Beverly Hills 12/29/2009 12:43:06 AM
News / Business

Market-based Solutions to the Credit Crunch

Finance World News Update by EQUITIES Magazine

Consumer and small business credit card holders were some of the biggest victims in the financial meltdown. According to USA Today, at least one-third of U.S. credit card holders have had credit lines reduced or cancelled in 2009 and 2009, and the trend is accelerating. National Association of Small Business reports that over 40 percent of their members report contraction/cancellation of small business credit card line form major small business credit card issuers.

One market-based solution to the credit crunch is Lendingclub.com—a social lending network platform that arranges three-year fully amortizing loans from lender/investor members to borrower members.

To learn more about Lendingclub and read Tobin Smith’s full article, click here.

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