Budibank™Bank with a Conscience™see also: social lending sites | social lending services article | Which Bank Can You Trust? | What is Social Lending? What Is Social Lending?Social lending online is a fairly new way for people to go about safely loaning and borrowing money online for often better interest rates than they would be able to get by otherwise using ordinary high street banks and savings accounts. The reason for the best interest rates is simple enough - namely that a banking website doesnt have any of the massive overheads of most high street banks and well, frankly - most online lending social networking sites were set up as a kind of backlash against 'greedy' banks in an attempt to give the people back some comtrol over their own lives and money. It remains to be seen if social banking and lending just becomes another means for the same city bankers to squeeze their customers dry by simply buying up these Internet sites that started with noble intentions - just as the ealiest banks did themselves. The online social banking service Im really interested in will be GoogleBank - surely this will be a friendly, safe and non-greedy enterprise and is just around the corner?! Try 101Network for 101 social networks that support people in need, good causes and other people groups. Budibank.com - 'Bank with a Conscience', 'Banking with a Conscience' and 'The Bank with a Conscience' are trademarks of Budicorp © 2007. |