Borrowing money from your friends and family can be a tricky business. The risk of ruining your relationship with the people who loan you money is probably one of the biggest concerns. Even if you have one of the best small business ideas on the planet, you need to think about how you ask folks … Read moreHow to Ask Your Friends and Family for a Business Loan
During college, I stayed close to campus every summer in order to work. Plus, I liked living on my own. The second summer I stayed, I got a job as a waitress and rented a room in a house to get me by until the new school year, when I would have a free room … Read moreMy Experience on How Payday Loans Work
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 … Read moreWhat is Your Lending Club Performance?
A while back, I provided a brief introduction to peer to peer lending. I also mentioned that there are risks involved. In general, social lending has different set of risks from that of high yield savings, certificates of deposit, or the stock market. In the simplest sense, the risks involved when investing in person to … Read moreUnderstanding Peer-to-Peer Lending Risks
You need some cash, you have a credit card, and the logical solution seems to be to get a cash advance using your credit card. You can pay it back later, right? The truth is that cash advances are not a good idea in most instances. Yes, there are times when it seems like a … Read more5 Reasons Why Cash Advances are a Bad Idea