http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/ Financial Culture Thu, 07 Apr 2011 15:41:10 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1069 Sherlock Thu, 28 Jan 2010 17:32:07 +0000 http://www.financialculture.com/?p=640#comment-1069 I always wonder who has made this credit?? It has ruined the economy of almost all the country! I always wonder who has made this credit?? It has ruined the economy of almost all the country!

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1068 Gary Thu, 28 Jan 2010 17:31:44 +0000 http://www.financialculture.com/?p=640#comment-1068 Simple live in cash and spend how much ever you have. Why to live in debt for whole life? Simple live in cash and spend how much ever you have. Why to live in debt for whole life?

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1067 Alonso Thu, 28 Jan 2010 17:30:57 +0000 http://www.financialculture.com/?p=640#comment-1067 They will definitely not be genuine and risk for monetary loss is very heavy for lenders as borrowers will default maximum times. They will definitely not be genuine and risk for monetary loss is very heavy for lenders as borrowers will default maximum times.

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1066 Essien Thu, 28 Jan 2010 17:29:52 +0000 http://www.financialculture.com/?p=640#comment-1066 This is the same situation with credit card, only that credit card is more secured. This is the same situation with credit card, only that credit card is more secured.

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1065 Zack Thu, 28 Jan 2010 17:29:29 +0000 http://www.financialculture.com/?p=640#comment-1065 Credit history is the most important thing and they don't need it. In the loopholes they ask for credit history. What does this mean? Credit history is the most important thing and they don’t need it. In the loopholes they ask for credit history. What does this mean?

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1064 Lincoln Thu, 28 Jan 2010 17:29:00 +0000 http://www.financialculture.com/?p=640#comment-1064 I don't understand one thing, if they are freely giving loans then just for a formality they need all information or what? I don’t understand one thing, if they are freely giving loans then just for a formality they need all information or what?

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1063 Bondie Thu, 28 Jan 2010 17:27:56 +0000 http://www.financialculture.com/?p=640#comment-1063 These are loss making firm for sure! They will give loan to bad credit history, only that they need to pay more than counter part. If they would be able to pay that then why would they default! These are loss making firm for sure! They will give loan to bad credit history, only that they need to pay more than counter part. If they would be able to pay that then why would they default!

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1062 Sandy Thu, 28 Jan 2010 17:27:15 +0000 http://www.financialculture.com/?p=640#comment-1062 No credit history an still you will get a loan, that’s strange? No credit history an still you will get a loan, that’s strange?

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1061 Pollard Thu, 28 Jan 2010 17:26:51 +0000 http://www.financialculture.com/?p=640#comment-1061 I believe this will tend people to take more loans and this time we will be hit by a greater economic recession. I believe this will tend people to take more loans and this time we will be hit by a greater economic recession.

]]> http://www.financialculture.com/the-plus-and-minus-of-social-lending-the-new-age-financing-system/comment-page-1/#comment-1060 Dwayne Thu, 28 Jan 2010 17:26:25 +0000 http://www.financialculture.com/?p=640#comment-1060 These services are type of a credit card service only. The difference is in the mode of payment and lower interest rate. These services are type of a credit card service only. The difference is in the mode of payment and lower interest rate.

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