Peer-to-peer lending is a modern name for an old practice -- individuals loaning money directly to acquaintances, family and friends. What's modern is the technology that now allows perfect strangers to borrow from and lend to each other. Modern peer-to-peer (P2P) lending uses websites to introduce lenders and borrowers. Borrowers create an online profile, go through credit and other checks, and are then chosen (or not) by private lenders who fund the loan. Income and employment may be verified but are not always.
Frequently Asked Questions
1 Answers | asked 10 months ago
can I make up to loan with my fair credit scores to improve score with pay on time every month?
2 Answers | asked 11 months ago
says have a loan for over 900 how do i get it
7 Answers | asked 12 months ago
i had good credit untill i became disabled less than 1 year ago
3 Answers | asked 1 month ago
$4000 loan for 2month poayback
1 Answers | asked 2 months ago
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