Discover a fresh approach to academic funding at People Capital. At People Capital, they are committed to helping credible lenders and borrowers find one another without involving a traditional financial institution. This peer-to-peer lending approach is revolutionizing student lending with a new credit risk methodology, where lenders who offer the lowest interest rate “win” borrower loans.

People Capital: Who They Are?

Founded by a team of world-class talent (with backgrounds in student lending, consumer finance, credit scores and new media, People Capital has developed the next generation of credit risk management and funding for student financing.

What They Do?

People Capital provides a peer-to-peer (p2p) lending platform on which students are matched with college funding sources — be they individual investors, philanthropic/affinity groups or financial institutions.

Their Approach

Their patent pending Human Capital Score™ underwrites students without credit history, FICO® scores or co-signers by instead projecting individual income levels and ability to pay indebtedness. They incorporate GPAs, standardized test scores, college and major to provide a true and unbiased, data-driven measure of the economic value of an education.

How It Works?

• Peer-to-peer lending promotes social goals, removes overhead and reduces the complexity of traditional bank lending models.
• Peer-to-peer lending may also provide both better returns and interest rates. Participants directly control their own funds, unlike traditional models that pool funds and remove individuals from decision-making.

Qualify For a Loan Based on Your Potential: Who Can Borrow

To borrow money through People Capital you must:

• Be enrolled at least half time and pursuing a degree at a Title IV-eligible US educational institution.
• Be both a citizen and a resident of the United States.
• Have a valid Social Security number.
• Be at least eighteen and the age of majority in your state of residence (which must be a state in which People Capital is currently lending).

Borrow Money for School: Borrower Benefits

People Capital strongly recommends that students apply for federal loans and all other sources of financial aid – including grants, scholarships and work study, before applying for private student loans. People Capital lending platform delivers a full range of flexible, private student loans including, short- and long-term loans, balloon payment and straight amortizations. People Capital’s superior methodology for assessing credit risk (via their patent-pending Human Capital Score™) facilitates affordable funding – even if you have no credit history.

The Peer Advantage for Borrowers

• Superior methodology for assessing credit risk to facilitate funding — even with no credit history.
• Better rates compared to credit cards with low limits, near-term pay-back requirements, etc.
• Non-conventional loan sources packaged into tax-efficient options.

Why They’re Different

• Their Human Capital Score™ measures income potential, unlike traditional measures.
• They maximize confidence in borrower authenticity, verifying student enrollment status and earmarking disbursements for schools.
• At People Capital, they provide institutional-quality credit risk and analytical tools for all lenders, plus the data and analytics necessary to make smart lending decisions.
• Institutional lenders are given a new opportunity to create a unique portfolio of individually selected student loans – with all the underlying data.

While credit has dried up in most of the shrinking economy, People Capital’s fresh approach has been a huge step in the right direction – visit them at http://www.people2capital.com.

Source: People Capital