Author Topic: peer to peer lending  (Read 628 times)

em

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peer to peer lending
« on: Aug 12, 2016, 04:13:43 PM »
Have any of you used peer to peer lending?I have been with Zopa for several years.

GrannyMac

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Re: peer to peer lending
« Reply #1 on: Aug 12, 2016, 05:15:59 PM »
I've heard of it, a friend borrowed from Zopa, but never used it myself. Seems pretty ethical.
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Dickie

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Re: peer to peer lending
« Reply #2 on: Aug 12, 2016, 05:32:00 PM »
I've never heard of this so please em and grannymac will you tell us about it and how people really help them xxx

Dickie

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Re: peer to peer lending
« Reply #3 on: Aug 12, 2016, 05:35:23 PM »
Oh wow ok I just did a Google and it does exist so em why did you ask darling ??? Are you in trouble and cant your bank help you and you know they say eight percent interest so is that good or bad xxx

zoony

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Re: peer to peer lending
« Reply #4 on: Aug 12, 2016, 06:30:10 PM »
People also invest their money in peer-to-peer Bea. That's where the money lent comes from. I suspect Em is an investor rather than a borrower.
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cheddar-caveman

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Re: peer to peer lending
« Reply #5 on: Aug 12, 2016, 07:05:33 PM »
Never a lender nor a borrower be 8)
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Dickie

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Re: peer to peer lending
« Reply #6 on: Aug 12, 2016, 07:21:28 PM »
I remember that saying my caveman and it's actually true isn't it BUT I wished I'd known that donkey years ago




Actually nooooooo I have no regrets and mistakes and I'm actually so happy about that . I'm proud to say I've given and only gave what I knew I wouldn't get back because that when trouble starts . Only give what you can and never expect back or you will be disappointed and that's so sad xxx

xetog

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Re: peer to peer lending
« Reply #7 on: Aug 14, 2016, 10:55:41 AM »
Just noticed this Beannie.  I am assuming we are talking of Peer-to Peer-lending (P2P) but there are other things with the same name. Peer-to-peer is fairly new concept in the area of lending and borrowing.  Usually individuals or businesses put their money in a bank, and the bank then lend that money to other individuals or businesses.  P2P removes the bank from this process.  There are a growing number of online  companies that can operate this process.  This process can also be referred to as social lending, crowd-lending or marketplace lending.  Quite risky to my mind although I believe there are some systems which claim reduce the risk.

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franden

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Re: peer to peer lending
« Reply #8 on: Aug 14, 2016, 11:06:07 AM »
I was always told that the quickest way to lose friends was to lend them money.

em

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Re: peer to peer lending
« Reply #9 on: Aug 14, 2016, 11:58:18 AM »
I have invested with Zopa(P2P)for many years.There are three levels of risk,ranging from 3.5%-7.5%.My investments at every level have produced an excellent return.It is a very lean and efficient business.

em

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Re: peer to peer lending
« Reply #10 on: Aug 14, 2016, 12:01:23 PM »
By thye way,they are introducing ISAs--government-backed--later this year.

JCBDriver

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Re: peer to peer lending
« Reply #11 on: Aug 14, 2016, 04:10:16 PM »
I also invest in P2P, currently use three of them. The reward is qualified by the risk, until recently there was no protection against loans defaulting and you loosing your money. However the trend now, started by Ratesetter, is to hold a contingency fund which mitigates against loan defaults.
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em

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Re: peer to peer lending
« Reply #12 on: Aug 14, 2016, 04:28:24 PM »
"never a lender or a borrower be".    I have always considered this statement to be somewhat nugatory.If you put savings in a building society,you are a lender.If you have a mortgage,you are a borrower.Surely this applies to many people in this country.Peer to peer follows exactly the same principle.

zoony

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Re: peer to peer lending
« Reply #13 on: Aug 14, 2016, 04:53:37 PM »
Word of the week em!  "nugatory"..Great word, never heard it before but I shall use it frequently from now on. ;D
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xetog

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Re: peer to peer lending
« Reply #14 on: Aug 14, 2016, 05:04:45 PM »
It means of no value (just in case you were puzzled) but a very satisfying word.

Mike
The mind is like a parachute, it works best when it is open.