Acoording to the Article "Peers Find Less Pressure Borrowing From Each Other", Google is teaming up with the nation's largest P2P lender-- Lending Club, and they invested $125 million which gets borrowers and lenders together outside the conventional banking system. Google's investment shows the growing market and interest in P2P lending industry. (Kaufman,2013). Because of the P2P lending system is so efficient and user-friendly, David Schehr said "Their total volume of lending might be what a small two- or three-branch community bank does in a year." (Kaufman,2013)
Reference:
http://en.softonic.com/s/top-10-free-p2p-file-sharing-programs/downloads
p-10-free-p2p-file-sharing-programs/downloads
Peers Find Less Pressure Borrowing From Each Other May 10, 2013 http://www.npr.org/blogs/alltechconsidered/2013/05/10/182651552/peers-find-less-pressure-borrowing-from-each-other
I also read this article about the lending club, I actually think its a great idea because it helps everyone! The lenders get good returns, borrowers get lower than market rates. I will def. consider this because lately I have been contemplating on further education, which isn't cheap at all.
ReplyDeleteAgree. I lend textbooks from my friends which save me lots of money. If I have to purchase every single textbook, I'll be broken. Just kidding.
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