Here is Everything You Need to Know About Peer to Peer Lending
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Peer-to-peer lending is slowly changing the financial landscape,
giving alternatives to both borrowers and investors.
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Despite setbacks over the years, grey areas in regulation, and other challenges,
today’s industry boasts numerous peer-to-peer lending platforms catering to all sectors of the economy.
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Today, we’ll be looking at some of these platforms and what makes them stand out.
But first, let’s look at the peer-to-peer lending market.
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What is peer-to-peer lending?
Peer-to-peer lending is a form of borrowing where instead of a bank, borrowers connect directly with individual lenders through platforms.
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How does peer to peer lending work?
For borrowers, peer-to-peer lending eliminates the hassle of getting a loan.
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Indeed, most peer-to-peer loans are handled online and automatically, further reducing disbursement times.
They process loans faster because they use cutting-edge technology to evaluate loan risks.
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1) Prosper
Prosper has facilitated more than $12B in loans to more than a million people.
Top peer-to-peer lending sites
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