One of the ways we can borrow used to be from the conventional methods of lending. Everyone went to a bank and asked for a loan or the newest avenue had been the Payday loan since the 1980's. For those who went to a bank and getting a loan was like rolling the dice and hoping the Loan Officer would allow you to get a bank loan. We know that banks want someone who has unblemished credit and fico scores in the 670's and beyond. If you could not get a loan from the bank, some people would resort to high interest loans from a PayDay or Finance Company.
With the emergence of the Internet in the last 10 years, we see an exciting new trend of borrowing known as Peer to Peer lending. People can borrow money from a lender and a loan can be written with easy terms at 3 years. The difference with this type of loan is a stranger who could be your neighbor, friend, or investor could be the lender on this type of model. At Choice Peer Lending. com we have a group of lenders and borrowers who support each other. We are located on the Prosper.com website where getting a loan is a new of of borrowing.
For more information go to http://www.choicepeerlending.com
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