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Fin Planning Jul 2015 - "Peer Lending as an Alternative Funding Option"

Fin Planning Jul 2015 - "Peer Lending as an Alternative Funding Option"

Fin Planning Jul 2015 - "Peer Lending as an Alternative Funding Option"

Excerpt


Peer Lending as an Alternative Funding Option


 


Sometimes people look for alternative lending sources because they have credit issues and can’t find a lender that will loan them money. When this happens, the sources they find might charge interest rates much higher than the current market rate. Other times, however, borrowers with perfectly good qualifications will look for an alternative lender for other reasons, such as better service or to avoid dealing with the bureaucracy of a traditional bank. These days, a new type of funding is available for just such a borrower. It’s called peer lending.



 


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