Peer-to-peer lending is slowly changing the financial landscape, giving alternatives to both borrowers and investors. The peer lending market is expected to hit $312.6Bn this year, fueled in part by technological advancements in the industry that help platforms quickly evaluate loans.
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.
You’ll find platforms focused on consumer loans, small business finance, real estate development, etc. Along with Europe, the US has a plethora of great peer to peer lending options to help generate passive income and help aid in getting you closer to your financial goals.
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. What is it? How does it function? What are the pros and cons compared to traditional credit facilities?[Read more…] about Complete Guide to Peer-to-Peer Lending