Social Lending is Going to be Huge in 2013 – Catch The Wave

Social Lending

Social lending is powerful — on many levels. It’s a way of saying goodbye to the presence of big banks — you know, the same ones that got their bail out and continued to be restrictive to regular people. How awful is that? After all, they’re supposed to be the ones that you can trust with your money. They’re supposed to be the ones we turn to when it’s time to do something with our money — like getting a loan for our first home. However, there are a more than a few people who now believe it’s better to really get the money from other sources. They’ve formed a revolution to help people actually take back control of their lives. This revolution is social lending. There’s no need to believe that you can’t get things done without going to a bank. The banks no longer concern themselves with your problems, so why should you patronize their establishment anyway?

We’re not trying to say that banks are useless, but we are saying that if you’ve gotten the run around by banks, it’s time to look into alternate ways of seeing your dreams come true. You need to make sure that you’re going with the right social lending proposal if you’re going to take advantage of it.

Social LendingYou want to make sure that you truly take time to figure out what you’re trying to ask for. Just saying that you need money isn’t going to give you any leeway with anyone. Everyone needs money. The more important question is — what are you going to use the money for if we approve your proposal? How are you going to pay the money back? These are the same questions that lenders ask, so it’s all fair and balanced. You have to realize that regular people are going to be giving you part of their money. That’s nothing to sneeze at, and it means that you really do need to ensure that you’re staying focused on the right steps to take. You don’t want to just turn in a short proposal. You’ll have plenty of questions that have to be answered, and that’s something that can be difficult to handle at first. You might feel weird about opening up about your own personal finances with strangers. You have to be transparent in order to get the type of funding that you’re looking for.

What about that proposal? You want to make sure that seasoned veterans of social lending look over your proposal. In 2013, these sites are going to grow even larger. A lot of people are fed up with the global financial crisis. The economy isn’t improving as fast as we would like, and that means that you have to start looking at how you’re going to take care of your best interests. You could have a mortgage funded by asocial lending — either a first mortgage, or a refinance opportunity. It’s going to be up to you to figure out what to ask first. The key thing to remember is to be as honest and transparent as possible. This is not where you want to pretend like you make more than you do, or that your credit score is better than what it really is. Everyone has some bumps in the road. If you’ve managed to turn things around since you got the credit dings, you want to mention that.

Having a solid plan of using the money is another key thing to remember. If you’re vague, then you could scare away potential lenders that would have otherwise given you exactly what you were looking for. Is that what you really want to face? Probably not.

Keep all of these things in mind. And don’t forget the social aspect – these are regular people. Hang out on the site for a while before you build your first proposal. It’ll help you really bond with people and make it a lot easier to ask them for money later down the road. Good luck!

Adding to Your Social Lending Successes

Social Lending

If you’re interested in the world of social lending…great! There are so many reasons to love social lending. Indeed, you are basically getting money from people that are building a trust with you. That’s better than some faceless, nameless bank that doesn’t really care if you are a borrower or not. People are going to be investing in your dream, and that’s a pretty big deal. You want to always think about how you can add to your social lending successes.

Does that necessarily mean doing more listings? Not at all. You might want to build up your influence on the site so that when the time comes for more financing, you will truly be completely ready for anything and everything. That’s the best way to go, in our humble opinion. If you are going to think about going into social lending, there are a few things that you want to do.

Social Lending

First and foremost, fill out your profile! When we say “fill out your profile”, we don’t mean one liners. Think of it as the one place where you really do get to talk about yourself. What does your life really say about you? What do your dreams really say about you? If you aren’t used to being honest and open with the things that you want, don’t worry. A lot of people are pretty shy. This isn’t the anonymous web. It’s the social web. It’s the personal web. People are going to be taking their hard earned money and putting it towards something that you really believe in. They’re going to be trying to take good care of you — shouldn’t you let them see what their investment is really going to do?

It’s not just about your first listing — it’s about presenting yourself as a person. Let them get to know you. There are plenty of social lending sites out there. Remember that you want to pick a consistent handle so that when people Google it (and they will), you show up as one person. This also helps you stay focused on what really matters. Your proposal is something that you’re passionate about. It represents the start of a new life for you. It represents the things that matter to you. It’s important and essential. Why not make sure that you can focus on something more than what exists right now?

Being a good social lending community member means reaching out to other people. Even if you don’t have any money to spare, it never costs anything to spread good cheer. There’s a lot of people that are really going through some rough times. Earn good karma by looking over their listings, connecting them to people in your circle, and otherwise just being there for them. You might not get immediate attention for these things but trust us — it definitely shows over time who is committed to the true meaning of social lending and who isn’t.

