Optimal Finance Daily - Financial Independence and Money Advice cover image

2332: MONDAY MASTERY - Is Peer-To-Peer Lending a Good Way To Make Money? by Cindy With Women Who Money

Optimal Finance Daily - Financial Independence and Money Advice

00:00

The Advantages and Disadvantages of P2P Lending

Prosper and Lending Club are by far the largest P2P lending sites in North America. Other players include upstart, funding circle, peer form, and lending loop in Canada. Although it's relatively new, P2P represents an opportunity for individual investors to jump into the lending process. Advantages: Help support small businesses or individuals by lending money Start investing with a small dollar amount Customize loans, the amount of loan, risk level, term, etc.

Play episode from 04:38
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app