Peer-to-Peer Lending Platforms: The Benefits and Risks of Peer-to-Peer Lending

peer-to-peer lending

Peer-to-peer lending platforms are online or mobile applications that connect borrowers and lenders directly, without the intermediation of traditional financial institutions such as banks or credit unions. Peer-to-Peer lending platforms allow borrowers to request loans for various purposes and allow lenders to invest their money in different types of loans, such as secured, unsecured, or … Read more