You might be surprised at what happens when you become a lender yourself. There might be people that promote and trust you because you’ve been so helpful in the past. So when you see those highly ranked and trusted and recommended members in the list…this is what they’ve done to get there.

Social Lending to Kickstart Your Next Business – Why Not

Social Lending

Over 250 million British Pounds have been exchanged in peer to peer lending across the UK — fine proof that social lending is not only here to stay, it has plenty of room to grow. You can use social lending for just about any purpose you can think of, but many UK entrepreneurs are realizing that it’s the perfect way to kickstart your first, or even your next business. However, many more are a little afraid to trust something so important as their business funding to the online crowd. Are their fears warranted, or should they let go and embrace something new? It’s all about looking at your options and going with what makes the most sense.


First and foremost, you are going to want to spend a lot of time refining your proposal. The proposal is the core of your social lending push. You literally cannot get funded without one, and you might as well make it good. Think of it as your top plea to the lenders on the site. You are trying to convince them that you have a worthy cause that deserves to be supported. If you only stick to the facts, people might not get why you really want the money. Make sure that you make it clear that what you want to do matters to you. Sure, everyone wants to run a business in their own way — but what makes you stand out?

If you can get someone else to look at your plans, they will be able to help you round out your proposal. You will also need to set a rate of interest based on your credit. If the interest rate is too low, your proposal will not be funded. It’s all about risk — if you have very bad credit, you will have to entice lenders to take a chance on you simply through having a higher interest rate. On the other hand, you might want to go with working on your credit a little more. The monthly payments might be more than what you can handle. Always use a loan calculator before you get too deep into the social lending process. Be sure to look at the fees the site is going to charge you — these can be a lot more than what you bargained for, so don’t hesitate to explore all of your options.

Is this going to replace a bank? Not always. Shop around and look at both social lending and traditional banks. However, if you have poor credit and you really want that extra boost outside capital would bring to your business, then social lending is definitely something to consider. Check it out today!

Social Lending Is a Great Way to Restore Your Faith in Society

Social Lending

When you’ve been rejected for every idea that you’ve ever had, you can really start feeling like no one is ever going to really take you seriously. Your dreams are never going to get off the ground, and you’re never going to honestly get anywhere in life, at least not with anything that involves money. Your better bet instead of getting frustrated would be to honestly think about the world of social lending.

As the name implies, this is a world filled with regular people helping other regular people. They’re going to be listening to what you want, what you don’t want, and helping you get to your destination. The more time that you spend in crafting the right proposal, the easier time you will have actually getting the money that you need.

People in the world of social lending do indeed care about you, and they want to see your dreams come to life. Even if that’s a home renovation! If you want to go back to school to learn something new and get into a good job, there are social lending loans for that as well.

Just because you’re not going through traditional means doesn’t mean that you can get sloppy in terms of what you actually request. If you truly feel that you can’t write your proposal on your own, there are plenty of resources for you to learn.

The key here is that you need to be original. You need to speak form the heart, and you need to make sure that you get into the details. Social lending is about stories, and everyone is going to want to know why you are requesting the money in the first place. Don’t try to hide the personal — that’s at the heart of everything social lending is about!

The whole goal of social lending isn’t just to give you funding — it’s to give you connections to who is giving you money. You realize that your money has a greater story than just you — it was given to you in trust.

Everyone’s interest rate is going to be different — they do vary, but your credit rating still comes into play. Speaking of your credit, make sure that you don’t try to downplay your credit problems. If there are issues, you want to be perfectly honest. Did something happen to make your credit spiral out of control? Were you sick? Did you get laid off from work? Was there a boyfriend or girlfriend that left you with a lot of bills? You are going to need to make sure that you explain all of these things in order to really be able to take advantage of social lending.

When you have been rejected over and over, it’s easy to lose faith in society. After all, aren’t they all against you? Don’t they think that you’re never going to get anywhere? Turn to social lending, and you’ll realize that this just isn’t the truth at all. The powerful truth that you need to hear now is that you really do have the ability to get past these financial issues — are you ready?

Can Social Lending and Traditional Lending Really Co-Exist

Social Lending

We’re not trying to start a war on social lending, or to say that it’s the only option. We think that social lending is clearly a good thing, but there are still big differences between this world and the traditional world of finance that need to be addressed.

