Cosigning a Loan | A Chronicle of the Many Dangers

If you are a mean, hard, and calloused individual, you need not read this post about cosigning a loan.  However, if you have a tendency toward niceness and kindness flows within you, then you need to read this post line by line. MSN Money says you should never cosign a loan.  I'm not sure if never is the right word, but it would need to be a really unique situation. The nicer you are, the … [Read more...]

How to Invest at Lending Club | A Guide for New Investors

I recently had a reader email with a follow-up question regarding p2p lending at Lending Club.  He essentially wanted to know how to invest at Lending Club. Here’s the question: Could you explain to me how lending club works as an investor? What type of initial investment is needed? Do you fund individuals or across the board? I thought the question would be good to address in this … [Read more...]

Christian Lenders | Should Lending Be Abolished?

This week I’m continuing to think through the implications of the statement: the borrower is slave to the lender.  How does this impact Christian loans and Christian lenders? Perhaps, I’m wrong, but taken at face value, this passage (Prov. 22:7) seems to indicate that any Christian who lends would then be a master.  Since the Bible says we have only one master, then it seems as if it would be … [Read more...]

Lending Club: How To Participate in P2P Lending

The people are taking their stand, and one giant middle man is being removed – the bank. Borrowing and lending has been part of human society for generations.  It was prevalent enough that God included some borrowing and lending guidelines in the books of the Old Testament law. Historically, the wealthy lent to those in need.  In our modern society, the banks have long since held the … [Read more...]