Is Peer to Peer lending the answer to all of our problems? Part 2

Last week we briefly described peer to peer lending and the potential benefits it can have on the UK economy in helping plug the gap left by the Banks. A recent study conducted by Nesta outlined that peer to peer lending has the potential to deliver over £12bn in business lending annually. In addition to this 75% of the lenders who were surveyed outlined that they would be increasing their...

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Is Peer to Peer lending the answer to all of our problems?

Peer to peer lending is where individuals lend their money directly to people looking to borrow money for personal or business reasons. It is a new form of lending that has arisen partly because the traditional forms of finance have deteriorated since the Global recession began in 2008. The Big banks are no longer lending at the rates they once were to business owners and individuals. On top...

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Short Term Peer to Peer Loans Advantages

Social lending, also known as peer to peer, or person to person lending, is fast becoming a far more popular model of borrowing than from high street banks. The idea behind matching borrowers with lenders is simple and efficient, enabling lenders to charge fairer rates of interest for borrowers and lenders alike. Short term lending has plugged a gap for those who need emergency cash in a...

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Short Term Borrowing Options

Taking out a short term unsecured loan is a quick and easy way to cover an emergency expense or cash flow problem. But what types of loans are available to you, and what are the pros and cons of each? Read on for a quick guide to your loan options. Bad Credit Short Term Loans The advantages of bad credit short term loans are fast pay outs, and a simple process of applying. However, interest...

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A Quick Guide to Loans

Taking out a loan can be a confusing business. There are a huge amount of loan products out there, so deciding on the right loan for you can take some time. When deciding on any loan, the general rule of thumb is to always look at the terms. The APR rate, repayment time, monthly payment instalments, interest rates and hidden charges all need to be taken into account. Types of Loan Personal...

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