Why is Marketplace Lending Thriving?Apr 17, 2015 Blog INVESTMENTS , Personal Finance
Why is marketplace lending thriving? It’s fairly simple, really. People are realizing that credit cards might be a good way to buy things at point of sale, but they are not a smart way to get credit or borrow money.
For borrowers, marketplace lending offers a better way to take out a loan with affordable interest rates and better terms. What started as a great way to consolidate debt is quickly becoming the smarter and easier way to borrow money for everything from home improvement to elective medical procedures to special occasions.
On the investor side, people with cash to invest are seeking out higher-yield alternatives to traditional markets, particularly during this time of historically low rates.