Peer-To-Peer Lending On The Up
This article from the Independent is a good summary of the state of the peer-to-peer lending market at the present time. This is the first couple of paragraphs.
Many people were sceptical about peer-to-peer lending and questioned whether it would ever take off in the UK, but with savings rates from banks and building societies suddenly hitting rock bottom this new sector is becoming increasingly popular.
With traditional savings rates having fallen by more than a third in the last six months, returns on offer from the peer-to-peer providers are looking even more attractive.
Compared with mainstream banking, this new breed of finance is still in its formative years, with Zopa launching as the UK’s first peer-to-peer marketplace in 2005.
But read it all, as there is some very useful information.
I suppose savers’ biggest question, is would you lend your money in an industry, that is just eight years old?
I’ve been on board Zopa, for around five years and can say it has been an enjoyable and profitable ride for myself.
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The Anonymous Widower 
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