What is lending club?

[Reedex]

Is a peer-to-peer lending platforms that connects borrowers and investors who are willing to fund different loans and this particular platform will allow you to earn interest.

 

[Bisolami]

Is a peer-to-peer lending platforms that connects borrowers and investors who are willing to fund different loans and this particular platform will allow you to earn interest.

I think it will be a very good website that will have all the details of the borrowers and lenders

 

[nomad]

I have an account on this platform, I registered for burrowing purpose b ut never used it.

 

[Chibson]

I think it will be a very good website that will have all the details of the borrowers and lenders

It may also be good for people who are intending to start up a business. But I am wondering how they'll be able to hold everyone responsible if anything goes wrong.

 

[Shavkat]

It sounds appealing to me. But it is not my persona to borrow certain things. It is nice to know about it though.

 

[Ebutech]

Is a peer-to-peer lending platforms that connects borrowers and investors who are willing to fund different loans and this particular platform will allow you to earn interesThis

This is a very commendable initiative, I just hope scammers will not invade it and the sole aim of the platform defeated, whosoever that brought this idea should be given accolades.

 

[eldavis]

It may also be good for people who are intending to start up a business. But I am wondering how they'll be able to hold everyone responsible if anything goes wrong.

My thoughts exactly. What if a person refuses to pay back, how do they locate such persons to get the money back.

 

[SHAHID987]

Borrowers can apply for loans on the Lending Club website, and investors can fund those loans by purchasing notes that represent a share of the loan. Lending Club makes money by charging origination fees to borrowers.

Post automatically merged: Jan 25, 2023

Borrowers can apply for loans on the Lending Club website, and investors can fund those loans by purchasing notes that represent a share of the loan. Lending Club makes money by charging origination fees to borrowers.

 

[Hate2Wait]

I have never heard about any such app or website but I would like to know how to earn interest from it and what's the guarantee that the other person will repay the borrowed amount

 

[Chibson]

My thoughts exactly. What if a person refuses to pay back, how do they locate such persons to get the money back.

I think it may be limited to people in some certain geographical location. Where every of their details will be collected in case anything goes wrong.

 

[Heatman]

I'm not the kind of person who's going to interested in lending or borrowing money from anyone, be it online or offline.

 

[eldavis]

I think it may be limited to people in some certain geographical location. Where every of their details will be collected in case anything goes wrong.

If it's like how you just said it, that means not everyone can register on the platform.

 

[Raja]

If they are secured and profitable then I would like to join this platform.

 

[Stardom22]

I have once saw the platform on and advert online. However I have not involved in examining it in details so I don't have any idea about it for now

 

[Bisolami]

It may also be good for people who are intending to start up a business. But I am wondering how they'll be able to hold everyone responsible if anything goes wrong.

This is what I always think of too
I guess they have their ways of getting them

 

[Chibson]

If it's like how you just said it, that means not everyone can register on the platform.

it may not be accessible to everyone because they may not be able to get details of everybody. They will only prefer people who they can easily get their details.

 

[Starmix]

It's my first time to hear that app but no matter how good it is I won't try. I no longer have time.

 

[relcap23]

Is a peer-to-peer lending platforms that connects borrowers and investors who are willing to fund different loans and this particular platform will allow you to earn interest.

I haven't heard of this one. Is it legit? Are you a part of it?

 

[Bisolami]

it may not be accessible to everyone because they may not be able to get details of everybody. They will only prefer people who they can easily get their details.

That's true
I think you have a valid point there
Those website owners know what they are doing too

 

[Chibson]

That's true
I think you have a valid point there
Those website owners know what they are doing too

Probably, if they do not put the right measures in place they will run into losses. That's why many people will not be accepted.