LendaBit.com is happy to announce new updates and improvements in the system. In particular, below you will find a description of all current changes: Modified and improved user interface. Integration of LoanBuilder (the central loan management panel) makes online lending and borrowing more intuitive, easy-to-navigate…

P2P lending platform LendaBit.com never stops at the achieved results and is pleased to present a new option on the website for those customers who have not passed the verification process yet. From now on, all unverified users have an excellent possibility to test the…

To start with, let us explain in layman’s terms what “collateral” is. Fundamentally, collateral is an asset(s) or valued item(s) that a borrower pledges as security for loan repayment to a lender. Here, collateral serves as a lender’s protection against a borrower’s unexpected default. The biggest advantage of…

In an effort to improve the financial position and social status, people oftentimes use the services of traditional financial institutions, particularly lending, to buy a car, house, expensive jewelry or to pay for funeral services etc. Accordingly, the banks determine your creditworthiness by using credit scoring to lower…

To prove the importance of loan collaterization, let us consider the following illustrative situation. You own a certain amount of bitcoins (5 BTC) which presently equals $20 000 and it would be short-sighted to sell your crypto assets since cryptocurrencies will eventually replace traditional money and their value…