A form of lending and borrowing between individuals and not lending institutions. Person-to-person lending involves two sets of people; those individuals that have money to loan and people seeking to borrow money. The primary advantage of this form of lending is that it prevents borrowers from having to meet strict credit requirements and pay high interest rates. The lending party is subject to the most risk because the borrower may not pay them back. There are a number of websites that provide users with a platform to perform person-to-person lending transactions. Also called peer-to-peer lending.
Related information about person-to-person lending:
- Peer-to-peer lending - Wikipedia, the free encyclopedia
Peer-to-peer lending (also known as person-to-person lending, peer-to-peer investing, and social lending; abbreviated frequently as P2P lending) is the practice ...
- Personal Loans and Online Investing - Peer to Peer Lending - Prosper
Personal loans meet online investing at America's leading online destination for borrowing money and investing in personal loans. It's peer to peer lending!
- Person-to-person lending online gathers steam - MSNBC.com
Nov 27, 2007 ... Colin Nash, 35, was struggling with $12000 in credit card debt late last year. Meanwhile, Michael Fisher, 24, was looking for a new investment.
- Person-To-Person Lending - US Government Accountability Office
Jul 7, 2011 ... Over the last decade, Internet-based platforms have emerged that allow individuals to lend money to other individuals in what has become ...
- Entrepreneurs' Guide To Person-To-Person Lending Sites - Forbes ...
Feb 11, 2008 ... The inner workings of five innovative lenders. What you should know before you borrow or lend.
- Person To Person Lending Not Saving The Economy... Actually ...
Jan 20, 2010 ... Person To Person Lending Not Saving The Economy... Actually Looking Really, Really Bad. from the maybe-banks-are-on-to-something dept ...
- Virgin Money - Person to Person Lending at Virgin Money ...
Virgin Money is a person to person lending service that allows you to structure formal loans with people you know. Through person to person lending, you skip ...
- P2P Lending For Extra Retirement Income
Mar 19, 2012 ... Person-to-person (P2P) lending is the 21st century's answer to personal lending. Previously, if we needed money, we borrowed it from friends ...