Peer-2-Peer Lending Platforms
Does it feel like some cold bold robbery to save your money with my bank which they trade with and give you a 5% interest in return? Yet the same bank would make you pay a whopping 15% if you dare borrow part of that money! A report by Transparency Market Research shows that about 26% of Americans have been using the Peer-2-Peer lending service which by 2018 would predictably be worth $86 billion. So if you’re thinking of getting your loans elsewhere, Peer-2-Peer is your alternative. This is how Peer-2-Peer lending works.
The Borrower's Right
Whenever you are experiencing problems with debt, knowing your rights can help you sleep at night and deal with what may seem an impossible task. Oh yes, owing money doesn’t make you less a human being, especially if you’re working hard and smart to pay back. Please do not hurt yourself. This episode brings you the legal picture. Listen & See!
Paying Back A Bad Debt
If you would like to pay back but can't seem to help yourself, this is for you. It can be pretty embarrassing to have someone asking us to pay back over and over again... do not blame the creditor, if we owe them, we owe them. It's just that simple. So here are five quick tips to help you pay back that loan!
Student Loans in Africa
Accessing student loans may be difficult across Africa as banks offering student loans still require some form of collateral and an existing banking relationship with them. Hmmm… Repayment periods are kinda shorrrrt, and their loans don’t usually cover the total amount of tuition you need. But hey, ask the banks too and they know it’s quite risky lending to students. Is this peculiar to Africa?
Review of Loan Experiences
Everyone seem to be discouraging me from giving loans to friends and families because if I won’t keep it strictly business, I’m likely to lose all my money. I wouldn’t want that to happen so I might say ‘yes’ but (sighs) I still don’t know how I’d feel if my friends refuse to give me loans because they are protecting our friendship. Loanclopedia hits the streets of Africa and here’s what people have to say.
Why Should I Get a Loan and Why Not?
For some it is a fearful thing to collect a loan. For others, it is an exciting news to find a willing lender. There are even those who owe a lot of people but have chosen to remain unmoved by their own inability to pay back. Everyone has a story to tell when it comes to taking and paying loans. Here are some as you consider yours.