If you are planning on having any type of surgery or just need money for X reason, Lending Club might be a solution for you. For those who don't know, LC is a peer to peer loan site. In other words, you can apply for a loan and real people like you and I will add funds into your account.
When I first heard about the site, I was very skeptical but I'm glad I decided to give it try. I applied for a personal loan of $15,000 last Saturday and by Monday, my loan request was funded at 100% by over 100 investors. At that point all I had to do was verify my information like bank, income, etc. The money was deposited in my bank account this morning.
To qualify, you do need to have at least a 640 credit score. It's a loan so obviously you'll need to pay it back but for those who are having a hard time saving up money and having a difficult time getting bank loans, this may be an option. The better your credit and/or income, the better your chances of being approved and the lower the interest rate will be. I honestly didn't think I would be approved.
Well, I hope this helps someone out there. If you do apply, good luck.
