For many of us, the first introduction we had to peer to peer lending went something along these lines:
“Traditionally we all used banks. Banks lent money to consumers and small businesses at a high rate of interest. They used money from savers, paying them a much lower rate of interest. Banks made large profits on the spread between these two rates. Peer to peer lending connects lenders and borrowers directly so they both have a better rate.” Continue reading P2P Lending & The Lender/Borrower Spread
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