Investing in Social Lending
Peer-to-Peer investing (commonly P2P) is the practice of investing money in notes of loans for borrowers who are requesting a loan without going through a traditional financial intermediary and who are unknown to the investor. This type of investing typically takes place online through online platforms, among which Lending Club and Prosper are the industry leaders. Personally, I have only had experience using Lending Club and I love the platform. However, this article is not intended to review either platform so here are some reviews that may help you determine which platform best suits your needs,