SAN FRANCISCO (Reuters) – Prosper, a leader in the fast-growing “peer-to-peer” lending sector, said on Tuesday it raised $20 million from venture capital firms led by Sequoia Capital, stepping up competition with rival Lending Club. Peer-to-peer lending takes the banks out of the picture providing a niche for people with less than perfect credit or […]

(Reuters) – Irresponsible lending and intimidating debt collectors are pushing thousands of people in Britain into depression and suicide.  A report by England’s University of Brighton stated that “Debt clients frequently feel humiliated, disconnected and entrapped, with the process of debt collection having a clear impact on people’s mental health.”  This is terrible news.  I […]

In a CNN Money report, Inmates in U.S. prisons are using a tax scam to rob millions from the IRS.  It’s not only inmates in prison; it’s the “regular” criminals that are helping themselves to other people’s money. Imagine you filed your tax return and are eagerly waiting for your return.  You do this every […]