Introduction to Peer-to-Peer Lending
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Peer-to-peer lending is an alternative to traditional financial institutions. But like traditional lending, it has its own issues.
What you will learn
- What Is Peer-to-Peer Lending?
- How Does Peer-to-Peer Lending Work?
- Services Offered with Peer-to-Peer Lending
- Advantages and Disadvantages of Peer-to-Peer Lending
What do you know?
Introduction to Peer-to-Peer Lending
If the idea of total strangers loaning you money outside of the traditional bank setting strikes you as strange, it’s really not. It’s a form of business. It’s called peer-to-peer lending. Also known as person-to-person lending, peer lending, P2P, or social lending, it is an alternative to traditional financial institutions. But like traditional lending, it comes with its own set of issues.
