LendingClub Adds New Five Year Debt Consolidation Loans

I have written a lot about LendingClub.com and the fact it is a person-to-person lending network where people like you and me lend others through the LendingClub.com platform.

LendingClub.com Lower Rate Model

Many of the loans I invest in are debt consolidation loans to help people that are looking for unsecured, low rate, fixed loans to pay off more expensive debt.

I logged on today to see how my account was going and noticed that LendingClub.com now offers loans up to five years. Previously it had only been three years.

LendingClub.com five year notes

The new five year notes appear to be marketed towards consumers that are looking for a lower monthly payment and investors who are looking for a higher return.

If you or someone you know is looking for an unsecured, fixed rate debt consolidation loan it might be worth checking out LendingClub and comparing their three year and new five year loan options.

Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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