Is Peer To Peer Lending A Good Investment Idea? Modest Money26 Comments

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Hey everyone, Josh here again, and thank you for joining me for this week’s Monday Money. I’ve been on a big investing kick since I started investing myself a few months back. I’ll tell ya, I should have started this much sooner. Anyway, I’ve been strolling along on several different blogs and I keep seeing the peer to peer investing idea pop up. So, I figured I’d chat about that a bit this week and see how it turns out.

What Is Peer To Peer Lending?

Have you ever let a friend or family member borrow money? Well, that’s a small form of peer to peer lending. One of your peers needed money, you offered a loan. Well, this idea has given way for an entirely new industry. There are millions of people out there that want loans, but don’t want to deal with banks. These people are willing to pay competitive interest rates, make monthly payments, and do what it takes to keep the loan in good standing, at least in most cases. So, if another consumer were to fund that loan, they could potentially make a good amount of money in interest.

I Don’t Know Enough People That Need Money…

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By : Josh Rodriguez | 18 Nov 2013
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Is Peer To Peer Lending Worth My Investment?

By : Josh Rodriguez | 11 Nov 2013

Today I’m going to talk about an investment opportunity that seems to be trending these days, peer to peer lending. Although, most peer to peer lending websites boast big returns, many investors are scared of the concept of loaning money to consumers who could possibly …

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