We often talk about how person-to-person lending, and Lending Club in particular, helps borrowers obtain a 3% to 4% lower interest rate than they would get from a bank or a credit card company. These lower rates result from a more efficient process: bypassing the banks and making the money flow seamlessly between individuals (lenders [...]
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What’s 3% worth?
July 18th, 2007 — Financial Education, Lending Club, discount, pocket, reduction, sake, seamlessly, talk, worth, “buy” from Patrick Gannon @ Lending Club
