Comments on: Top 5 social lending sites that knock out the bank middle man

By: Mark Ashton

Mark Ashton — Sun, 13 Sep 2009 12:03:29 +0000

In the UK the regulations are different to the US. This makes it easier to operate in the Social lending environment. Bigcarrots.com use the social lending model but for businesses, their crusade is to help ordinary people back British businesses. Similar model to Zopa but loans are from 3 months to 36 months so business can effectively replace their bank overdraft. You have to be a UK resident to use the site.

By: Michael

Michael — Tue, 28 Jul 2009 06:36:04 +0000

Nice write up. Since this article was created a new site that might be considered a better alternative to LoanBack has been launched. In addition to having all of the same features as LoanBack there’s an additional loan payment tracking tool that helps track payments including helping adjust for over and underpayments providing a more complete solution for the do-it-yourself customer.

Disclaimer: I am the founder of LendingKarma.

By: Bob

Bob — Tue, 05 May 2009 00:52:17 +0000

This is one of those “get rich placing google ads” sites. Typical!

By: SocialLender

SocialLender — Sat, 10 Jan 2009 05:06:36 +0000

Great write up. Of the ones you mentioned, only Lending Club seems to be open.

I also found this idea on Change.org:
http://www.change.org/ideas/view/solving_the_credit_crisis_from_the_bottom_up

By: Social Lending

Social Lending — Fri, 26 Dec 2008 23:52:36 +0000

Nice write-up, but you should mention that most social lending sites are currently on pause due to registration filings with the SEC. Lending Club is the only lender currently making new loans in the U.S. Virgin Money is an alternative, but it’s BYOL (bring your own lender!)