peer-to-peer lending

The following is a list of top online banks that offers high yield savings account, high interest savings account, or high yield money market account. All of these accounts are FDIC insured up to $250,000. Your principal is protected and you’re guarantee a positive nominal return on investment. For March 2010, the average interest rate [...]

The following is a list of the nationally available highest yields 12-month CD rates. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open [...]

It has been a while since I write about Lending Club. I haven’t written about peer-to-peer lending, because there hasn’t been much to write about except for the chance to win $2,500 from Lending Club. Otherwise, I am still an investor on both Prosper and Lending Club, and I continue to buy more notes when [...]

I was checking out Discover Bank Online Savings which is currently paying 2.0% APY — highest interest rate in my bank rates table. I noticed that Discover Bank also has a Money Market option, which currently pays 1.55% APY. I’ve never paid attention to the difference, but this time I got curious — what’s the [...]

Lending Club is a social lending network where investors can earn competitive returns by funding loans requested by borrowing members. Currently, investors are enjoying average Net Annual Returns of 9.6%, and experiencing less than 3.1% charge-off and default rate.

For the month of September, Lending Club is hosting a special giveaway to celebrate the approaching milestone [...]

The key to getting out of debt for good is to have a positive cash flow and stop digging yourself deeper into debt. If you follow my previous step to earn more and spend less, you should have, or are on your way toward a positive cash flow at this point. The third step in [...]

Being in debt is not fun. Unfortunately, many people do find themselves in debt and carry balances on multiple credit cards. This article will show you how to eliminate credit card debt on your own without using credit card debt consolidation services. Personally, I think these credit card debt consolidation companies could be helpful to [...]

In this Ask the M-Network article, David admitted that he’s in a lot of debt and asked if he should take up his dad’s offer to get him out of debt. Should he count on dad to bail him out, or should he get out of this financial mess on his own? Here’s the question [...]

Dave Ramsey’s Baby Steps is a financial plan designed to help you get your finances in order, get out of debt, and achieve financial freedom. Dave Ramsey has taught these Baby Steps to millions via radio, The Total Money Makeover, Financial Peace University, and on DaveRamsey.com. In this article, I’d like to walk you through [...]

In this Ask the M-Network article, Rebekah shared that she and her husband are thinking about buying a house.  However, they are also $36,000 in credit card debt and can only make minimum payments. Is now the time to buy a house? More importantly, should they buy a house? Here’s the question from Rebekah:
My husband [...]