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LendaBit.com System Update to Version 1.14

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…

LendaBit.com Has Been Updated to Version 1.13

LendaBit.com is pleased to report that its dedicated team of IT professionals and website developers have successfully completed all scheduled system updates and the platform’s current version is 1.13. HOORAY! More specifically, platform users can now take advantage of the following system extensions: 1. Meet…

Importance of Secured Loan Collateral

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…

Loan-To-Value Ratio And How It Is Calculated

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…

LendaBit.com Has Been Updated To Version 1.12

Greetings to the constantly growing LendaBit community! Online P2P lending platform LendaBit is pleased to report on the latest updates and 1.12 release! These are the main and most important maintenance updates: 1) To make lending/borrowing more understandable and easy-to-use to all platform members, the…