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Sunday November 22, 2009 8:55 PM ET
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The Bank of Mom and Dad
As the lending market tightens up, more people are turning to their friends and families for loans.
 
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Posted 10:29 AM EST January 06, 2009
stevenrabago SmartMoney Insiders
1 Comments
There are other viable options for people looking for Family Loan Management. ZimpleMoney.com has a web product that enables people or organizations to make and manage direct p-2-p loans. ZimpleMoney is focused on 'naturally" occurring networks like family, friends, churches, schools, organizations, non-profits, charities and foundations. ZimpleMoney sends bills, receives and distributes payments, post to loan ledgers, sends late notices, sends alerts as to the status of billing and collection process and provides tax records. We also provide a digital document management tool to upload files. Take a look at our site at http://www.ZimpleMoney.com Zimpley, Steve Rabago, ZEO ZimpleMoney

BTW - we are launching a FREE product for use managing loans
Posted 6:43 PM EST January 05, 2009
Posted by: McRunnin
I'm a lender at Lending Club, and so far it's been a great investment. I have no defaults and am earning right around 10%. Beats my stock portfolio any day!
Posted 10:41 AM EST January 05, 2009
Posted by: LongStockings
It's no secret that borrowers are running out of options. It's a great time for companies like Virgin Money, Lending Club and the others you mention to facilitate lending among people directly, and help solve the credit crisis.

Wondering if you had any research or information about how good of an investment option lending is for folks like me who want to diversify their portfolio. From the basic numbers, it looks like I could be making 10%+ easily investing via Lending Club. is that so?
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