If you’re just used to sticking to the facts in the world of traditional lending, it’s going to be a shock to have to open up. In order to get money from a social lending site, you’re going to have to write a proposal.

A proposal just talks about what you’re going to use the money for, and what type of expenses that you have. Breaking down how much money is coming in and out of your budget every month is very important. Your social lenders want to make sure that you are going to be able to comfortably pay for the expenses as well as the new loan payments.


The interest rate is something that’s bid up or down depending on your credit history.  You may be able to get a better interest rate with social lending, but that’s not really the point of the exercise here.

Social lending is made up of people investing in other people. That’s powerful — what better way to say that you truly care about a person’s well being than to actually invest in them?

You will need to make sure that you are truly being as honest as possible. It’s tempting to try to make your story sound better than what it is, but social lenders tend to be research fans. The truth will eventually come out, and you don’t want to ruin your reputation. Once you take care of the first loan, you will have feedback. Paying it off on time means that you qualify stronger for the next loan, and the next loan, and the next loan.

This is another thing that sets traditional lending apart from social lending. In the world of traditional lending, you don’t really get too much credit for making the right choices from the start. On the other hand with social lending, once you pay off the first loan, you’re going to be seen in a much different light than the newbies that join. You will have proven that you are a financially sound person to invest in. Lenders tend to also do social lending for the investment — there is interest paid out on the money. So if you prove to be a sound financial bet, people are going to invest in you over and over again — even when they might not be fully committed into what you’re doing.

Don’t be afraid to look into social lending. It might be a newer type of funding, but it’s one that’s definitely here to stay!

A Look at The Common Proposals On Social Lending Sites

Social Lending

One of the most common questions that we get when it comes to newcomers asking about social lending is simple: what can you honestly ask for funding to do? The answer is simple: anything that you can possibly think of that other people are willing to invest in.

There are some common examples of great proposals that usually end with funding. Below is a few of these examples for you.

1. Debt Consolidation

Debt consolidation is probably one of our favorites. When you have a lot of debts, chances are also good that you have a lot of interest. When you have that type of interest, you’re not going to be paying down a lot of the principal. It’s all going to be mostly interest, which is profit for the lender and not you. You want to flip the equation so that when you do make monthly payments it actually goes to the right place. Do you really want to find that you just can’t seem to get ahead? Not at all. It would be a lot smarter to make sure that you are looking into every option to reduce your debts.

Social lending loans for debt consolidation come up a lot. It’s very hard to make sure that traditional lenders see the purpose of what you’re doing, and it’s easy to get rejected — especially if you have bad credit. Many social lenders have been in your shoes, so they’re not very likely to reject you just because you have had bad credit in the past. That would be a little ridiculous.

Instead, they’re going to look at your entire application and see if you’re going to be the type of person that will truly repay the loan in full. That’s what matters — your dream plus your willingness to get things moving along.

It can feel next to impossible to get everything sorted out, but it’s always worth looking into!

2. Home Renovation

If you’ve always wanted to repair your home but you never really had the money in your savings, why not look into a home renovation loan? These can be both secured and unsecured. Unsecured loans are a bit tougher because you really have to stress that you’re ready to take on that type of burden. However, what about when you go with secured loan? Even though these loans are much more serious, they really do make all of the difference when it comes time to actually meet your goals. The more work that you put into getting them, the easier life will be once you have the funds.

Make sure for this type of proposal you really tell the story of what you’re willing to do in the home. Otherwise it just looks like you’re trying to get a bunch of money to just blow on anything that catches your fancy. Not the impression that you really want to give, especially when it’s your first proposal.

We’re not saying that you can’t have fun with the money that you receive once you have everything finished elsewhere — but in the beginning, you want to make sure that every last bit of the money you request to be funded go to your original purpose.

3. Going Back to School

Going back to school is a classic social lending request. Everyone wants to go back to school and get a better paying job. It’s going to be up to you to really make sure that you’re able to have a good start to your education. This means that you must have the funds up front. Getting the money up front gives you more flexibility over your education anyway. You can pick and choose the classes that you want and avoid the ones that you really don’t — as long as you still get your required courses in, naturally!

4. Certifications / Job Training (non-college)

Even if college isn’t your thing, there might be a certification track that you’re interested in. For example, if you’ve always wanted to be a personal trainer, you’re going to need to get certified. That’s going to give you the power to pull in not only more clients, but clients that are willing to pay a lot more money. If you don’t take the steps to secure your career, you’re essentially limiting how much money you can honestly make.

