Lending Club recently announced the launch of a new type of credit: auto loans. This is great news,… except for the individual Peer Lending investor, who remains without access to this investment opportunity. Again. Perhaps this change was inevitable, as technology originally designed to serve the individual investor has evolved to deal with its own success. Peer-to-Peer as an impetus…
Alas, Bob is not anymore the trustworthy friend he used to be, and you may have doubts about his ability (or willingness) to pay you back. For instance, if he was supposed to give you some money yesterday, but you haven’t heard from him and he’s not even answering your calls. In that case, you would be very happy to offload me the loan for \$120 or even \$100, but I wouldn’t buy it at that price.
*Note: This Infographic is intended for informational purposes only. Your specific situation may differ.
To ensure proper tax treatment be sure to consult your tax professional for advice.
The idea of lending money to people you don’t know, without any kind of guarantee, may seem stupid at first. But ‘Peer-to-Peer lending’ (as it was originally called) does work for investors.
As of late, Marketplace Lending platforms have been struggling to find permanent capital. In what must be considered welcome news for the industry, the first closed-end fund has finally been approved by the SEC.
Upon searching for family lending, you will find implementation advice. It is apparent that many individuals struggle with the prospect of lending to family or friends.