Industry

5 Reasons P2P Loans Beat the Pants Off Credit Cards

Posted in Industry, Lending Club, Pertuity Direct, Prosper, United States on August 21st, 2009 by P2P Lending News – 1 Comment

Credit CardsToday the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 goes into effect. Although the changes included in this reform are good for consumers,  and eliminate some of the credit card industry’s most egregious practices, smart consumers shouldn’t finance their purchases by paying the interest to credit card companies at all.

Here are five reasons a personal loan from a peer-to-peer lending company are better than a credit card loan…
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P2P Lending Landscape

Posted in Industry on April 19th, 2007 by P2P Lending News – Be the first to comment

To start this blog off, I thought it would be good to list all of the known web-based P2P lending outfits around the world.

Europe:

  • Zopa - UK, launched Apr 2005
  • Boober - Netherlands, launched Feb 2007
  • Smava - Germany, launched Mar 2007
  • FairRates - Denmark, launched Mar 2007

America:

Asia:

  • DONJOY - Korea, launched 2005

I’m sure we’ll see much more development in this industry over time.