Why is Marketplace Lending Thriving?

Apr 17, 2015 Blog  INVESTMENTS , Personal Finance
img

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.

Related Articles

  • Blog Innovation of the Year: Online Marketplace Lending

    INVESTMENTS, Personal Finance

    In the American Bank Technology News, it is said that 2014 was a “Gold Rush” year for online marketplace lending. As a result of the industry’s rapid growth and evolution, American Banker (a dai...

    Read More
  • RainFin In the news RainFin Investors – How It Works

    INVESTMENTS, RainFin Videos

    RainFin is an online lending marketplace where you can safely, quickly and cheaply borrow from or lend to people around you. This video explains the Investor process. After looking at this, the viewer...

    Read More
  • Blog Don’t Settle for Savings – INVEST!

    INVESTMENTS

    The word savings usually makes me think of a treadmill. Why? Well, it comes down to a couple of experiences I’ve had in my life. Specifically when I save for something in the short to medium term, y...

    Read More