserve, outstanding student debt in the U.S. surpasses $1.3 trillion. Nearly 40 […]

Refinance Student Loans With LendKey - Student Loan Consolidation NOW

If you are keen of financial technology you have likely heard of LendKey. If you have not, you may be missing a great opportunity to refinance student loans, get quick student loan consolidation and so much more. LendKey is an innovative online lending platform that connects borrowers with local banks and credit unions to refinance student […]

4 Tips on How to Pay Back Student Loans

So many young people are worried about how to pay back student loans. You might or might not be aware of this, but really, about 3/4 of college kids leave school with a significant amount of student loan debt. Because of that, worrying about how to pay back student loans is a very common thing for […]

Peer-to-Peer Lending Sites Review - Full Disclosure

This peer-to-peer lending sites review is long overdue. Why? Well, it's simple. Now that the general public is coming to understand that there is a new financing option available in the form of peer-to-peer loans, the next question becomes "Who are the best peer-to-peer lending sites?" Well that is the question that The Lending Mag […]

What is Peer-to-Peer Lending: An Illustrated Explanation

If you're reading this article, it's probably because you're wondering, "What is peer-to-peer lending and how does it work?" Well, we're going to explain exactly what it is for you in an easy to understand way as well as provide a great infographic to help illustrate some of the major points. With traditional banks denying loans to small […]

Student Loan Refinancing Options Opening Up Because Of Fintech

From www.huffingtonpost.com - The rise of financial technology (fintech) companies is undeniable and student loan refinancing online is increasing. In 2014, Lending Club and OnDeck went public, and over 500 fintech startups attracted private financing. In the student loan refinancing market, there has been a rapid expansion of lenders participating in the market over the […]

Do We Need Banks For Small Business Loans When Online Lenders Do Better?

From www.forbes.com - I just read two articles about microfinance that surprised me. One pointed out how convenient and competitive the online peer-to-peer lending sites had become. The second pointed out the low loss ratio at these lending sites. In essence, the article said that “loans at Kiva are repaid at a rate of 98.75 […]

New Lending Startups Use Instant Data Science To Judge Your Creditworthiness

From www.nytimes.com - When bankers of the future decide whether to make a loan, they may look to see if potential customers use only capital letters when filling out forms, or at the amount of time they spend online reading terms and conditions — and not so much at credit history. These signals about behavior […]

Peer-to-Peer Business Lending: Prime Meridian Gets Into P2P Business Loans

From www.pmifunds.com - Prime Meridian Capital Management, specializing in online peer-to-peer lending, launched its new fund, Prime Meridian Small Business Lending Fund on 7/1/14, giving investors the opportunity to invest in the growing sector of peer-to-peer business lending. Prime Meridian’s Income Fund was one of the first P2P lending funds in the United States, with […]

P2P Loan Startups Raised 15 Billion In 2014, Headed For More In 2015

From www.vator.tv - With two lending startups, Lending Club and OnDeck Capital, both going public last year, it seems kind of obvious that the space is starting to mature. Another sign is how much funding the category was able to rise in 2014. So much, in fact, that it was the most ever for the […]

Startups Embracing P2P Small Business Unsecured Loans

From www.fortune.com - Earlier this month, the momentum behind the online lending industry was in full view at LendIt—an industry gathering that didn’t exist four years ago, but grew from about 700 attendees last year to more than 2,500 this year. What was clear is that it’s no longer a question of whether these disruptors […]

Predatory Student Loans: Victims Fight Back & Walk Out On Their Debt [Video]

Student loan debt is crippling the future of countless young people in America, there is more than 12 trillion dollars owed in student debt at this time. Many students never even finish their schooling, only to head off into their disappointing career life saddled with crushing debt. Well, some have refused to accept this fate. […]

P2P Lending Will Become "Traditional" For High-Tech Millennials

From www.blog.lendit.co - Recently I heard a “soft rock” version of Nirvana’s Smells Like Teen Spirit. As shocking as that was, it got me thinking a bit about how over time “alternative” things go mainstream. In the banking context, peer-to-peer or non-bank lenders are still “alternative” and they still represent a very small part of […]

5 Benefits For Borrowers Who Choose P2P Loans

From www.huffingtonpost.com - This personal loan platform connects investors in search of returns that are higher than banks are paying with borrowers seeking loans of $1,000 to $35,000. Interest rates are set based on the borrower's credit score and investors have the option to choose the risk level they're willing to take. And rather than […]

Bankers Create MyBestEgg.com To Compete In Booming Alternate Lending Market

From www.bloomberg.com - (Bloomberg) -- It took LendingClub Corp. five years to arrange $200 million of consumer loans in a quarter. A group of former Barclays Plc bankers just reached the milestone in 10 months. Marlette Funding LLC, started by ex-employees from a Barclays credit-card unit, said in a statement that it arranged more than […]

Prosper Acquires American Healthfund Lending - Will Offer P2P Medical Loans For Elective Surgeries

From www.blogs.wsj.com/moneybeat - Peer-to-peer lender Prosper Funding LLC is hoping to continue its makeover, this time with a little plastic surgery. Prosper, one of the largest online marketplace for matching borrowers and lenders, is acquiring American Healthcare Lending, which makes software for doctors and hospitals to offer loans for medical procedures, for $21 million, the […]

Peer-to-Peer Lending Benefiting From Horrible Bank Loan Services

From www.crowdfundinsider.com - The Financial Crisis of 2008/2009 has a lot to do with this. Many of the county’s top banks have paid fines for unbecoming activities associated with the crisis. Since 2009, those fines have totaled $184 billion … over 117 legal cases. And here’s the kicker, there are 174 cases still outstanding, in […]

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