Fynanz made several improvements in the vetting process for new borrowers including the following changes:School certification is obtained directly from a borrower’s school (or a borrower has to provide a school transcript and tuition bill) to verify…
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Fynanz improves borrower vetting
August 21st, 2008 — , Fynanz, student loans from tom @ Prosper Lending Review
Fynanz Review
July 28th, 2008 — , Fynanz, Lenders, P2P Lending, Site Review, academic model, academic scores, auction details, borrowers, cosigner, federal loan programs, fico scores, impressive track record, loan request, marketplace, money, online auction, risk, student loan, student loans, what this means from keira @ Rate Ladder
This year, it has never been more difficult to get a student loan, thanks to new federal regulations. Hundreds of lenders announced that they would no longer be taking part in federal loan programs and schools are struggling to try to offer loans directly to students. This opened up a huge marketplace in the p2p [...]
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July 1st, 2008 — , Fynanz, Lending Club, Prosper, Referral, Revolution Money from tom @ Prosper Lending Review
Since announcing their referral program one year ago, Prosper has grown from about 300,000 members to nearly 800,000. Under the bonus program, both the referring lender and the new lender received $25. Over the last year the program has been modified…
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June 18th, 2008 — , Fynanz, Referral from tom @ Prosper Lending Review
Earlier this year, Lending Club offered an incredible offer to new users who invested more than $5,000 - they would immediately give the lender a 5% bonus. It was very popular and due to the terms of the deal many were able to earn even more than 5%. F…
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June 15th, 2008 — , Fynanz, US from wiseclerk @ P2P-Banking.com
Fynanz announced a lending bonus.
We're excited to announce that we're giving you and other lenders who lend $3,000 or more, a 3% Lending Bonus. That's on top of the great rates that you're already earning as a lender through the Fynanz Student Loan Marketplace …
Lending Bonus is earned on the aggregate amount you lend across [...]
Friday Media Report - June 6, 2008
June 6th, 2008 — , Fynanz, Fynanz News, General News, GreenNote News, Greennote, Lendingclub, P2P Lending, Prosper, prosper news from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
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Every Friday, we’ll take a look at some of the stories surfacing in mainstream news about peer-to-peer lending and what people are saying about the major players in the field. We hope this will provide lenders, borrowers & executives some perspective about how P2P lending is being received and how the industry is continuing its [...]
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May 30th, 2008 — , Fynanz, News, borrowing, lending, money, p2p, student loans from Jeff @ P2P Lenders
I spent some time roaming the latest entry into P2P called Fynanz, which specializes in student loans. Not much going on there at the moment. I saw two loan listings, one of which was a ‘faker’ for testing purposes. Loans are done off of current LIBOR rates and adjusted accordingly. Info found here. One big [...]
Related StoresNiche P2P lending – Mirroring the path of social networks?
May 24th, 2008 — , Fynanz, Fynanz News, P2P Lending from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
As the social web industry has grown, so too has the growth of more niche social networking sites that mirror the capabilities of the big networks like MySpace and Facebook, but cater to a more targeted audience. These communities form more of a cohesive bond between members and also help the creators of the network [...]
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A good idea over at Fynanz?
May 3rd, 2008 — , Fynanz from Old Stump @ Money Walks
I got a little excitement when reviewing the status of one of my bids over at Fynanz. I was looking at the screen with bids and noted that while the rates for most bidders were hidden, the rate for the Fynanz bids were shown. This is the gem of a great…
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April 23rd, 2008 — , Fynanz, Risk in P2P lending from Old Stump @ Money Walks
Fynanz is a highly targeted P2P lending site. It only lends to students for student loans.As a lender that has somewhat soured on the concept of P2P lending in general (see my “Loans that disappoint” post), I’ve learned that I cannot really trust what…
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April 21st, 2008 — , Fynanz from Old Stump @ Money Walks
My one and only bid on Fynanz seems to be about to turn into a loan. I bid $50 on this listing, just to see how the process works. In the early stages, when I had some issues with my account, the Fynanz Customer service guys seemed right on the ball. T…
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April 20th, 2008 — , Fynanz, Simple Tuition, Virgin Money USA, student loans from tom @ Prosper Lending Review
The Boston Globe takes a sharp look at the student loan industry and especially the peer to peer market in today’s article Student loan confusion opens market niche.In addition to Fynanz and Virgin Money, the Boston Globe talks to Kevin Walker, co-foun…
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American Banker: Fynanz Seeks to Fill Void in Student Lending
April 19th, 2008 — , Fynanz, loan, student loans from tom @ Prosper Lending Review
American Banker has featured the new p2p student loan lender Fynanz in a recent article (login required). Here are the highlights:…The New York company began facilitating private educational loans in two states last month and now offers them in seve…
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Fynanz off to a slow start
April 18th, 2008 — , Fynanz, peer to peer lending, student loans from tom @ Prosper Lending Review
Dano34, an international student attending Queens College in New York, may soon become the first person to obtain a peer to peer student loan through Fynanz. Fynanz opened their doors to borrowers and lenders one month ago.In this initial launch phase,…
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April 1st, 2008 — , Fynanz, US from wiseclerk @ P2P-Banking.com
Fynanz.com, currently launching for borrowers in New York and Florida, offers peer to peer lending to students.
The service differs from other p2p lending service in many points.
The private student loans, also known as "alternative student loans", Fynanz offers have variable interest rates. Other p2p lending services so far operate only with fixed interest rates. At [...]
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March 21st, 2008 — , FACS, Fynanz, peer to peer lending, student loans from tom @ Prosper Lending Review
This week Fynanz became the first peer to peer lending company to specifically target the student loan market. Fynanz allows family, friends, alumni or just about any American with $50 to help students meet education expenses such as tuition, books, ro…
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Fynanz to tackle peer to peer student loan niche
January 12th, 2008 — Fynanz, peer to peer lending, student loans from tom @ Prosper Lending Review
Chirag Chaman left his position as CEO of KobeMail a year ago to build Fynanz, a peer to peer lending site for student loans. Fynanz describes their service as “an innovative marketplace where students can get one of the most competitive rates on priva…
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Continue reading → Fynanz to tackle peer to peer student loan niche
