The Complete Idiot's Guide to Person-to-Person Lending (Paperback)

~ Curtis E. Arnold (Author), Beverly Blair Harzog (Author)
Key Phrases: pledge drive, completed loans, normal loan, Lending Club, Virgin Money, Prime-Time Players (more...)

Editorial Reviews

Product Description

Forget credit card companies— make it personal!

The Complete Idiot’s Guide® to Person-to-Person Lending fills readers in on what they need to know, such as how person-to-person lending works, who lends and who borrows, and the advantages and disadvantages of Virgin- Money, Prosper, Zopa, and Facebook’s Lending Club.M

·Loans on Prosper and LendingClub rose to $100 million in 2007; by 2010, the online banking report forecasts $1 billion in person to- person loan originations
·Javelin Strategy & Research (Dec. 2007) predicts that the demand for person-to-person lending services may grow from $38 billion to $159 billion over the next five years.

About the Author

Curtis E. Arnold, a nationally recognized consumer educator and advocate, has been educating consumers about credit cards since 1998, and is the author of How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line. Beverly Blair Harzog is a widely published freelance writer specializing in personal finance. She is a former CPA and has an MBA in public relations.

Product Details

• Paperback: 336 pages
• Publisher: Alpha; 1 edition (April 7, 2009)
• Language: English
• ISBN-10: 1592578829
• ISBN-13: 978-1592578825
• Product Dimensions: 9 x 7.3 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #224,947 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Good advice for a changing economy, July 13, 2009

By	Ann Logue (Chicago, IL USA) - See all my reviews

People are fed up with banks, for good reason: too many banks have behaved irresponsibly, looking to milk as much money out of customers in as short a period as possible rather than build a long-term relationship. And, in this economy, many people are finding themselves in need of a loan from family and friends. This book sets out all the different ways that people can lend money to each other to make money (anonymous peer to peer lending sites), help those in need help themselves (microfinance), and borrow money from relatives without destroying family relationships. This is a great guide.

1 of 1 people found the following review helpful:

5.0 out of 5 stars Great intro. to a fasinating type of lending, April 13, 2009

By	Book Worm "Book Worm" - See all my reviews

Social lending is an amazing alternative to big bankers! Why not avoid the high fees and rates of banks and save by borrowing money from family and friends? Plus, if you want to loan money, you can typically earn a much greater rate of return than you can with CDs. It's a win-win!

5.0 out of 5 stars Smart, knowledgeable and well-written, April 14, 2009

By	Gina Roberts-Grey "Gina Roberts-Grey" (New York) - See all my reviews

The author provided a clear and concise review of the topic. She delivers the info in easy-to-understand language and obviously did her homework. It's so much clearer and informative than other personal finance books on the shelves.