PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Virtual Lending Group

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Group Launches to Help US Residents Find More Competitive Rates for Personal or Small Business Loans - US Citizens and small businesses that may be seeking loans can now join a group that is taking advantage of a new company called Prosper that connects lenders and borrowers online
Group Launches to Help US Residents Find More Competitive Rates for Personal or Small Business Loans

 

NewswireToday - /newswire/ - Littleton, CO, United States, 2006/10/29 - US Citizens and small businesses that may be seeking loans can now join a group that is taking advantage of a new company called Prosper that connects lenders and borrowers online.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Virtual Lending Group is led by Michele Brown and currently has 75 members.

“Until now, banks and credit card companies have controlled who is able to obtain credit and the rates people pay,” said Michele Brown. “With Prosper, individuals have the opportunity take control of consumer credit by dictating the terms of their own loan and placing it up for bid in an online auction. Virtual Lending Group assists new members and helps drive down potential interest rates even further because of our collective repayment history.”

Prosper’s people-to-people marketplace is intuitive for those who have used eBay, but instead of listing and bidding on items, people list and bid on loans. Interested borrowers begin by creating a loan listing for up to $25,000 that includes the maximum interest rate they are willing to pay. Lenders can then begin bidding to fund portions of the loan, potentially driving down the interest rate. Once the auction has ended and the loan is funded, Prosper consolidates the bids with the lowest rates into one simple loan. Prosper handles all ongoing loan administration tasks including loan repayment and collections.

Local borrowers can also consider joining Virtual Lending Group. At Prosper (prosperonline.us), people who borrow as members of a group can get better interest rates from lenders because the character and reputation of the group gives lenders more confidence that loans will be repaid. Virtual Lending Group is comprised of people who need business cash flow, want to invest on Prosper and need funds, in over their head with credit card debt and want to consolidate or are working on building credit and raising their credit score.

Interested lenders can also participate in Prosper by making loans to other individuals. Lenders can search for loans that meet their specific criteria, including: 1) credit scores; 2) debt-to-income ratios; and 3) historical default rates. Once people are ready to bid on a loan, they set the minimum interest rate they are willing to earn, and bid in increments of $50 to $25,000 on loan listings that they select. Lenders often minimize their risk by bidding on many small loans across different credit grades instead of concentrating their money in one big loan to a single individual.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Virtual Lending Group

 
 

Availability: All Metropolitan Area

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Group Launches to Help US Residents Find More Competitive Rates for Personal or Small Business Loans

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Michele Brown - ProsperOnline.us 
303-406-8471 prosper[.]prosperonline.us
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Virtual Lending Group securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Virtual Lending Group / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

LexisNexis® Expands Media Intelligence Portfolio with LexisNexis® Media Contacts Solution
LexisNexis Wins 21 Awards from Two Prestigious Publications
Frost & Sullivan Commends AutoGravity for Transforming Automotive Financing Industry
NYSE Governance Services and FTI Consulting Announce 17th Annual Corporate Law Firms Rankings
FTI Consulting and Asia Group Advisors Formalise Affiliate Relationship Across Asia Pacific
LexisNexis Receives 2017 Corporate Leadership Award from Freedom House for Activism in Advancing the Rule of Law
Societe Generale Named ‘Distinguished Provider of Transaction Banking Services’ by FImetrix
ALM Wins 2 Awards at 2017 Jesse H. Neal Awards
ALM’s ThinkAdvisor Launches Life/Health Channel
The National Law Journal Unveils Monthly Print Magazine
Societe Generale Selects HPD Software to Support its International Factoring Expansion
GE Closes Sale of Consumer Finance Business in France - Last Major Closing of GE Capital Exit Plan
Lazard Global Listed Infrastructure Fund Wins Two Lipper Fund Awards
Global Brands List of 2017 Awarded Elite Capital & Co. the Best Financial Brand in United Kingdom
FTI Consulting Receives Recognition in the Legal Industry

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)