Category: Debt

5 Reasons Why Borrowers Should Turn to Peer to Peer Lenders Instead of the Banks Modest Money7 Comments

peer-to-peer

The following is a guest post about peer to peer lending. If interested in submitting a guest post please read my guest post policy and then contact me.

Since the economic crash of 2008, mainstream lending institutions have reacted by significantly reducing their lending to both consumers and businesses, contributing to the economic recessions the UK and the rest of Europe have recently endured. However, peer to peer lending has emerged in recent years as a viable alternative, and these are the key reasons why:

1. Faster approvals

Large traditional financial institutions typically take significantly longer to assess and approve loan applications than the new wave of alternative finance providers. The innovative technology and efficient business models employed by these alternative providers enables loans to be assessed, approved and paid out often within one to two business days.

2. Lower interest rates

Personal loan borrowing rates have increased sharply over the course of the last few years, making borrowing a very expensive, and in some cases unaffordable, endeavour. However, peer to peer lenders can offer extremely low rate loans by connecting borrowers directly to lenders, cutting out the traditional financial institution in the middle.

Peer to peer lending platform providers are able to offer market…

Read more...
By : Adam | 4 Mar 2014
Tweet this article :
Modest Money
credit-cards-lender

What To Do When You’ve Had Enough of Lenders

By : Josh Rodriguez | 3 Feb 2014

Hey everyone, thanks for swinging by! Today, I’d like to touch on a subject that I know affects tons of people. It’s credit cards. Now, I’m not talking about credit card debt, I’m talking about when you’ve HAD IT UP TO HERE with a lender. …

Tweet this article :
Modest Money
debt-payment

Debt Settlement Isn’t Always The Best Answer

By : Josh Rodriguez | 27 Jan 2014

Hey everyone, thanks for joining me for this week’s Monday Money! Yesterday, a friend of mine who owns a pretty decent business received a call from a debt settlement company. He said one of the first questions they asked was “How much money do you …

Tweet this article :
Modest Money
readyforzero-review

ReadyForZero Review – Get Out Of Debt Quicker

By : Josh Rodriguez | 10 Jan 2014

Debt is something that few consumers are a stranger to. Throughout recent years, a major financial recession has caused overwhelming debt for many households. If you’re facing this battle, you may feel like there’s no way out. At least, until you start looking for relief …

Tweet this article :
Modest Money
rewards-credit-card-dangers

Are Rewards Credit Cards A Danger To Society?

By : Josh Rodriguez | 2 Dec 2013

Hey everyone, thanks for joining me for this week’s Monday Money. I’m Josh, the guy behind this column, and today, I want to talk a bit about an email I received about rewards credit cards. The writer of the email seemed a bit angry that …

Tweet this article :
Modest Money
Page 1 of 512345