The following is a guest post from Simon Cunningham who is the editor of LendingMemo.com, a site devoted to heralding the amazingness of peer to peer lending. Imagine it is Monday morning. You just had a great Sunday with your family, doing chores around the house and watching a movie together. But now you are [...]

Is a personal loan ever the right choice for you?  I’m not talking about payday loans, or those fun (or not) personal loans that happen in the back alley of a pawn shop, but honest to goodness personal loans from a bank.  Maybe you’ve heard them referred to as an unsecured loan. A personal loan [...]

Lending Club, the peer-to-peer lending company, announced earlier this week that they had surpassed the $1 Billion mark in loans originated and funded.  $1 Billion.  That’s a lot of moola.  Cashola.  Cream.  Dough. I don’t think it comes as any surprise that Lending Club has quickly become my favorite peer-to-peer lending companies.  It doesn’t hurt, [...]

Unless you’ve taken the vow of debt celibacy, you’re gonna need credit.  There’s plenty of reasons to have credit, and plenty of reasons to not need the debt instruments that determine your credit score.  Unfortunately, if you’re going to need credit, you’re going to have to make use of a few debt instruments in order [...]

If you’ve been following along, you know that I’ve been performing a bit of an experiment.  I’ve been taking 10% of my earnings from this and other online ventures and splitting it evenly between Lending Club and Sharebuilder accounts.  The idea was to see what kind of returns I could get from the two, and [...]

Consideration provided by Compare the Market One of the reasons that I dislike payday loans so very much is because of the terribly high interest rates that the payday loan companies get away with charging.  Couple that with the high fees, and it doesn’t take a genius to see why most people who know anything [...]

As I mentioned before, I’ve been taking the normal 10% contribution amount that most would be putting into their retirement accounts and splitting it between my lending club account, and a sharebuilder account.  It’s been a bit of an experiment.  I happen to think that lending club is a relatively safe investment option for a [...]

Prosper.com, the P2P lending site that started it all is turning 5 today.  And, to celebrate, they’re giving everybody a payment refund.  Well, OK, not everybody.  But, everybody that lists a loan today (Feb. 17th 2011) and gets it funded will get a refund of their second loan payment. The details (A.K.A. fine print) * [...]

Everybody knows that you want to have the best credit score you can.  Why?  Because the better your credit score, the better the rates you can get on your loans, of course!  But, did you know that there are other reasons to try and improve your credit score?  In fact, here’s five ways that having [...]

Another week gone by, another weekly wrap-up! Christian PF talks about the pros and cons of variable annuities Stay at Home Mom CFO gives us the low-down on a terrible new debt collection practice Simple life in France is growing oranges.  She thinks. My Journey to Millions is questioning the Constitutionality of the Health Care [...]