Need a Loan? Ask a Stranger: The Power of Peer-to-Peer Lending
Filed under: Credit, Banking, Personal Finance
Interest rates are at their lowest levels since 1971, but even people with excellent credit scores are finding it hard to obtain loans from banks more comfortable with lending to companies than to individuals. For a homeowner with an underwater mortgage, or a repentant over-spender struggling with a high APR, refinancing for lower interest can make a difference over the long term. But with banks still cautious, many people are looking elsewhere to make ends meet.
And for some of them, the…
Need a Loan? Ask a Stranger: The Power of Peer-to-Peer Lending originally appeared on DailyFinance.com on 2012-07-04T05:15:00Z.
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