P2P Crowdlending for Beginners
Note: This post was updated on our website 👉 CARLIACONSULTING.COM or find the complete post at 👉 P2P CROWDLENDING FOR BEGINNERS What is P2P lending? Peer to peer lending (P2P) is self-explanatory, implying that a process moves from one person to another, which it does. P2P lending is a system that allows people to lend money to others without going through a bank. The middleman is a Peer-to-Peer platform that provides a technical solution and monitors transactions between both parties: a borrower and a peer to peer lender. An individual investor can acquire or purchase an already issued loan through marketplace lending. This significantly expedites the process and increases the loan supply for potential investors. So, in essence, P2P lending allows an investor to purchase loans that have already been issued by a third party company known as a loan originator. The P2P platform acts as a go-between for investors and loan originators. Mos...