PEER LENDING

Peer-to-peer lending is a means by which borrowers and lenders may transact business without the traditional intermediaries, such as banks. It is a concept that allows people looking for a loan to connect with real people willing to loan. Peer to peer loans are commonly used to pay down or pay off high interest credit card debt, debt consolidation loans, and medical bills.

Coastal is dedicated to educating consumers about the peer to peer lending process, directing consumers to the industry’s most reputable peer to peer lending sites. Coastal can do the legwork for you and assist you in determining if a Peer to peer loan is the right option for you. Our Certified Credit Advisor will provide a FREE customized financial analysis to help you make the decision. Call our Credit Advisors right now at 866-205-8370 or fill out the short form and we will get you started on the path to financial freedom. If a Peer to peer loan is the MOST appropriate option and you choose to enroll directly, we suggest you…

1. Check out the company with the Better Business Bureau. Make sure that the company has resolved any complaints that have been filed.
2. Make sure the interest rate on the loan is lower than your debt interest rates (if taking loan to pay-off debt)
3. Make sure you understand the fee structure.
4. Make sure there are no pre-payment penalties.
5. Make sure your rate is fixed.
6. Make sure that your information is kept safe and confidential.

PEER LENDING