I have written a lot about Lending Club (click here) as a place to go for a legitimate debt consolidation loan. And I wanted to show you how much I believe in this peer-to-peer lending network by putting my money where my mouth is.
If you apply for a debt consolidation loan by clicking on this LendingClub.com link from the GetOutOfDebt.org site and your loan is approved for funding, I will personally invest in your loan and be one of the investors that helps you to get out of debt.
When your loan appears for funding on the LendingClub.com site just post the link for your loan in the comments section below. I’ll make sure your loan came through this site and then I’ll invest in it. Simple.
What is Peer-to-Peer Lending?
Think of peer-to-peer (P2P) lending as cutting out the banks, which it is. In P2P lending, people like you and me lend money to people like you and me. in doing so we cut the banks out of the loop all together and that results in lower rates for borrowers.
P2P lending is something to take notice of. Some of the groups that have offered up praise for this LendingClub.com approach are places like Harvard Business Review, Fast Company Magazine, Wired Magazine, and, well the list gets too long to mention.
The Old Debt Consolidation Loan Scam – AVOIDED
The reason I have been sour on loans to consolidate debt in the past is that they were either not really available, very expensive through the banks, or scams that people fell for. The most common scam was the up-front loan fee scam. This is where someone would promise a loan if the applicant paid a hefty processing fee up-front. Once the fee was paid, guess what, “I’m sorry your loan has been denied.”
But this is all avoided with the the Lending Club solution and that’s why I love it.
- The loans are actually available
- There are no expensive banks involved
- There is no up-front fee to pay
And Don’t Forget, I’m Putting My Money Where My Mouth Is
Like I said above, if you apply for a loan through this link with LendingClub.com and your loan is approved for funding, post the URL of your loan in the comments section below and once I confirm it came through this site I’ll proudly invest in it.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
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Hi Steve,
I’ve been stuck in a rut because of my credit cards’ high interest rate. I usually pay $100 beyond the minimum but I barely touched my principal. I read your article and decided to apply for LendingClub. Let’s hope I secure enough investors. I also wanted to ask if LendingClub will charge me it’s fee if I don’t secure enough investors. I mean if I asked for $21000 and I only had about $1000 offered, I can decline and not have to pay the $900 fee…correct? Oh, and I don’t know the loan url but if you think you would to invest in my loan it is # 3486345
49 James Avenue Abuja,
Ãfrica Occidental,
P.O Caja 1417
Ref: JPL/56OXLL/LL
MR.J.LUKAS SERVICIOS DE PRÉSTAMO DE LA EMPRESA
Estoy MR.J.LUKAS (CEO) de esta empresa firme, estamos acreditados
Los prestamistas privados de fondos que dar préstamos a las personas, cooperar
Organismos, empresas y compañÃas que necesitan préstamos.
¿Tiene usted un mal crédito o confusión sobre dónde obtener un préstamo? ¿Es que
Usted está en extrema necesidad de dinero para pagar las cuentas? , Estamos aquà para ayudarle a obtener una
préstamo a un tipo de interés reducido del 3%.
¿Ha tratado de obtener préstamos del banco, pero el éxito no? Contáctenos
hoy en:
DEUDORES DE INFORMACIÓN
(1) Nombre completo:
(2) Dirección Permanente
(3) Sexo y Edad:
(4) Ocupación
(5) PaÃs
PRÉSTAMO DE INFORMACIÓN
(1) Cantidad necesaria
(2) Duración del préstamo:
(3) Ingreso Mensual
(4) Teléfono válido y de fax
MR.J.LUKAS
(CEO) de préstamos empresa.
E-mail:J.Lukasenterprise@admin.in.th
49 James Avenue Abuja,
West African,
P.O Box 1417
Ref: JPL/56OXLL/LL
MR.J.LUKAS LOAN SERVICES/COMPANY
I am MR.J.LUKAS (CEO) of this firm company, We are reputable
Private fund Lenders who give out loans to individuals, co-operate
Bodies, firms and companies in need of loan.
Do you have a bad credit or confused on where to get a loan? Is it that
You are in dire need of money to pay bills? , we are here to help you get a
loan at a reduced interest rate of 3%.
Have you tried to obtain loans from the bank but no success? Contact us
today at:
BORROWERS INFORMATION
(1)Full Name:
(2)Permanent Address
(3)Sex & Age:
(4)Occupation
(5)Country
LOAN INFORMATION
(1)Amount Needed
(2)Loan Duration:
(3)Monthly Income
(4)Valid Telephone/Fax
MR.J.LUKAS
(CEO) loan firm.
E-mail: J.Lukasenterprise@admin.in.th
I’ve been investing at Lending Club for over a year now. I exclusively invest my money in debt consolidators. Not only does it feel good to help people get out of debt, but most debt consolidators are taking out a loan to get a lower monthly payment. If they’re already paying a higher interest rate every month, they will for sure be able to handle your loan repayments.
I’ve been investing at Lending Club for over a year now. I exclusively invest my money in debt consolidators. Not only does it feel good to help people get out of debt, but most debt consolidators are taking out a loan to get a lower monthly payment. If they’re already paying a higher interest rate every month, they will for sure be able to handle your loan repayments.
The problem with most of those options Laure mentioned is that they are typically dishonest, lying and deceitful companies, not only to the credit cards and creditors you are about to stiff, but also to you. Proceed with lots of care. What I like about lending club is that it is a DIY consolidation option that gives you the power to take control of your finances and be responsible for your debt. It also keeps you accountable to those folks who lend you the money. Very interesting indeed.
I am thinking about either Lending tree, new beginnings debt settlement LLC, century negotiators or superior debt relief. Could you break these down for me? Thank yu for your time,
Laure. : )
Laure,
I think your answers will come from reviewing a couple of previous articles. “The Truth About The Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy” and “Diane Writes In “I Want to Settle My Debt. My Creditor Wants to Take Me to Court.”
Steve