5. Vacations

Vacations might sound a little funny to ask for funding for. But what if you have the idea for your dream vacation? This is something where social lending tends to kick in better than traditional lending. Instead of hoping that some bank sees that you are a good customer and gives you a good deal, you will want to widen your net so to speak and really look through all of your options.

We know how hard it can be to work with traditional sources of financing, so why not take your dream to the world of social lending? You will be able to really get people into it by posting pictures, and really explaining why you want to go to this destination.

The more effort you put into selling your dream to others, the more likely it is that you’re going to get financed. All you can do is make sure that you push forward and try your best. What else could you possibly do that can be better than that? Good luck with your search!

In the World of Social Lending, a Good Headline is Worth Its Weight in Gold!

Social Lending

Social lending is all about regular people helping each other and growing better because of the exchange. No matter what you want a loan to be funded for, you’re going to nee dot learn how to work with people. This is something that even the most top notch social lending guides don’t always give credit to. They cover it a little bit, but it’s really much more important than that. Think about it form the right perspective — you are going to be trying to get your message out in a world where everyone else is trying to do the very same thing. There are only so many lenders that are going to be looking at proposals at once. So if you don’t get people to check out your listings, you’re not going to get to move your own agenda forward.

A good headline is truly worth its weight in gold, but a lot of people don’t focus on it. They get too general — how many times are you going to just say “pay off debts”? Everyone says that, but your going to have to jazz it up a little bit. “Help a Former Caretaker Start a New Life and Consolidate Bills” tends to be not only more specific, but it gives you a way to appear more human to your peers.


The social part of social lending is very important. It’s not just big banks that you’re dealing with — you’re dealing with someone that is trying to invest in you. Add to your story, include pictures, talk about why you feel that you deserve the money, what you’re going to do with it, and your repayment plan to handle the money. Lenders want to get a return on their investment and make sure that their money is going to someone that’s actually going to use it. Don’t feel bad that you are on a social lending site — embrace it! Own it! Don’t worry that your credit rating isn’t as high as someone else’s — there are ways to deal with that and to overcome it. It’s all about telling the story first. And if you can tell the story in a way that humanizes you, well, you’re already going to be ahead of the curve.

Yes, there are times where a “just the facts approach will win the day in social lending. But that’s usually on small sites where your listing stays visible for a much longer time. If you’re just going to push into the largest social lending portals, you’re going to find that it’s more competitive. Standing out is the name of the game, and a strong headline in the world of social lending is truly worth its weight in gold! Good luck out there!

Travel Season Is Here – Can You Really Use Social Lending To Get the Funds You Need

Travel Season Is Here – Can You Really Use Social Lending To Get the Funds You Need

Social Lending

Are you dreaming about finally getting able to take a good vacation? You’re actually not alone at all. Many people dream about finally getting away from home, but they find that they really don’t have the type of money that it takes to really have the vacation that they want. Instead of sitting at home and watching reruns over and over again, you can turn to social lending.

Social lending isn’t just for businesses, or people trying to get out of debt. These are good goals to have when it comes to social lending, and it’s true that these proposals tend to get noticed first. After all, it’s the desire to help people that seem to really need help the most. Modern lending circles tend to be pretty tight, as far as the banks are concerned. The banks want to have a lot of tight restrictions on how should get funding and who shouldn’t.

When you really step back and think about it, social lending is more about the revolution than anything else. You have to make sure that you’re focusing on the bigger picture than just assuming that you can’t get what you’re looking for.

Really, it’s all about the type of proposal that you write. You can write a barebones description of how you want to go on vacation. That might get a few people to get interested in helping you, but you will probably not move many people into helping you.

The better approach here is to make sure that you actually explain your story. you always want to try to paint of picture of what you’re really after.

You might be a single mom with three kids that has always wanted to take her children around to a different country. or you might be a student with your first “good job” that just wants to be adventurous before life gets too hectic. Life definitely changes when you have a family, and you’ll find plenty of people that can understand where you’re coming from on that.

So don’t just leave it to a factual accounting of what you’re looking to do. Get creative and tell a story Make sure that you’re completely honest about what you want. If you can get people on the site to endorse you, then it’s even better. You don’t have to sit back and just think that your dreams have to die on the vine. With a little planning and a little luck, you’ll have no problem getting what you want in good time — check it out today for yourself!

The Holiday Season is a Really Good Time to Get Interested in Social Lending – Really!

The Holiday Season is a Really Good Time to Get Interested in Social Lending – Really!

