Can’t get a loan? What about Lending Club?

Having trouble getting a loan? Or at least getting one with a decent rate? Or maybe you just wanna stick it to the man and not let any banks make any money off of you. Enter Lending Club. Are you familiar with them?

Basically Lending Club is a network of people that lend money as a group to people like you and me that want to borrow money maybe at a lower rate than the bank will let us. And if you have the money to lend, well, you can make some money off of it just by lending it to people like me.

The max you can get a loan for through Lending Club is $25,000 and your repayment term cannot be longer than 3 years. You could use this to get a low interest car loan for example.

I was actually checking it out the other day to see if it could help me out with some high interest credit cards. It does not cost anything to submit an application and I just might do it. If anyone out there has any experience with them, good or bad, feel free to let me know in the comments!