Peer To Peer Lending [P2P Lending] : A Brief Overview

Hello friends, Good morning and welcome back for some more online money making news.

Firstly an earnest thanks to all the friends, who were concerned about my father’s health. He is  little better now, at least the fever has subsided. Although, the back problem still remains. I hope he will recover in the coming days with physiotherapy and exercise. Thanks friends, for your prayers and mails, showing your concern. Thanks a lot.

With the debacle and the frustration experienced the last month, with some cheap HYIP scams. I was researching on some completely legitimate ways of making money online. Another stimulus, that compelled me to perform an extensive search for the legitimate ‘Make money online’ programs was the question that I am asked very frequently by the investor friends – ‘ I have lost a lot of money in HYIPs, Cyclers, MLMs, can u find a program that is completely legitimate and do not scam?‘‘

I have been looking at these opportunities for almost a month now.

Enough of the adieu, let us now move on to the subject proper :

** What is Peer To Peer Lending or P2P Lending ?

Peer To Peer Lending programs is a form of financial transaction essentially consisting of lending and borrowing, thereby helping the borrowers to overcome difficult times, building their business and the lenders making a steady profit from their investment. One difference that i would like to stress P2P Lending programs are for profit activities and should not be confused with person to person charities.

Peer To Peer lending sites gained a huge popularity during the Global economic crisis of 2007-2010. The current economic down trend has created another huge boom in the P2P Finance industry. With Banks offering very low interest rates, many individuals are moving to P2P lending sites, for their investment.

** Registration and Licensing of Peer To Peer Lending or P2P Lending sites :

The Peer to Peer lending sites are registered under The license and registration can be obtained at a securities regulatory agency such as the Securities and Exchange Commission in the U.S., the Ontario Securities Commission in Ontario, Canada, the Autorité des marchés financiers in France and Quebec, Canada, or the Financial Services Authority in the U.K. [Source Wikipedia]

** Some Rave Reviews of Peer To Peer Lending or P2P Lending from prominent sites :

1. Peer-to-peer lending via the internet hits £250m – source BBC News

2. Big Investors Are Piling Into the ‘Peer-to-Peer’ Lending Market. Here’s How to Do it—Safely – Source : The Wall Street Journal

** Best Peer To Peer Lending or P2P Lending sites :

For now, I have found two of the most popular Peer To Peer lending sites, that are available only for the United States citizens. I am looking at other completely legitimate P2P sites that are available for other countries as well.

Lending Club  – Start Investing

Small business loans for borrowers with excellent credit. No hidden fees. No pre-payment penalties – Prosper.com

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