Question by BNICKS: Peer to Peer loans … who knows about them?
I am in the market for a personal line of credit not installment loan for my particular situation. But, while doing my research I found this new way (or not so new) of investing (lending) and borrowing money.
My question is if anyone out there has taken out a loan like this or lent any money through this. What were your experiences … good or bad. People who invested/lent money how was the return on your investment?
also … if anyone knows the best place to go for a personal line of credit for 25k – 30k for someone who was 750 fico.
thanks
Best answer:
Answer by Space Invader101
Like other investments, there’s risk involved if you’re the lender. You get more interest than in the bank.
I have never been involved in P2P lending. I found this site from another answerer on YA: http://www.moneyscrounger.com/investing/peer-to-peer-lending/
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