In the U.S., peer‑to‑peer lending is a relatively new form of social lending that removes banks as the middlemen in a loan transaction.
With a peer-to-peer loan, an individual – sometimes called the lender or the investor – provides funds to a borrower and does so through the help of an intermediary company Two of the most popular peer-to-peer lending companies in America are LendingClub.com and Prosper.com. They screen borrowers and facilitate the loan process for individuals who want loan money to other individuals or their “peers.”
Key Takeaways There are several online sources available to borrow money, including online lenders, peer-to-peer lending platforms, and personal loan marketplaces. It is important to research and compare interest rates, fees, and repayment terms before borrowing from any online source. ...
Getting a loan or obtaining new credit when you’re already in debt isn’t easy – especially if your credit rating has suffered for any reason in the recent past. But it is possible to obtain credit – either a personal ...
If you’re thinking about getting a peer‑to‑peer loan, it’s probably a good idea for those of you who have high interest rate credit card debt. But peer‑to‑peer loans offer far more benefits than just that. For entrepreneurs who need financing, ...
With millions of Americans owing so much money on their credit card balances, it’s no wonder that a lot of them are looking at peer-to-peer loans as a way to pay down debt more quickly and have a lower interest rate. ...
When you think about an individual who would borrow money from strangers, rather than fill out a loan application at a bank, what kind of image comes to mind? Do you think the borrower is desperate, has bad credit or ...
Many people who have heard of peer to peer lending understand that it is a form of social lending that removes the bank as the middleman. However, there are a lot of other factors about peer-to-peer loans, the peer to ...
Q: What is a peer-to-peer loan or peer-to-peer lending? A: In the U.S., peer‑to‑peer lending is a relatively new form of social lending that removes banks as the middlemen in a loan transaction. With a peer-to-peer loan, an individual – ...
Q: I just completed 6 ½ years of school but maxed out my subsidized and unsubsidized loans. I have one class to take to get my college degree, but I have an overdue amount and late fees on my school ...
