October 12, 2009 in How it Works | Tags: Business, Financial services, Lending Club Borrowers, Loan, Peer-to-peer, Person-to-person lending, Prosper Marketplace, Zopa
photo credit: wsilver
Person-to-Person lending (also known as Peer-to-Peer or P2P) is fast becoming an attractive way for borrowers and lenders to connect directly. It is like the EBay of the banking world. In the past, you would deposit your funds at the bank and depending on the amount and term, the bank would pay [...]
October 2, 2009 in Borrowers, Credit Cards, How it Works, Loans, P2P Loans, Peer To Peer Loans | Tags: Borrower, Business, Credit, Financial services, Funds, Loan, Person-to-person lending, Prosper Marketplace
photo credit: A6U571N
Imagine making money like E-Bay, but in the world of loans. Two years ago, if you lent me money with principal and interest from a family member or friend I would’ve said you are “crazy”! But today there is such an opportunity to get a loan from people who want to [...]