Question: “I need a loan – can you get me funded?”
Answer: That depends on you. We don't believe in get rich programs - only in hard work, adding value and serving others. Our programs are intended to give you the content and guidance to make your own financial designs and direct you to a path of financial independence. As stipulated by law, we cannot and do not make any guarantees about your ability to get results or earn any money with our ideas.
Question: “I found an investor, what do I do now?”
Answer: Excellent! Follow the steps in found in our Step-by-Step study guide under “conditions & promissory note.” From there follow the steps under “Manage the loan.” You will find useful information on how to do it right the first time. We can also help you develop a plan with our Peer lending consultant for a fee.
Question: “I need a loan now - can you make this happen?”
Answer: Probably not. Peer lending is not a payday loan or an instant approval from a credit company. It will take effort on your part to understand your finances (credit, FICO & DTI) and develop a plan that attracts investors. Then once that is completed it will take additional time finding qualified investors that meet your goals.
There are some loan options that can be accessed relatively quickly, but they often require you to have good credit, make enough money, and have collateral to use as security.
It is also possible that you may have to eliminate much of your debt and concentrate more on your income before you can get a loan. No matter what your situation, it’s important that you set reasonable expectations based on what you can afford. The more reasonable your expectations, the more likely it is that you will get your loan.
What you will hear from us consistently is that this process is time-consuming and challenging. But we help make it easier.
Question: “Can Peer Lending Pro give me a loan directly?”
Answer: No. We provide the tools you need to help improve your chances of getting a loan and attracting the right investor. We also help investors find qualified borrowers and analyze deals.
Question: “What do you charge?”
Answer: We offer online paid membership services where we send members helpful tips and techniques to find qualified investors & borrowers, and we also send borrowers a list of investors looking for qualified borrowers each month. We charge a small monthly fee (starting at $59) for those that want access to this service.
We also provide a step-by-step study course (Starting at $197). We can also assist you with writing a loan proposal or finding qualified lenders and borrowers. These services are typically flat fees starting at around $300.
Question: “I'm an investor, how do I use Peer Lending Pro?”
Answer: We have many services we offer investors, from analyzing deals and developing risk tolerance strategies to finding qualified borrowers. If you are an investor we ask you to call us directly and let us know how we can help. To ensure quality and for the safety of our Members we do require at least one phone interview with any new investors before we approve them to be active on our Network.
Question: “Is membership free for investors?”
Answer: Many borrowers use our monthly membership programs to maximize their chances of finding qualified borrowers. We send members the latest information on peer lending and an updated list of qualified borrower that meet your investment goals. Members use this list to contact borrowers direct. We currently do not charge a monthly fee to lenders. FREE
Question: “Can I contact borrowers directly?”
Answer: Yes you can, through our system, after you have registered as an investor.