Tag Archives: Lending Club

The Sharing Economy Can Make You Money

Taxation of this Sharing Economy:

The Internet, along with its rising social media, has created some very new opportunities for people to earn extra cash. This ‘sharing economy’ theme is defined as this – Putting up some unused resource either for sale or for rent (like a skill, parked vehicle, or empty room). This might seem a bit minor at first, but according to one statistic, this sharing economy actually represents as much as a $110 Billion dollar market.

One community marketplace for finding or listing or booking lodging all over the world, is Airbnb. This is done on … Read more at 2011 Taxes.

Understanding Peer to Peer Lending

Peer to peer lending has boomed since its advent, as it has provided debtors a simple means of acquiring unsecured loans without having to pay high interest rates as with credit unions and local banks. Companies such as Prosper, Virgin Money, and Lending Club offer interest rates that could for as little as 6 percent, which is very convenient that most borrowers refinance personal loans and credit card debts into a P2P loan. If you wonder how these companies manage to offer such low interest rates even if the borrower does not have a good credit rating, it’s because they … Read more at 2011 Taxes.