I recently had the privilege of being on the Gerri Willis Show on Fox Business and discuss the value of peer to peer lending through services like Lending Club. Here is the TV segment which was filmed on September 3rd, 2013. Hank Coleman on the Gerri Willis Show If you are having trouble watching the video with your RSS Reader, you can watch the video on Money Q&A. Transcript Of Hank Coleman Talking About Investing In Peer To Peer Lending GERRI WILLIS: It's a trend shaking up the financial world - it's peer-to-peer lending. … [Read more...] about Hank Coleman Discusses Peer To Peer Lending Investments On Fox Business
Peer To Peer Lending
Review Of Peer-To-Peer Lending Site – Prosper
Prosper is a Peer to Peer lending website similar to Lending Club that connects individuals who want to lend money to others who are looking to borrow money. It is appealing to both borrowers and lenders because it offers great rates for borrowers and great returns for investors. As an investor, Prosper allows you to skip the bank and deal directly with borrowers putting more money in your pocket. And, as a borrower, you can typically save several percentage points on your loan than what you would have received otherwise from a traditional … [Read more...] about Review Of Peer-To-Peer Lending Site – Prosper
Dissecting My Twelve Loans That Defaulted On Lending Club
Last week I made a horrible confession. I am a greedy investor, or more importantly, I WAS a greedy investor when it came to my Lending Club account and investing in peer to peer lending loans. But, I have learned the errors of my ways. I love Lending Club and the idea of earning a great rate of return by investing directly in peer to peer loans of people who need funding and may not otherwise receive it. So, I’m not giving up on investing in peer to peer lending through Lending Club. I’m trying to be a better loan picker and evaluator. So, … [Read more...] about Dissecting My Twelve Loans That Defaulted On Lending Club
How I Got Greedy and Lost My Shirt with Peer To Peer Lending Loans
I completely messed up investing in peer to peer loans through Lending Club by being greedy. Jim Cramer is famous for saying that both bulls and bears can make money, but pigs get slaughtered. What he means is that it is one thing to make money or make a living with your investments. But, to try and make a killing on them, you will often be crushed by those very same investments. I’m ashamed to say that I got greedy with my Lending Club investments and tried to push the envelope, and I got burnt. Keep reading to see what happened and … [Read more...] about How I Got Greedy and Lost My Shirt with Peer To Peer Lending Loans
Three Places To Find Money In A Pinch When Times Are Tough
Surveys have shown that a majority of Americans, 60% to 70% live paycheck to paycheck. There are always going to be hiccups in your personal finances, and those tough times are often multiplied if you do not have a written monthly budget. But, how do you find money to pay your bills in short notice if you are in a pinch? Going to a payday lender should be one of your last resorts because of the enormous amount of interest that you will ultimately pay on such a short-term loan. Payday lenders provide a horrible service that preys on people … [Read more...] about Three Places To Find Money In A Pinch When Times Are Tough