Sentences with phrase «p2p loan sites»
P2P loan sites do have minimum credit score requirements, so if you have very bad credit, you might not qualify for a loan from one of these sites.
http://creditcardsmarts.org/ Not exact matches
Make sure you check out the p2p lending comparison table to see which peer lending site is best for your needs and take advantage of the fact that there is no cost to apply for a peer loan.
Most P2P loans are unsecured, but some sites facilitate secured loans as well.
I've used four p2p lending sites in the past, two for bad credit loans and two for improving my credit.
The stated minimum for peer loans on a few of the sites is 580 FICO though I've seen people get p2p loans with lower scores.
Finding the right p2p lending site for your needs will help you get a cheaper loan.
Typically, with loans from p2p lending web sites such as Lending Club and Prosper.com, the borrower gets a much lower interest rate than they would typically be offered at a traditional bank.
Most P2P lending sites make either personal loans or business loans, but very few make both.