We do not have a loan department or direct connections to any banks but our CPA webmaster recommends that you consider the peer to peer lending resources as an alternative to banks.   He has been investing in these loans to get a higher interest rate on his investments and is recommending them to his clients and friends.   Ron is currently earning over 10% on the money that he has invested and has moved money from CDs into this account.

It is a shame that the government is loaning the credit card banks money at zero percent and they are charging 20 - 30% for unsecured loans.  Investing with Lending club gives you the ability to offer lower rates to people that are trying to pay off credit cards and purchase cars and to also get great rates.  Email him at ron@chatstractors if you have questions.

Lending Club is the closest thing that we have found to a good old fashion barn raising.  If you sign up for a loan to buy a tractor, let him know, he is always looking for good people to invest in.

Ron now has over $ 5,000 invested in Lending Club loans and so far no late or missed payments.  My interest rate received has dropped into the 11% range because I am  participating in safer loans.  I generally invest only $25 to $50 in each loan.   It has been a couple of months now and I am participating in over 150 different loans.  I was just able to help with someone who used them to purchase a tractor.

 Here is the link to Lending Club to open an account

© 2001 Drummond Tax