http://lendingclubscam.com/ There are many people who think of loans and are reminded by the term lending club scam. This is a misnomer because of the fact that there are no scams in the lending.

1. http://lendingclubscam.com/
Is There A Real Lending club scam?
There are many people who think of loans and are reminded by the term
lending club scam. This is a misnomer because of the fact that there are
no scams in the lending. Just like the loans
that are provided by the banks and various
other financial institutions, when a group of
people lend money to others by pooling their
money, it is called as a lending club. This
loan is provided by peer group people to
others. There is a high risk because of the
fact that some of the people who borrow the
money may not repay the money again.
Though this is a real risk that is faced by
many people, the truth is that the scheme is not a scam as the term
lending club scam, makes it sound.
So, if you are thinking of investing money from the lending club or if you are
thinking of borrowing money, then there is no harm in the whole process.
Each and every transaction that happens in this method is done through
the book. All the transactions are recorded completely and there is no way
that one person will be able to get cheated. As already mentioned, the risk
that borrowers may not repay the money and it becomes a bad asset is the
only worry, but that is a risk that even banks will have to face. So, there is a
high risk involved and if the borrowers are good, then there is a high reward
too. So, you do not need to worry about the word lending club scam
because there is no real scam going on here.

2. Many of the investors who have put their money in this scheme have been
able to get a lot of returns and the amount that the investor has got is about
12%. So, this is a great investment method. Though there were some
underhand dealings in the initial stages, the SEC has made sure that the
whole process of lending and borrowing is going on smoothly. All the
problems have been ironed out and this scheme has become a genuine
one where the lenders as well as the borrower stand to gain. So, if you are
planning to invest into this scheme, then you do not have to worry about
the lending club scam because it is only a word coined by those who
were dissatisfied with the returns.
http://lendingclubscam.com/