Generating returns between 10 to 15%, many online platforms known as peer to peer lending are now rising in the financial industries, catching the attention of businessmen and investors alike. It’s almost every week that a new company puts out and starts bringing together anyone and everyone who plans on doing away with banks and other traditional financial institutions.
They say that it’s good to not just be focused on profit, but also be socially involved. The truth is, peer to peer lending attracts investors because it primarily benefits them. They get higher returns, have more flexibility with their investments, and enjoy a more consistent source of returns over-all. But having a bit more perspective won’t hurt would it?
While peer-to-peer lending is a trendy undertaking that’s attracting a lot of entrepreneurs, you can bet that it’s also benefiting the other party – the lenders. Otherwise, the market wouldn’t be filled with them, looking for opportunities outside the four corners of the traditional banking institutions. Continue reading
The rise of peer to peer lending is slowly empowering a huge number of borrowers – individuals and businesses alike – who need a good source of capital that they can’t get from traditional banking or financing institutions. But because the system is currently far from regulation (which is probably why it’s there in the first place), it’s fair to expect that the investors will be wise with whom they invest money with. Continue reading
There’s a huge market for borrowers and lenders in the UK, and they come with the need to bypass banking regulations and find immediate lenders and borrowers online for countless purposes. Since then websites like Zopa, Funding Circle, MoneyEgg.com and Rate Setter, along with 40 other platforms that keep on adding up every week, have come to the rescue. The projection is that by 2015, the industry will have more than £1 billion in loans. This increasingly popular industry is called Peer to Peer lending. Continue reading