Prosper Versus Lending Club

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From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

About 2006, Peer to Peer (P2P) lending emerged as a new way for people to lend money to each other without going through banks or other traditional avenues. Since then, the two largest players in the P2P market have been Prosper (our review) and Lending Club (our review). Both sites allow borrowers to make loan requests for various purposes up to $25,000. Interested lenders can get together and fund as little as $25 per loan. The P2P site then gathers all the money, disburses it to the... Read more

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How to Break Free from Your Escrow Account

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

When my fiancé, Paul, and I bought our first home last September, a co-worker of mine asked if we were going to use an escrow account or not. After shelling out tens of thousands of dollars, the thought of owing large tax bills in just a few months in the New Year made an escrow account an appetizing option. Besides, as a first time home buyer, I was not fully knowledgeable with how the entire home buying process worked, so when we found out that most new home buyers use an escrow account, we... Read more

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35 Best Personal Finance Books

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

Just before the holidays, when My Dollar Plan celebrated our 1 millionth visitor, readers shared their favorite personal finance books. There were more than 100 suggestions, so I picked out 35 to highlight. That should be more than plenty to get all of us started! Readers’ Favorite Personal Finance Books The Millionaire Next Door. It changed my perspective that you have make/spend a lot of money to become wealthy. – Mike (and 11 others) Your Money or Your Life. I was working three... Read more

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Chase Sapphire $100 Sign Up Bonus

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

Chase has a new credit card sign up bonus that they’re offering with their Chase Sapphire card. The $100 is this week’s Free Money Friday offer! How to Get Your $100 Sign Up Bonus Apply for the card and make your first purchase. Earn 10,000 bonus points. Cash your points in for a $100 statement credit that you can apply to purchases made within 60 days of the redemption date. Points may take 6-8 weeks to post to your account but statement credits will post within 5-7 business days... Read more

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What are Your New Year's Resolutions'

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

After the hoopla from the holidays is over, we turn around and head right into planning a birthday party for my oldest son. It’s one of the drawbacks of having a birthday around the holidays, however it is fun to have another event to see friends and family! Once the party is over next week and all of our family returns home, I’ll move into some resolution planning. I’ve decided that I’m going to give myself until the end of January to decide what I’m going to work... Read more

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How to Earn High Returns with Lending Club

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

Almost two years ago I opened a P2P lending account with Prosper. I invested in about 20 loans before they shut down for SEC registration. I switched to more stringent lending criteria after having a few loans default early on, but still had many defaults. Those defaults made me a little turned off by the idea of P2P lending, but then Lending Club offered $50 to sign up and I couldn't resist! So about a year ago I joined Lending Club and invested in my first two loans. After a few months I was... Read more

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Prosper Review: A Closer Look at Social Lending

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

Social lending, also called Person-to-Person and Peer-to-Peer (P2P) lending, started a few years ago as a way for people to borrow and lend money without going through traditional banks. The two biggest players in the industry are Prosper and Lending Club. Prosper came first, but entered a long dark period to allow for registration with the SEC. It’s back now, and open for business to borrowers and lenders in certain states. How Prosper Works Borrowers apply for loans through Prosper,... Read more

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Ignoring Finances When Young is a Risky Game

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

This is a guest article by Kevin. You can find Kevin at 20s Money, where he writes about financial topics geared specifically for young people in their 20s. The Perfect Storm Young people are in dire financial conditions. A weak job market, crushing debt levels and a lack of fiscal responsibility are a perfect storm resulting in the disastrous shape of most young people's financial lives. Ignoring the Numbers There is great risk in not addressing the financial shape of one's life when they are... Read more

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New Year's Financial Resolutions: Resolve to Take Baby Steps

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

The time has come where many (including myself) will be making New Year's Resolutions. But how many people actually attain the goals they set out to complete each year' According to Stephen Shapiro, author of Goal-Free Living, one in four people who make New Year's Resolutions never succeed. Perhaps this is because people are lacking the stamina they need to obtain their resolution, which is suggested in a study from the Clinical Journal of Psychology that found that only 46% of Americans who... Read more

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Holiday Hangover Cures

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

I had such a wonderful holiday with my family in Pennsylvania. There were airports, bows and wrapping paper, smiles, music, toasts to good fortune and days past, special holiday movies and shows, candy canes, and everything in between. Now that the holidays are officially over, I must admit that I feel a little void where holiday cheer, family and peppermint candies used to fill. If you are suffering from a slight case of holiday hangover, here are some common post-holiday blues, and ways to... Read more

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Happy Holidays, Investing, and Credit

From My Dollar Plan, 2 year ago, Read 0 times. Similar articles

Happy holidays from our family to yours! I hope you have a wonderful holiday season. Amazon Prime free shipping ended last night, so now I’m officially done shopping! And if it wasn’t a lightning deal on Amazon, it was probably a Slickdeal. I love the feeling of getting fantastic deals on all the gifts I give! Now, to sort and wrap the 50 boxes in the basement that the UPS man has dropped off…. While we’re busy enjoying time with family over the next few days, and hope... Read more

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