Peer to Peer Lending
I love the idea of Peer to Peer Lending (or P2P Lending). It allows you to use a website and lend money at better terms, instead of having to pay the high-interest rates of a bank. You shouldn’t borrow money to help you with debt, it won’t make you any good in the long run. But if you need a personal loan, the P2P lending system can help you save long money in the process.
For potential investors, returns are risky but a lot higher than any other options available in the market. You can earn from 6% to 18% returns of your investment. There are several services online offering P2P lending, let’s have a look at my favorite ones.