6 predictions for Peer Lending in 2016
The Peer Lending industry is set to celebrate its decennial anniversary in the US in 2016 (the first loan was issued in February, 2006).
- Alex Neporozhniy
- 6 Comment
The Peer Lending industry is set to celebrate its decennial anniversary in the US in 2016 (the first loan was issued in February, 2006).
The percentages of investors and borrowers are based upon the population of the state and how many actual investors are within these states.
The Federal Reserve uses interest rates as a mechanism for controlling the overall US economy.
We’re often asked to explain what is Peer Lending, and how it compares to savings accounts or the stock market.
With Lending Club continually adding to their growing list of states that meet their “State and Financial Suitability Requirements” we thought about what it means to invest and be an investor.
Bill Gates once said, “Banking is essential. Banks are not.”
In a previous blog post, we mapped the parties involved in Peer Lending, showing that it involves many different businesses, all pretty specialized and efficient.