Social Lending

Thinking that you can’t get anything done now that the holiday season is upon us? You’re actually in for a surprise — that’s because there are actually a lot of proposals that get funded in the social lending sphere. We know that you’ve got an idea for something that fulfills a part of your life you never thought about being fulfilled. It’s easy to get discouraged. It’s easy to give up hope. It’s easy to start believing that you’re never going to be able to accomplish anything. It’s easy to assume that social lending is an industry that grinds to a halt during the holidays. However, that really hasn’t been our observation at all. It’s been more or less the observation that when the holiday season comes come, you’re going to find that people become generous. They want to help you reach your dreams. They want you to achieve your passions. They want you to have everything and anything that you want. But you need to make sure that you follow a few steps, first.

First and foremost, you want to make absolutely sure that you focus on your story. It’s tempting to think that you should clam up and not mention certain pieces of your story. If you always wanted to go back and become a teacher because you really do love working with kids, you might assume that’s too sappy to actually put in a proposal. However, that’s really not the case at all. You can get just about anything you want as long as you’re willing to help someone else get what they want. The last thing that you want to do is try to hold back the raw passion and joy that is hiding underneath your proposal.

This is social lending, no matter what anyone says. That means that if you really want to get through to someone, you’re going to have to make that social connection. Maybe that’s aligning yourself with a group within the social lending community that’s focused on helping people go back to school. That’s a group that’s really going to focus on the details of your proposal and want you to reach your goals.

Social lending is all about thinking about where your pros pal really fits, and then joining that segment of the community. That’s the group that’s really going to fight for you. That’s the group that’s really going to care about what type of experience you really receive. It’s a good idea to really stop and think about what you’re presenting to the community at large. Do you have a solid plan? Are you really going to do what you say you will with the money? Can you explain why your credit history might not be the best? The more information that you can give your audience about what’s going on in your life, the better chances you will have on getting your proposal fully funded.

What do you mean by fully funded? Well, if you’re just tuning in, we’re talking about the fact that you can indeed end up only getting your proposal for a loan partially funded. This means that some people have pledged money, gut you don’t have enough to fully achieve the goal that you have in mind. This is something that can be stressful, and a lot of people give up on social lending because of this. However, now is not the time to back down — your dreams are on the line, remember? This is where you look at your proposal and even have a few more people look at it. It could be that you didn’t really answer any questions thoroughly — work on that. Also, take feedback well — it’s better to revise things when you can than post something and find that you’re not able to get your proposal funded because you rushed.

Deep down, the world of social lending is truly a round the year type of world — and you deserve to be part of it. Make sure that you get started today — you deserve everything good in the world that’s going to make YOUR world a better place!

Social Lending – Dodge the Banks, Reap the Savings

Social Lending

You don’t have to be a super news hound to realize that the market for lending money is changing fast, and that’s partially due to the overall recession happening around the world. Even if you try to avoid the news, you can’t really avoid the number of people talking about the problems that they’re having getting money form the banks. There’s a lot of discussion around getting money from the banks, as if the banks are the only ones holding the key to the money that you need.

Whatever you want to do in life these days is going to cost money, and usually a lot of money. That means that you can’t just think about what you need to do in the short term — you need to make sure that the money you borrow has long term power as well. It’s better to make sure that you will be able to get funding period before you just call your dreams off before they’ve even had time to bloom.

Thankfully, there is more to funding than just the banks. Private lending has always had a soft place in our hearts because it allows regular people to get money, but there are some problems with private lending. You see, private lending is still rather underground, and the public faces of it are controlled by big companies that can be just as aggressive and protective as the banks. You will need to have a lot of documentation and paperwork to even get into these private lending circles — even then, your chances of getting truly funded can be difficult.

That’s where social lending has taken over the private lending niche completely. Instead of worrying that you won’t be able to get the money that you deserve, you can join a social lending network and plead your case. Since you’re a regular person talking to other regular people, you have a lot higher chance of getting your proposal truly funded.

Another point that definitely makes social lending interesting is that you can get funding for a lot of projects that private lenders would normally scoff at. What if you really just wanted to pay all of your debts at one time and then pay back the loan over time? You will usually have a much lower interest rate if you go this way, which makes sense. The best thing that you can do is just try to be as detailed as possible with any proposal that you bring to the social network. Not only will this allow people to see what you’re going through, it will give the lenders on the site the right amount of justification to go ahead and fulfill your proposal.

The time is right, so don’t get delayed — get started with social lending today!