5 Benefits of Peer-to-Peer Lending
Peer-to-peer lending is a non-traditional form of loan that basically eliminates banks and other financial institutions as middle men between lenders and borrowers. Instead of applying to a bank for a personal loan, borrowers can apply to a peer-to-peer lending site and receive a loan that is funded by individuals. There are several benefits of this type of loan, for both lenders and borrowers. Easier Approval for Borrowers Peer-to-peer lending is growing astronomically, with more than two billion dollars a year being lent out per year in just the United States.…
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