If you are researching social lending as a possible investment or for the possibility of getting an unsecured loan from a peer-to-peer lending company such as Lending Club or Prosper Marketplace, it’s important to have good information about what you are getting yourself into.

Lending Socially.com is our attempt to provide up-to-date and accurate reporting on the fledgling social lending industry, but there are several other sources that provide great information and insight about the world of peer-to-peer lending. There are a number of online communities that have formed around the topic of social lending that are worth checking out if you are considering loaning money to borrowers by means of a peer-to-peer lending website or if you plan on getting a loan from Lending Club or Prosper marketplace.

Read the rest of this article on our sister site, Lending Socially.com

Canadian Peer-to-Peer Lending Company CommunityLend Now Available in Quebec

CommunityLend, a Canadian peer-to-peer lending company, announced on January 29^th that their service is now available to both borrowers and lenders in the province of Quebec.

In a short blog-post on their site titled “Welcome Quebec,” the company said “Starting today, Lenders and Borrowers from Quebec can now participate in the CommunityLend online lending system.”

Before last week’s announcement, the company was only operating in the province of Ontario. Since each province has unique lending regulations, the company must ensure that it is in compliance with all local lending laws before opening up to lenders and borrowers in that province. This is very similar to how Lending Club and Prosper Marketplace only operate in specific states because of lending legislation which varies on a state-by-state basis.

Read the rest of the story on our sister site, Lending Socially.com