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
can I make up to loan with my fair credit scores to improve score with pay on time every month?
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Credit score guidelines for loans/mortgages
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Poor credit/will be receiving an inheritance next month
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