peer to peer lending News

peer to peer lending News From AOL News

Opinion: Financial Reforms Threaten Innovative Lending Option

(June 17) -- Like many young entrepreneurs, Lydia Hamilton had a great idea but lacked the money to start her own business. She knew that few upscale clothing stores in Milwaukee offered fashionable dresses in plus sizes and saw an opportunity to open up her own specialty boutique. Even though she had good credit and a...

Background on peer to peer lending

Person-to-person lending (also known as peer-to-peer lending, peer-to-peer investing, and social lending; abbreviated frequently as P2P lending) is a certain breed of financial transaction (primarily lending and borrowing, though other more complicated transactions can be facilitated) which occurs directly between individuals or "peers" without the intermediation of a traditional financial institution.

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