Author name: teamgms

Obtaining financing for a car purchase when one has no overt proof of income might seem like an impossible task. The conventional wisdom suggests income verification is essential when soliciting funds. However, a surprising number of lending entities allow borrowers to secure financing sans concrete proof of income. How does this paradox prevail? Despite traditional […]

When it comes to getting a loan, have you ever considered the intriguing similarities between direct lending and dealer financing? While seemingly different at the surface, the core principles that drive these two methods of finance, incredibly, boil down to the same thing. They provide borrowers with necessary finances to procure goods or services, specifically

Walking into a car dealership, you’re confronted with a critical decision: is it better to finance the purchase through the dealer, or secure a loan directly from a financial institution? This pivotal choice often leaves customers scratching their heads, besieged by a paradox of options. On one hand, direct lending offers more control over the

Engaging the intersection of technology and finance, peer-to-peer lending has been revolutionized by Lending Club, one of the largest powerhouse platforms in the business. But what type of account is it exactly-insurance, consumer finance, or a blend of both? Lending Club, established in 2007, operates as an online marketplace connecting borrowers and investors, thus amply

In the world of finance, lending money is commonly classified as a financing activity. The deliberation centered on the influence and role of money lending in the financial sector is particularly intriguing, considering that various forms of lending have been in existence since ancient times. This practice can be traced back to the Babylonians who