I used to watch Judge Judy and this was one of her biggest pet peeves (people not knowing the difference between borrow, lend, loan). English is my second language and I have issues with stuff from time to time, but this is one thing that always baffles me. I don't understand why people get the terms confused.If you are looking to loan money, I'd say you are the private lender already. Or are you looking for someone who can help you find a borrower, someone to act as a broker for you? $15k is a rather small sum to make it worthwhile to engage a broker.
Or are you looking to borrow $15k?
You posted again while I was typing. I never heard of Borrowell (or many others, I am sure). An unsecured line at 5.6% sounds okay. As for 29.9%, well....I am looking into Borrowell right now... for now it says..
5.6 - 29.9% APR
1k - 35k Loan amount
3 -5 years TERM
It also says...
There are no prepayment penalties for making extra payments or paying your loan off early.
ING Direct doesn't offer it as they were sold by the ING Group (Netherlands) to Bank of Nova Scotia (BNS). The switch to Tangerine was to reflect the change in ownership. For whatever reason, the closest BNS has decided Tangerine will offer is a HeLoc.I think mortgage u/w gave good advice. Try some of the conventional lenders.
In 1998 I had the need of some quick cash, not a large amount, and I did not want to go to the trouble (and expense) of putting up security and having security documents drawn and registered. I phoned what used to be called ING Direct (they have since morphed into a citrus fruit) ... Unless things have changed again, ING no longer makes loans of that type ...
I suspect that if you call some banks (and maybe some outfits like PC Financial), you might find something that works for you ...
How do you know this is "the best" if you haven't shopped around?If that's the best they can give me, I think I can live with that too. hehe