Why P2P Loans are Hot for Borrowers and Investors

by Gerri Detweiler

Peter Renton

Peter Renton

They’re one of the hottest trends in lending - and investing. P2P loans, a.k.a. social lending loans like Lendingclub.com and Prosper.com can help you save, or even make, you a lot of money. Learn how these loans work as I talk with Peter Renton, the editor and publisher of the leading blog on peer to peer lending called the Social Lending Network.

Listen Here:



Peter puts his money where his mouth is. He has been an investor in peer to peer lending since 2009 and has been writing his blog since November, 2010 and he’s been earning very attractive returns.

You’ll learn:

How P2P loans help borrowers save money.

Why they are hot for debt consolidation, home improvement and other times when you need to borrow.

What it take to qualify for one of these loans.

How Peter and other investors are getting good returns investing in these loans.

A smart way to diversify your risk if you invest in these loans.

If you are looking for a way to bypass the banks and credit card companies to get a better interest rate when you borrow, or if you are tired of the paltry returns you are earning elsewhere on your money, you won’t want to miss this episode of Talk Credit Radio!

Important: I am not an investment advisor. Before you decide to invest in this or any other type of investment vehicle please consult your investment advisor.

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Comments for Why P2P Loans are Hot for Borrowers and Investors

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Oct 02, 2012
P2P Lending is real, and here to stay.
by: Yvan De Munck

Gerri,

I just listened to your interview with Peter Renton, the "man" on P2P lending. Being involved in the space myself, I confirm that this "thing" is real, and that it's "an idea whose time has come" indeed. While the industry is growing with leaps and bounds and lots of related activity on the fringes, your average Joe has no clue what is happening - but he will find out soon enough. With banks's continued struggle leading to overpriced and/or unaccessible credit, and credit card companies oligopolian grip on that same market, this very open window of opportunity will be there for all of us, transforming US consumer finance for the better. A development that is socially desirable and financially rewarding - what more do you want ? Continue to spread the word therefore !

Yvan De Munck

Eaglewood Capital

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