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Crowd Fund Your Credit Card Debt

by Frank Hammon posted Aug 26 2013 9:21AM
You've unintentionally run up some credit debt and the bank won't work with you to reduce the interest. Sound familiar? 
What's not so familiar is a group of strangers willing to help bail you out. Web sites like Prosper.com and LendingClub.com do. 
Borrowers apply for loans. Investors buy notes made up of these loans sit back and collect the interest according to Debra Borchardt of "The Street."
 Now if you have really bad credit, don't even bother to apply as only ten-percent of those that do meet with approval.
Filed Under :
Topics : Business_Finance
People : Debra Borchardt
08/26/2013 9:21AM
Crowd Fund Your Credit Card Debt
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