Turmoil at LendingClub may scare investors but consumers should not necessarily follow. If your credit score is good and you are in a hurry for a loan, these online providers—that match borrowers directly to lenders—may still work for you. With interest rates still low, this avenue may still be viable for consumers, especially those confident that they will be able to pay back in full early, as they don’t impose penalties for it.
Peer-to-Peer Lending May Still Be Good for Borrowers
- by Verb Company