SAM Says: Out-of-the-Box Borrowing
Peer to peer (P2P) lending networks pool investments from several small individual investors to give personal loans and business loans to borrowers who might be considered too risky for traditional banks and credit unions. P2P loans often offer better interest rates than credit cards, but not always. As with any loan, borrowers should compare the P2P loan terms to other borrowing sources.
P2P lending platforms also are investment opportunities. Join the network to give loans to other people and you might make a nice profit — or, you might not.
