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  1. #1
    Registered User Junior Member

    More Personal Loan Lenders

    Both Goldman Sachs and American Express want to get into the personal loan space. They say it is to help you pay off loans. I think they just want a piece of the action that seems dominated by Chase credit cards right now. (Remember, a lot of Amex cards must be paid in full each month.)

    Regardless, my guess is that this will not end well. Just look at Lending Club and others in this space struggling with underwriting, restrictive lending rules, and high default rates.

  2. More Personal Loan Lenders
  3. #2
    Registered User Senior Member
    Buyer beware.

    Lower rates should be a salve to help people pay off their debts. Not an excuse to lever up. And yet we do just the opposite. Refinance to a lower rate and then add more debt so absolute payment amts remain the same is a dangerous game. Especially in a world of rising rates.

  4. #3
    Registered User Enthusiast
    Auto debt up, student loan debt up, credit card debt up again. And with default rates rising.

    Seems like the perfect time to get into unsecured consumer loans.

  5. #4
    Registered User Enthusiast
    Consider the bad news surrounding Lending Club and Prosper, why is anyone getting into this space?

  6. #5
    Registered User Semi Pro Member
    I went to the bank today ... actually had to go in the branch. And they wanted to sell me on a car loan or a personal loan or even a HElOC. Wasn't even a Wells Fargo.

    Damn credit pushers.

  7. #6
    Registered User New Member
    Are you in need of $5000 immediately? Have a bad credit score? No worries! You are at the right place. At, we will connect you with the reliable lenders who will provide [Bad Credit Personal Loans Guaranteed Approval $5000. facility.Our lenders understand that you might be looking for a quick personal loan only because you are in dire need of money. We also understand that you might have a bad credit score due to some unavoidable reasons in the past. Having these negative criteria does not mean that you might not be eligible for a quick personal loan in the future.So, we make sure that all your financial needs are met to as quickly as possible.

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